How to Handle a Total Loss Vehicle After an Accident?
2 Answers
After a traffic accident occurs, the first step is to call the police, who will determine the liability for the accident. The vehicles and items involved in the accident will be taken into custody by the traffic police department. Regardless of when the accident happens, it is essential to notify the insurance company. Upon receiving the notification, the insurance company will promptly dispatch an investigator to the scene for assessment. Once all procedures are completed, the accident vehicle can be sent to a repair shop for servicing. The assessment results for the total loss vehicle will be available within 7 working days after the accident. Based on the repair invoices provided by the vehicle owner and the assessment report, the insurance company will proceed with the corresponding compensation.
When your car is declared a total loss after an accident, stay calm and don't panic. Based on my previous experience, the insurance company quickly sent an appraiser to inspect the vehicle on-site and sign documents. After confirming the total loss, they'll negotiate the compensation amount with you based on the vehicle's salvage value and insurance policy terms. Next, they'll handle the vehicle disposal – typically arranging for a towing company to take it away. Some vehicles may be auctioned or scrapped, saving you the hassle. Don't forget to cancel the license plate and vehicle registration, which is crucial to avoid future troubles or complications when purchasing another car. After receiving the compensation, you can consider buying a new or used car. The entire process usually takes about one to two weeks – just make sure to keep all evidence properly preserved.
