Who Handles the Vehicle After It Is Declared a Total Loss?
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After a vehicle is declared a total loss, the insurance company handles the vehicle if it is covered by insurance. Below is an introduction to auto insurance: 1. Introduction: Motor vehicle insurance is a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. 2. Coverage: The policyholders are primarily legal entities and individuals who own various types of motor vehicles; the insured objects mainly include various types of automobiles, but also specialized vehicles such as electric cars, battery-powered vehicles, and motorcycles. 3. Definition: Auto insurance, also known as motor vehicle insurance, refers to a commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles.