• Georgia Accidents & Injuries
• Georgia Boating Law
• Georgia Criminal Defense
• Georgia DUI
• Georgia Safety Ideas

• Plaintiff’s Personal Injury Law
• DUI Arrest Defense Attorneys
• Criminal Defense Attorneys
• Divorce and Family Law
• Wills, Estate Planning and Georgia Probate
• Business Law and Business Litigation Attorneys
• Landlord Tenant Lawyer
• Eminent Domain, Condemnation

Car Totaled in a Georgia Accident: What is the Fair Market Value?

View More Accident Articles

A “totaled” vehicle means that the cost of the repair exceeds the value of the car at the time of the accident. If a vehicle has been deemed a total loss, the value of the vehicle is the Fair Market Value of the car at the time of the collision.

If your car has been totaled, the insurance compnay needs to pay both the fair market value of the car and the tax, tag, and title. These are costs that you pay when you buy the car.

Many times, insurance companies will make a “lowball” first offer and therefore it is very important to arm yourself with facts. There are many sources you can use to find the fair market value of your car. You or your Georgia Auto Accident Attorneyshould check several of these sources to ensure that what is being offered by the insurance company to settle your claim is a fair amount.

If you or a loved one is injured in a traffic accident due to another driver’s carelessness, please Call or Email a Gainesville Georgia Car Accident Lawyer at Breakfield & Associates, Attorneys for a free consultation.

About the authors: John Breakfield and David Purvis are attorneys with Breakfield & Associates, Attorneys in Gainesville, Georgia and handle Accident & Injury matters regarding those injured by people and companies who needlessly ignore safety rules.  The law office of Breakfield & Associates, Attorneys can assist clients throughout Georgia including: Hall County (Gainesville, Oakwood, Flowery Branch), Fulton County (Roswell), Jackson County (Braselton, Commerce, Hoschton, Jefferson, Pendergrass), White County (Cleveland), Lumpkin County (Dahlonega), Barrow County (Auburn, Bethlehem, Braselton, Carl, Statham, Winder), Gwinnett County (Buford, Sugar Hill, Lawrenceville), Dawson County (Dawsonville), and surrounding counties in Georgia.

This article and video should not be considered nor relied upon as legal advice since it is only intended for general overview and informational purposes. Please consult with an attorney on your specific situation in order to determine an appropriate legal course of action.

Back to Articles