Economic Advice: 4 Strategies For Bouncing Back From A Totaled Car
Totaling a car can cause many problems. On top of all the health issues you might suffer, you’re now dealing with the economic necessity of replacing a car. The four strategies below can help you bounce back after a totaled car.
Talk To A Lawyer
If the accident wasn’t your fault, the best way to get back on your feet will be to make the other side pay for you to do so. This means talking to an attorney so you have someone on your side when the insurance company calls.
While the other side might want to keep lawyers out of it, getting a professional’s help is in your best interest. If you’re fortunate, you can come to an agreement that will get you back on the road faster.
Take A Defensive Driving Course
An unfortunate side effect of having a totaled car might be watching your insurance rates go up. One possible way to get your insurance rates to go down—and to help you deal with psychological issues from the wreck—is taking a defensive driving course.
Not only will your insurance company look favorably on your initiative, but you should also learn a few effective driving tips at the same time.
Get Professional Restoration Help
There are certainly different levels of ‘totaled’ when it comes to a vehicle. Despite what your insurance company may tell you, there are ways to salvage all but the most destroyed cars.
Take some time to talk to professionals, like those at Coats Auto Body and Paint, about the possibility of restoring your car. While you might not get the answer you like, you’ll get the peace of mind of knowing what will come next. Once you know the cost of getting your car back on the road, you can make an informed decision.
Start Looking At Replacements
Finally, you’ll want to start looking at a new car. This can be very difficult depending on the other bills you’ve got piling up, so take some time to do the research.
If you’ve got insurance money coming your way, make sure to save it for at least the down payment on the vehicle. It’s unlikely you’ll be able to get precisely what you had before, but you might manage an upgrade if you shop smart and take advantage of a deal.
Totaling your car won’t be the end of your driving career. Talk to professionals about compensation and getting your car fixed, take the steps necessary to get your insurance rates lowered and find a car that suits your finances. With a bit of effort, you can put this incident behind you.
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Category: Family Finances
