Your Rights if Your Car Is a Total Loss
My car is a total loss because of an accident I had with a careless driver. His insurance company has only offered to pay me the fair market value of my car. Do I have any other rights?
Yes. In addition to paying you the fair market value of your car, the insurance company must pay the towing and storage fee at the salvage yard. It must also reimburse you for the sales tax you will have to pay to get another car of similar value as well as for the cost of the new license plates and title. The sales tax is 6.25%. Getting new license plates will cost $60.00 to $70.00 and transferring title to another car into your name will cost $28.00.
**The information provided on this website is for general informational purposes only. It should not be relied upon or considered as legal advice or guidance in a particular situation. If you need legal advice or guidance in a specific situation, you should consult with an appropriate attorney.
For a free, immediate attorney review of your case, contact us using the form below or call us at (903) 597-6000.
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