Crashed your car? Bummer. Even worse is getting a call from your auto insurance company saying it's a total loss and should go to the junkyard.
Your attachment to your vehicle may be sentimental. In some cases, your bond may be financial: You may not be able to replace the totaled car with the money your insurance company is willing to pay.
Typically, cars are totaled when damage exceeds 65% or 70% of the vehicle's market value. Rick Ward, the director of auto claims for MetLife Auto and Home, says the standard for deciding when a car is a total loss varies by company and may be set by state regulators.
What should I expect from car insurance for a totaled car?
Sometimes a car accident is so damaging that the car is totaled leading you to ask, what should I expect from car insurance for a totaled car? According to the terms of your insurance policy, if you have physical damage coverage on your vehicle, your insurance company will write you a check for the actual value of your vehicle.