When Is A Vehicle Considered Totaled?


January 9, 2019


When Does An Insurance Carrier Consider A Vehicle Totaled? Vehicles are considered to be “totaled” when the cost to repair the vehicle is higher than the actual cash value (ACV) of the vehicle. Generally, when the following equation > 100%: cost to repair + salvage value / ACV. Check Your State Requirement Will your vehicles […]

The post When Is A Vehicle Considered Totaled? appeared first on EINSURANCE.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *