How Insurance Companies Determine if a Car is Totaled in 2025 (6 Simple Steps)
How insurance companies determine if a car is totaled involves evaluating factors like the vehicle’s actual cash value (ACV), repair costs, and age. Insurers typically declare a car totaled if the repair costs exceed 70-80% of its ACV. This decision plays a crucial role in the payout process, as policyholders may receive either the car’s…
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