What steps must the insurance company take in covering the cost of my totaled vehicle?

According to Minnesota Statute 72A.201 subdivision 6, if your vehicle is sufficiently damaged in a car crash in Minnesota, and if the automobile insurance policy provides for the adjustment and settlement of an automobile "total loss" on the basis of actual cash value or replacement with "like kind" and quality, then the insurance company must offer a comparable and available replacement automobile or a cash settlement based upon the actual cost of purchase of a comparable automobile.

If a comparable automobile is not available in the local market area, the insurance company must obtain one or two or more quotations obtained from two or more qualified sources located within the local market area. The insured (you) should be provided the information contained in all price quotes prior to settlement.

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