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Orlando Accident Lawyer > Blog > Car Accidents > Is My Car Totaled After an Orlando Accident?

Is My Car Totaled After an Orlando Accident?


After a car crash, people are often worried about the damage to their vehicle. If you drive regularly, you likely want to get back to your day-to-day routine as soon as possible. Yet, if there was severe damage to your vehicle, it is possible your car will be a total loss. In other words, the auto insurance company could decide your car is totaled.

Designating car damage as a total loss varies from state to state. In Florida, the threshold to deem a car totaled is 80%. So, if you were in a car crash and the cost of repairing your vehicle would cost 80% or more than the actual value of your car, it is likely the insurance company will declare the car a total loss. If you need help determining your damage recovery options, talk to an experienced Orlando car accident lawyer.

If My Airbags Deployed Is it a Total Loss?

In conversation, you may hear a friend or family member share a story of a car being totaled because airbags deployed in an accident. This is possible, because it can be expensive to repair the damage to the dashboard as a result of the deployed airbags. Also, installing airbag components can be an expensive charge.

But for cars that carry a high cash value, repairs may still be possible. Airbags deploying does not automatically mean a car is a total loss. That said, if the actual cash value of your car is low, then it is more likely that airbag deployment would lead to a totaled car.

Do I Receive the Money If I Still Owe on the Car?

Of course, there are many times when a car is determined to be a total loss but the car is financed, meaning a person has not made their final payment on the vehicle. They still owe funds to a lender or bank. When this is the case, the bank or lender is typically reimbursed first.

Then, the remainder of the loan will need to be assessed. If the car was worth $12,000.00 and you owed $8,000.00, the lender would be paid $8,000.00 and $4,000.00 would be distributed to you. But in some circumstances, the value of the car is less than what is owed. Then, you would be responsible to pay the remainder of the loan, unless you purchased gap insurance, which would cover the remained of the loan.

Discuss your situation with an Orlando car accident lawyer to learn more. Your personal situation, such as how much you like the car or if you can or cannot afford a new one, is not how an auto insurance company assesses the situation. Deciding a car is purely a financial calculation.

Are you fighting with an insurance company about the value of your vehicle following an Orlando car accident? If you have bills, costs, and expenses following an accident, contact the Orlando personal injury attorneys at Israoui Law. You deserve a fair settlement, do not quietly accept a reduced claim when you believe you are entitled to a higher settlement amount. Call 407-381-4529 today. Turn to Israoui Law for the personal attention you deserve.

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