Was Your Car Totaled In an Accident? Have You Suffered A Total Loss?
ATTN: All Drivers. If you have owned or leased a vehicle that was totaled while covered under an auto insurance policy within the last 5 years, we have some good news!
If your insurance company covered the value of the car after your accident, but not the sales tax and other fees, you are likely eligible to receive compensation. A recent investigation has uncovered that insurance companies may not be reimbursing their policyholders for the full value of their total loss vehicle.
Total loss car accident class action lawsuits filed against insurance providers claim that the companies violate certain contracts by failing to reimburse policyholders for sales tax, title transfer fees, tag transfer fees, and many other fees after a total loss car accident.
Consumers taking action against insurance companies argue that they are owed hundreds to thousands of dollars. Numerous Class Action claims have been filed against popular insurance companies, but other insurance companies may also be guilty of underpaying their policyholders following a total loss car accident.
If you were insured under an auto insurance policy, experienced a total loss car accident, and were not reimbursed for sales tax and other fees by your insurance company in the last 5 years, you may qualify to join a total loss car accident class action lawsuit investigation.
What is a Total Loss Car Accident?
After a car accident, insurance adjusters investigate the crash and the damage left on the vehicle, making a determination regarding reimbursement. If the insurance adjuster finds that the loss of value or repair cost exceeds the insured value, the insurance company may deem the vehicle a total loss or totaled.
After this price is determined, policyholders are often offered the fair market value of the car as of the day of the accident.
Total Loss Car Accident Lawsuit Investigation
In recent history, there have been several total loss class actions filed against GEICO, alleging that the insurance company fails to pay costs associated with a car accident total loss including sales tax and title transfer fees.
Plaintiffs in these lawsuits claim that costs such as sales tax and title transfer fees are included in GEICO insurance policies, and that failure to pay these costs is a breach of contract.
The total loss car accident class action lawsuits argue that sales tax and other fees “are components of ‘actual cash value’ under the policy.” Policyholders continue to argue that costs such as sales tax and title fees are mandatory when purchasing or leasing a replacement vehicle to replace a total loss vehicle.
Furthermore, sales tax varies, depending on each state, but can be hundreds to thousands of dollars. Adding fees to this total means that the lack of reimbursement can cause significant financial strain on policyholders.
If Affected, Contact a Total Loss Car Accident Lawyer Today
If you were not compensated for sales tax and other fees by your insurance company after experiencing a car accident total loss in the last 5 years, fear not! Our friends at Shamis & Gentile, P.A. are on the case.
If your claims match up to the aforementioned information, you may qualify to join a Free Total Loss Car Accident class action lawsuit investigation. Contact a total loss car accident lawyer at Shamis & Gentile, P.A. today!
Editor’s Note on the Total Loss Car Accident Class Action Lawsuit Investigation:
This piece is written about a recent investigation into a potential Total Loss Car Accident Lawsuit. For more information, please shoot us an email to Outreach@ConsiderTheConsumer.com, find us on Twitter, Facebook, Instagram, LinkedIn, or even connect with us directly on our website! We look forward to hearing from all of you. Please note that this investigation piece has been sponsored by Shamis & Gentile and Consider The Consumer has received compensation for such sponsorship.
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