by brookashleycharles » Sat Mar 03, 2012 10:12 am
I have a vehicle that has went over 85 percent in damages. I was wondering if there was a law that could help me not accepting this car back because it's went to in value after repairs.
Posted: Sat Mar 03, 2012 10:38 am Post Subject:
State laws, perhaps.... but it's unknown as you did not mention the state.
Posted: Sat Mar 03, 2012 04:17 pm Post Subject:
Roughly speaking, the insurer would consider the vehicle to be a total loss in case the repair or replacement cost of the damaged vehicle is greater than 75% of the vehicle's market value. Again, everything depends on the threshold percentage set by state law.
Posted: Tue Mar 06, 2012 03:38 pm Post Subject:
OP's "subject line" indicate Mississippi.
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