Insurance Education Hub
Most drivers only learn how total loss settlements work after their vehicle has already been written off. MyPolicium helps explain the process before you are forced to make decisions under pressure.
Educational Tools
Popular Questions Drivers Ask
This tool provides a solid foundational benchmark based on standardized depreciation, mileage, and geographic market health. Actual payouts will fluctuate based on real comparable autos your adjuster finds.
Insurers run detailed property evaluations. They consider pre-loss condition (scratches, interior wear), sub-models/trims, aftermarket additions, and specific dealership replacement data in your local area.
In many situations, yes. The insurer's first offer is an attempt at fair market value, but a valuation can often be reviewed if you have relevant comparables. You can pull comparable listings for identical cars in your area and submit recent maintenance receipts to justify a higher settlement.
We continuously refine our models based on regional trends, depreciation curves, and typical market behavior to ensure our benchmarks remain a reliable educational resource for your research.