What percent of the value of the car is it before they total it?
2006-08-24 12:11:15 · 12 answers · asked by Elliemay 1 in Cars & Transportation ➔ Insurance & Registration
all of it
2006-08-24 12:13:27 · answer #1 · answered by greenfrogs 7 · 0⤊ 0⤋
Every state is different. My state declares a vehicle a total loss if cost to repair meets or exceeds 75% of the market value of the vehicle. Some states are less, some more. Note: estimates are NOT $2,500.00 to $3,000.00. A claims appraiser will estimate visible damages to the penny. Michael C is correct in that you don't have to accept the offer, but he is dead wrong about everything else. No company is going to circumvent state law for any reason. Just be sure your values are correct and estimate for repairs are as close as possible.
2006-08-24 14:41:20 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Usually if it's anywhere between 75% to 80% of the value they will consider it a total. That's pretty close. Keep an eye out for a replacement vehicle.
2006-08-24 12:37:02 · answer #3 · answered by Chris 5 · 0⤊ 0⤋
If the total amount of the damage is equal to or greater then 75 percent of the value of your car, then yes it is totaled.
2006-08-24 12:14:25 · answer #4 · answered by HULK RULES!! 7 · 0⤊ 0⤋
It is a claims agents job to keep any car from being 'TOTALLED'
You CAN refuse their offer, and say that it is UNACCEPTABLE! I'd find the most expensive body shop w/ the best reputation and see if they thought it was reparable. See if your state also has a clause that forces them to pay "Loss of Value". B/c when you go to sell the car in the future, it will be Carfaxed as a Heavily damaged in collision vehicle, and NOONE will buy it!
2006-08-24 13:46:47 · answer #5 · answered by mYkuL C 2 · 0⤊ 0⤋
Normally if it is greater than 50% they usually start using the word "totaled". This can vary depending on your insurer and the state where you live. I'd check with your insurer to be sure, but it sounds to me like she's totaled, unless there's something special about the car that would make it worth more than the $4100 figure.
Hope this helped.
2006-08-24 12:17:19 · answer #6 · answered by answerman63 5 · 0⤊ 0⤋
yes. if the insurance adjuster can find the car for less than what it cost to repair the vechile the car is totaled.
Little known fact is the insurance adjuster can write off up to 4000 dollars usually without management approval. After 4000 dollars they need to get it approved by the manager of the department.
2006-08-24 13:20:47 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It depends on your insurance company. My insurance will total a vehicle if the damage meets or exceeds 80% of the cars value. Possibly the insurance website will be able to tell you their criteria.
2006-08-24 12:15:54 · answer #8 · answered by mlc24_1980 3 · 0⤊ 0⤋
If the repair is over 75% of the cars Value.
2006-08-24 12:19:15 · answer #9 · answered by fem40_98 4 · 0⤊ 0⤋
Nobody here can answer this question. It depends on the insurance company. Some will consider it totaled at as little as 51%, others will go as high as 80%. So...call your agent.
2006-08-24 12:16:12 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Depends on what state you're in. You're looking at less than 75%, so unless they find more damage when they take it apart, it's probably not totalled.
2006-08-24 16:56:10 · answer #11 · answered by Anonymous 7 · 0⤊ 0⤋