How does insurance compensate for a car that has been totaled in an accident?

[CatherineLynn]

Insurance can provide corresponding compensation for a car that has been totaled in an accident according to relevant regulations. Here is some knowledge about insurance compensation: 1. First Category: When the repair costs exceed 80% or more of the vehicle's value, the insurance company will settle the claim as a total loss. 2. Second Category: The vehicle meets the mandatory scrapping standards. According to Article 4 of the "Mandatory Scrapping Standards for Motor Vehicles," registered motor vehicles that fall under any of the following circumstances should be mandatorily scrapped: if they still fail to meet the national safety technical standards for in-use vehicles after repair and adjustment, or if they continue to emit pollutants or noise exceeding national standards after repair, adjustment, or the application of control technologies. 3. Compensation Standard: Compensation amount = New car purchase price - Depreciation amount (if no deductible waiver insurance was purchased, an additional portion will be deducted).

[LeviLynn]

My car was totaled in an accident, and I just finished handling the insurance claim. After reporting the accident, the insurance company sent an adjuster to inspect the car and confirmed it was completely totaled. I had comprehensive coverage, so they compensated me based on the car's market value at the time, but deducted my deductible of 2,000 yuan. The other party was fully at fault, so their insurance covered that part directly. The whole process was quite fast, and the compensation was paid within a week. A reminder to everyone: after an accident, take photos immediately as evidence and call the police to avoid greater losses from delays. Also, when choosing insurance, pay attention to the coverage amount and don’t just go for the cheapest option. Now when buying a new car, I pay more attention to safety features.

[McFelix]

Last year, my car was totaled in a rear-end collision on the highway. I immediately contacted the insurance company and provided photos and reports from the accident scene. During the assessment, the adjuster calculated the depreciated value based on the car's age and mileage, ultimately compensating around 60,000 yuan after deducting the 500 yuan deductible. Since the other party was fully at fault, it was more straightforward to have them cover the costs. I recommend carefully checking the policy details when filing a claim and keeping all communication records. This experience made me realize the importance of good insurance and influenced me to recommend comprehensive coverage with full amounts to friends and family. Regular maintenance records can also help in securing a higher valuation.

[MacJack]

My new car was totaled shortly after I got it, which was terrifying. The insurance company said they need to assess the car's value and then deduct the deductible before compensating me. With full coverage, the payout was decent. If it's the other party's fault, it's simpler since they cover the costs. After reporting to the police and taking photos, the process went smoothly and the money came through. A reminder to new drivers: drive carefully, stay calm in accidents, and report immediately while preserving evidence.

[ElenaMarie]

My friend's car was totaled in an accident. She handled it properly by first notifying the insurance company and providing evidence. The compensation was based on the residual value, so she lost some money, but safety comes first. When the other party was fully at fault, she received additional compensation. Afterward, she bought a new car with more emphasis on safety features. This teaches us to stay calm in emergencies, protect our families promptly, and choose good insurance.