Question

 What is the definition of a totaled car?

Answer 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

Top Q&A For: What is the definition of a totaled car

The Insurance Definition of Totaled?

Some people think that a car has to be completely crushed for insurance companies to consider it "totaled." The truth is that a car is totaled when it has any damage that would cost more to fix tha... Read More »
http://www.ehow.com/facts_6823377_insurance-definition-totaled.html

What determines a car to be totaled?

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

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

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


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