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It depends on the adjuster. Most companies have a percentage chart set up, like if repairs are over 80% of what the car is worth then they will total it out. I have seen a few cases though where the adjuster has gone way over the amount of the vehicle to have it repaired.

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โˆ™ 2006-04-19 22:11:39
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Q: How much damage has to occur before a insurance company declare the vehicle a complete loss?
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Why would an insurance company declare a vehicle totaled?

An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.


How do you declare the title of a vehicle you own as salvage?

can be done by insurance company at time it is totaled out by them


Can a request be made to an accident repair shop to declare a car totaled?

Ultimately, the decision to declare a vehicle a total loss belongs to the insurance company. If the insurance company is unable to have one of their own adjusters look at the vehicle, they will usually hire an independent. The repair shop can write an estimate and take pictures, but the insurance company will decide (based on state law and their own policies) whether or not the vehicle is a total loss.


How can I get my company vehicle insured in Montana?

You can get company vehicle insurance at www.iaai.com.


Do I have to provide insurance for my company vehicle?

Unless you're the company owner, you generally don't need to provide insurance for a company vehicle.


How much is insurance for a company vehicle?

The cost for insurance will be determined by the location of the vehicle as well as the type of vehicle.


Can my license be suspended for not paying insuranc I placed on someone elses vehicle?

In most states an insurance company must report to the DMV of your state that your insurance is been canceled. This often results in your state suspending your drivers license unless you can prove that you do not have a vehicle, and that the reason your insurance was canceled was because you no longer have a vehicle. The license plate that was obtained for the vehicle must be returned to the DMV. If insurance was purchased for the vehicle from another insurance company, then you must provide proof that you have insurance from the new insurance company. If the actual owner of the vehicle bought insurance from another insurance company, then this should be easy to prove.


What are car insurance auctions?

If you wreck your vehicle, the insurance company pays you off and you give them the title for the vehicle. The insurance company then turns around and sends the vehicle to an auction (usually for dealers and wholesalers only) and sell it. Most of the time a salvage company will buy the car for parts and the insurance company can recoup some of their money.


What is Progressive Security Insurance Co?

An insurance company that sell vehicle insurance to people.


What insurance companies provide company vehicle insurance in Miami, FL?

It is very important too keep your company vehicle insured. I would suggest contacting AllState insurance for a quote.


When a vehicle has been repossessed and taken to the auction does Honda carry insurance on it?

Not only does Honda have insurance on the vehicle, so does the repossession company, the storage company, the transport company, and the aution agency.


I have lost my insurance company documents and cannot remember the name of the company?

I have lost my insurance documents for my vehicle and cannot remember the name of the company how can i find out the insurance company name.


What do you do if you are uninsured and rear ended by a company vehicle and the driver does not want to contact their insurance company?

Call the police and/or the company that owns the vehicle


Will progressive insurance pay for an uninsured vehicle if the at fault vehicle was insured by them?

The insurance status of the victim's vehicle is irrelevant. The at-fault insurance company will pay for your damages whether your car is insured or not.


Does your company have to provide car insurance on your vehicle if you are driving it on company time and for business?

NO


Can you sign a waiver stating that your auto insurance will be responsible for you while you are a passenger in a company vehicle and do you need the permission of your insurance company to do that?

If you have liability insurance your insurance should cover you while driving another vehicle with permission of the owner. The problem with a company truck is the limit of liability you might have to have.


Can you drive a new vehicle if your old vehicle insurance with out switching it over?

No. You need to contact your insurance company. they are not all the same. Most insurance companies will give you a short grace period in which to notify them of a vehicle change such as a trade in situation. If it's an additional vehicle you have acquired, there would be no coverage until you have contacted your insurance company.


Can Motor vehicle release your auto insurance information to another insurance company?

Yes.


Where can I find vehicle insurance for my small company?

www.progressive.com and www.esurance.com will both give you competing rates for insurance for your small company.


What would be the best imported car insurance to get on a new vehicle?

The best imported car insurance on a new vehicle would definitely be from a company like State Farm or Allstate Insurance Company. Reputable companies.


Can coverage on a non-owners auto insurance policy be extended to a company car that I drive?

No, Non Owners often referred to as Named Driver insurance never covers a company vehicle. It is the responsibility of your company to provide insurance for it's employees when driving a company vehicle.


Can reposession company file a claim with your car insurance company to fix preexisting damage?

If your lien holder repo's your vehicle, they can file a claim against your insurance for damage to the vehicle. The repo company itself would have no claim, because it's not their vehicle.


What do you do if it costs more to fix a wrecked automobile than the vehicle is worth?

If you have physical damage coverage on your policy and the cost to repair the vehicle is more than the value of the vehicle then the insurance company will total the vehicle. In the case of a total loss, the insurance company will pay you the actual cash value of the vehicle less any deductible you have. On all insurance policies, where you have physical damage coverage, the insurance company has the option to repair the vehicle, pay the actual cash value of the vehicle, or replace the vehicle. Companies never replace the vehicle.


Will insurance cover on a company vehicle?

If your question concerns liability insurance, ordinarily, liability insurance on a company vehicle will apply to you if you are endorsed as an authorized driver of the car and if you are driving it on a company mission.


What is subrogatable mean?

it means "are the loss payments my insurance company made on my vehicle recoverable from the other insurance company?" If something is subrogatable, it means it is leagally recoverable from someone else. In insurance, if you are in an accident and not at fault, your insurance company has the right to subrogate against the other insurance carrier to recoup the money they paid out to fix your vehicle.