Why does your car get totaled even when it looks fixable? It all comes down to numbers—not just damage.
In this video, we break down what really happens when a vehicle is declared a total loss by your insurance company. You might think it’s based on how wrecked it looks, but it’s actually based on repair cost vs. vehicle value. If the repair estimate comes close to or exceeds the car’s actual cash value (ACV) or crosses a total loss threshold, insurance companies will mark it as totaled—even if the car could technically be fixed.
If you’ve ever wondered why your insurance won’t pay to fix your car—watch this.
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At what percentage of the repairs in comparison to the total value of the car it's legally considered a total loss of a car? and who decides that percentage to be legal? Is it the law of the state that you live in?
I never do a small scratch could total a car damn
Isn’t there a way a person can pay more for insurance to insure the vehicle with the purchase price?! Say someone buys a used car because they just like it and restore it to new condition; ex., they put thousands into it! Why can’t they pay extra for an insurance plan that treats the car like jewelry?! There has got to be an insurance company that would want this business! Some People put a lot of $ into customizing there cars or restoring classics!
What if the bumper has a dent, how much would it cost? 2012-2015 Chevy Tahoe
This is good to know!
no shit