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If your car is declared a total loss how much will the insurance company pay back to you if the car was purchased below book value?
Regardless of what you paid for the vehicle, in most cases,if your vehicle is deemed a total loss, you will be paid the local market value of your vehicle. If you happened to purchase your vehicle for less than that, you lucked out:)
How much damage does it take to total a vehicle?
The older the vehicle, the less the damage. The insurance company makes a judgment in each case as to whether it is cheaper to repair the vehicle or to 'write it off' its books and scrap it.
How old of a car will full coverage cover?
You can technically get full coverage (comp and collision) coverage on any age vehicle, but it is usually not practical to get it on a really old vehicle since if the vehicle is in an accident and is deemed a total loss you will not get very much for the vehicle.
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 is the total no of registered motor vehicle in India in 2009?
What is the total no of registered motor vehicle in Mumbai up-to 2009?
What does it mean to total a vehicle?
When you total a vehicle, it means the car is wresked beyond repair and you cannot drive it again.
What is Borderline total loss?
A total loss is when the cost of repairing the vehicle exceeds a pre-determined percentage of the vehicle's value. For example, if your vehicle is worth $10,000 and the damage exceeds $7,000, your vehicle may be considered a total loss (depending on the state and your insurance company's policy). A borderline total loss would be (in the same example) if the damage to your vehicle is close to, but not quite $7,000.
Should I buy a vehicle that has been deemed a total loss in its vehicle history report?
No!
What are insurance guidelines for totalling a truck after accident?
If the repair cost is higher that the ACV (actual cash value) of the vehicle, then, the vehicle is declared total loss. That is pretty much the only guideline used by Insurance co.
How much does it cost to drive to San Diego?
That would depend on your starting point and the vehicle you are driving. Go to www.mapquest.com and figure the distance. Divide the distance by the MPG the vehicle you are driving gets. This will tell you the total amount of fuel required for the trip. That is just fuel costs and does not include wear and tear on the vehicle, insurance, taxes, and depreciation. A much more accurate measurement of the total cost is around $0.45 per mile driven.
What is it called when a salvaged vehicle was repaired?
AnswerAfter it's Repaired, it's called a " Salvaged Rebuilt Vehicle". before it's repaired it's called a total wrecked vehicle. Most insurers will not provide insurance for a total wrecked vehicle unless proven that the vehicle was prematurely declared a total loss.This would not apply to cars being rebuilt from the ground up, such as classics
How much is tax title and license on a new vehicle in Florida?
it depends on how much the vehicle costs
