What is the Total Loss?

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PostPosted: Thu May 05, 2011 6:45 am   Post subject: What is the Total Loss?  

I would like to know>

What is the Total Loss?

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BellyAdams
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PostPosted: Fri May 06, 2011 8:55 pm   Post subject:   

It depends on your states definition of "total loss". For general purposes a vehicle is total lossed when the repair value exceeds a certain amount relative to the value of the car. Usually, if the repair costs exceed 75% of the fair market value of the vehicle it is usually a total loss.
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PostPosted: Sun May 08, 2011 7:38 pm   Post subject:   

Thanks for help.
BellyAdams
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