Insurers use the "Blue Book" value, and factor in mileage and any previous damage, etc. Just as if it were a "trade in".
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
The insurance company will pay you the worth of your car minus your deductible.
A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is totaled.
That depends on what the car is and how much the insurance values it at.
be quiet
check: KBB.com, NADA.com,
That depends on how much damage has been done to the car.
You bid on it just like the salvage yards. High bidder wins the car.
Scrap value for a complete vehicle in CT goes for $300.
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There isn't a set rate on this. The insurance company will first examine to see if the accident in which your vehicle was totaled was done in a manner which voided your policy. Then, the analysis will be made based on the vehicle's value, and the extent of your policy.
If it cannot be repaired or not worth it to do so, the insurance company will pay the value of the car and depending on the current market value of the vehicle. If you owe money on the car the lender will be paid off first and you may get the remainder.