How is the value of my car determined in case of a total loss?

The value of your car in the event of a total loss is typically determined by assessing its Actual Cash Value (ACV).

Insurers consider various factors including your car's age, mileage, condition before the incident, and local market values of similar vehicles.

They might also consider depreciation and any pre-existing damage. Additionally, insurers might reference sources like valuation guides or recent sales data of comparable vehicles to arrive at a fair settlement offer for your totaled car.

It's advisable to review your policy and negotiate if you believe the offered amount doesn't accurately reflect the value of your vehicle.