HOW DOES AN INSURANCE COMPANY ARRIVE AT THE VALUE OF A “TOTALED” CAR?
Each state sets its own rules on determining the value of a totaled car. Each insurance company must use legislative guidelines of its individual state in order to determine the value of the totaled car. Frequently, the guidelines refer to book values of the vehicles. If that is the case in your state, your attorney can refer you to the “book” that sets the value.
