 |
At what ratio between auto value and the repair estimate do insurance company total out a vehicle?In: Auto Insurance |
[Edit] |
[Edit] 
Total Loss Ratio
Usually if the repair bill meets or exceeds 70% of the cars book value, the insurance company will usually opt to total the car and pay it off. If your car is worth $10,000 and the bill is $7,000, you'll probably get the $10,000 minus any applicable deductibles and other fees.
First answer by Mothra820. Last edit by Mothra820. Contributor trust: 355 [recommend contributor]. Question popularity: 12 [recommend question]
|
Research your answer: |
Can you answer other
questions about auto insurance?
- And vehicle 2 is on street and is not entirely in parking lot when it swings in the lot and is half way in street half way on postal property when it rearends vehicle 1 who pays?
- Can you add a child to your car insurance policy if they do not live with you?
- Can you continue to cover a child on car insurance once they are married?
- What are emotional questions I can ask regarding car insurance?
Answers.com > Wiki Answers > Categories > Business and Finance > Insurance > Auto Insurance > At what ratio between auto value and the repair estimate do insurance company total out a vehicle?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
Auto repair time estimate? Is insurance company's estimate for repair legal? When car insurance total estimate what value do they go by? Can you make an insurance company total your vehicle if it is brand new? You would like to know if the State department of auto Insurance controls how a Insurance company decides the value of a vehile that has been a total loss? What is the ratio between auto value and the repair estimate do insurance company total out a vehicle?
