Claiming in your Car Insurance
The car insurance company may decide your car is totaled. In insurance lingo, "totaled" means the car's market value, after the deductible, is less than the restoration costs. In other words, it would theoretically have cost less to buy the exact same car of the same age than to repair your car. The insurance will just pay you the value of the car rather than pay for repairs.
If your car was in exceptional condition prior to the accident, provide whatever documentation you can to support that fact. Otherwise, the totaled car will be valued as if it were only in average condition.
Deep inside the matters of car insurance
When you drive someone else’s car the 'driving other cars' extension in your insurance policy gives you the most basic insurance cover allowed by law. This is called Road Traffic Act cover, which is even less than third-party only insurance. The point is, if you have an expensive accident whilst driving someone else's car, you may end up being liable for part of the other party's claim!
Reducing your car insurance premiums
Many different factors can affect your car insurance. Of course you can also use some of these variables to reduce your car insurance premiums with a little planning. Read on.
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