Getting into a car accident isn’t a fun thing to go through. Unfortunately, getting behind the wheel of a car opens up the risk of getting into an accident.

But what happens when you’re in an accident that totals your vehicle? And what if you still owe money on that vehicle? Read on for helpful tips on what to do if your car becomes totaled.

Total Loss

A vehicle is considered a total loss when the cost of repairs exceeds the value of the vehicle. The Texas Transportation Code section 501.091 provides that the TLT in Texas is the fair market value of the vehicle in its pre-accident status.

Your insurance company will then determine if your car is totaled.

What Next?

After your insurance has determined your vehicle a total loss, you need to start gathering all the info you have on your vehicle.

First, locate your vehicle’s title. If you completely own your vehicle, the title can be used as proof to your insurance that you owe nothing on the vehicle.

If you do not own your vehicle, give your insurance the contact information of the financing company you are using. Your insurance company will then have to pay the financing company before you get anything yourself.

Next, find an auto repair or auto body shop. There you will be able to get a quote on the repair costs. Be sure to research different shops, as many shops prices will vary.

Be Professional

Dealing with a total loss of your vehicle can be frustrating and even confusing. There are many factors happening for your insurance to get the full picture, and what your policies coverages are. Be sure to have an open line of communication between your insurance agent as to be on the same page.

Payne Collision Center

The Payne Collision Center is here to help with any auto repair that needs to be done!

Get an estimate online and follow the Payne Collision Center on Facebook.