Originally Posted by
PoorBoyBrian
sorry but you are incorrect. it is 75-80% (depending on insurance company) of the value of the car before it is considered a total.
Nope, you are wrong and I am right.
It does vary, but a car can be totalled out when repair costs are as low as 50% of repair costs. Read the article I linked from the experts at edmunds if you don't believe me though.
Originally Posted by Edmunds.com
However, given the sizable expense of fixing a damaged car, compensating you for lost resale value, rental car costs and so on, it's easy to understand why insurance companies often throw up their hands long before the repair bill exceeds the car's ACV. For example, some companies consider a wrecked vehicle a total loss when the total cost to repair it exceeds just 51 percent of the vehicle's ACV. Others don't give up until the repair bill hits the 80-percent mark.
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2004 S60R - 350+ HP, AWD, Custom FMIC & Exhaust, Active Suspension & A Big Set Of Brembos
Crazy Camber, Stretch & Poke; its the new triple-stack-bleacher-wing ricer fad that's all the rage nowadays, lol
Last edited by S60R; Apr 27, 2010 at 08:50 PM.