For most of us, cars and automobiles are an average part of everyday life, and we tend to take every uneventful trip for granted. When an accident happens, the consequences can be life-changing, and they may result in serious injury or even death.

If you are involved in an auto accident, it is important that you are able to access the support you require and deserve. Here at Grafe & Batchelor, P.C., we are criminal defense attorneys who have the skills and experience you need to take your case all the way to the top.

What Is Considered A Total Loss in Missouri?

In order for your vehicle to be deemed a total loss, one clear concept must be met: the cost to fix any damages must exceed the value of the car itself – the ‘Actual Cash Value’ or ACV. Insurers will use a simple formula – the Total Loss Threshold. This consists of the Total Loss Ratio (the cost of any repairs/actual cash value) plus the Salvage Value. If both of these figures combined exceed the actual cash value of the vehicle, and the loss ratio exceeds the established state percentage = 80% for Missouri – it is considered to be a total loss.

How Is A Fair Settlement Decided In A Total Loss Car Accident?

One of the most common issues faced by motorists is insurance companies undervaluing their car. This can reduce the payout which is offered and can leave vehicle owners in a difficult situation, where their car is written off, but the amount offered is insufficient for repairs.