Question

 What determines a car to be totaled?

Answer In nontechnical language, a car is totaled when wrecked so badly that it is undrivable. Government legislation and the insurance industry both describe a totaled car using dollars.DefinitionBoth th... Read More »
http://www.answerbag.com/q_view/1933522

Top Q&A For: What determines a car to be totaled

What is the definition of a totaled car?

When an automobile suffers excessive damage higher than its replacement cost, the insurance company would choose to pay the fair value than to pay for costly repairs. This is a totaled car. There i... Read More »
http://www.answerbag.com/q_view/1962073

What happens when my car is totaled?

After your car is totaled, the insurance will sell it at a salvage dealer auction. With the title branded as salvage, the salvage dealer may repair and resell the vehicle or sell it for parts. You ... Read More »
http://www.answerbag.com/q_view/1941633

What happens when a car is totaled?

After a car is totaled, the insurance company pays the named insured the fair market value of the vehicle. If there is an outstanding loan, the first payment is to the finance company to settle the... Read More »
http://www.answerbag.com/q_view/1931628

What happens if my financed car is totaled?

If your financed car is totaled, the insurance company will pay the fair market value of the vehicle to your finance company. If the fair market value is below your payoff amount, you will owe the ... Read More »
http://www.answerbag.com/q_view/1929907


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