FAQS

 A total loss occurs when repairing damaged property or vehicle costs more than its current value. In such cases, insurers typically pay the depreciated value of the property, called the Actual Cash Value (ACV), which factors in depreciation, mileage, and wear and tear. 

 This refers to the aspect of an auto insurance policy that deals with total loss situations. Comprehensive and collision coverages typically handle total loss claims, compensating the policyholder based on the vehicle's ACV. As mentioned earlier, GAP insurance can be added to cover any shortfall between the ACV and the remaining loan balance. https://en.wikipedia.org/wiki/Vehicle_insurance?utm_source=chatgpt.com

 In California, if a vehicle is declared a total loss, the insurer is required to pay the claimant the actual cash value of the vehicle. The state mandates that insurers use a fair and equitable method to determine this value, considering factors such as the vehicle's condition, mileage, and comparable sales in the local market.

 Yes, in many states, including California, insurance companies are required to report total loss vehicles to the Department of Motor Vehicles (DMV). This leads to the issuance of a salvage title, which becomes part of the vehicle's history and can affect its resale value. 

 To file a claim with Progressive, policyholders can call their dedicated claims line at 1-800-776-4737. This line is available 24/7 to assist with reporting accidents and initiating the claims process.