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What formula is used to determine if a vehicle is a total loss in Texas?
Wiki User
∙ 13y ago
If the cost to repair is more than the vehicle is worth to replace then it is considered totaled.
Wiki User
∙ 13y ago
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What formula is used to determine if a vehicle is a total loss?
Insurance companies will determine that your car is totaled if the cost of the damage approaches or exceeds the car
How do you determine if a vehicle is totaled?
If the repairs of the vehicle exceed the value of the vehicle, then the vehicle is declared total loss.
What basic formula is used to determine the total settlement amount that an insurance company will typically pay for an auto accident claim and bodily injury in Texas?
i=.5r/t, where r = rate, i = insurance, and t = time
How do they determine the amount to pay for a total loss vehicle with a prior salvage title?
Typically the value is 20% of the vehicle's value without salvage.
What is the empty weight of vehicle?
The empty weight of a vehicle is the total weight minus the net weight. This is used to determine the cost of things that pay by weight.
Is there any formula to determine the sum of the vertices?
(number of sides-2)*180 = total sum of interior angles.
Formula to determine ore reserve estimation?
depth*area=volume volume/specific gravity=total tonnage
How do you determine that the department of motor vehicles has issued a salvage title for a vehicle?
As of 2013, the best way to determine if the department of motor vehicles has issued a salvage title for a vehicle is on the title it will state that it is a salvage title. A salvage title is a note that states that the vehicle has been damaged or deemed a total loss.
What is the formula for finding the area of irregular plane figures in mathematics?
There is no such formula. To determine the area of an irregular plane shape split it into known shapes such as rectangles, triangles, segments of a circle etc. Determine the area(s) of each of these and sum the results to find the total area.
Is there a formula the insurance companies use to determine salvage value of your car?
Different insurance companies use different figures to determine whether or not a vehicle is a total loss or not. Usually it is between 70 to 80 percent of the value of the vehicle. There is usually a special total loss adjuster who handles these cases once the normal property damage adjuster has determined it to be a total loss. Within all insurance policies it spells out that your insurance company has the option of paying to repair your vehicle, replace the vehicle, or pay you the actual cash value of the vehicle. All of these cases will be less your deductible of course. If they pay you the full actual cash value of the vehicle then of course the vehicle belongs to them. Sometimes you can buy it back from them if you like. I always recommend that people do not buy the car back because of the issues involved with this. In order to be able to get a tag for it again you will have to repair it completely and it will have to be inspected by the state. After this you will receive a salvage title that shows the new owner and all future owners that it was a total loss at one time. This makes it worth far less than any others if you want to sell it in the future.
What is the financial formula to determine equity multipliers?
The definition of "equity multiplier" is the measure of financial leverage and shows a company's total assets per dollar of stakeholder's equity. It is calculated as: Total Assets divided by Total Stockholder's Equity.
What is the total area of Texas?
Texas has a total area of 268, 581 square miles, according to the Texas Almanac.
