When an individual’s vehicle gets totaled in an accident, the insurance company of the party at fault will owe the victim compensation. This compensation will amount to the value of the vehicle at the time of the collision. It is important to distinguish between what the owner actually owes on the vehicle and what the value of the vehicle is at the time of the collision. This should occur before the insurance company pays for the value of the vehicle. Typically, the insurance company will also owe the victim a rental vehicle. This allows the individual to get around until the insurance company can handle the total loss value of the vehicle.
If your vehicle was totaled due to the negligence of another party, you may want to schedule a consultation with the experienced Maryland accident attorneys at Timian & Fawcett, LLC. Contact our firm today to schedule a consultation so we can discuss your case.