Totaled Vehicle: What Does This Mean?
Totaled—What Does It Mean?
In general, a vehicle is considered to be totaled after an insurance assessment. If the adjuster finds the cost of repair to be higher than the actual cash value of the vehicle, it’s totaled. Basically, if the repairs cost more than it would be to buy another one, it’s a total loss. In the year 2000, roughly 9 percent of all vehicles involved in a collision were totaled. This number has almost doubled over the last 17 years.
There are times that the vehicle’s ACV is higher than the amount we could fix your vehicle for and your insurance will still choose to call it a loss. For example, if your vehicle is worth 5k and the repairs will cost 4k, the insurance company may choose to total it anyway.
Vehicles with structural damage such as a bent frame are often totaled even though they seem fine. Those that have been stolen and then recovered are often considered a loss as well. Ones that have survived a natural disaster might also be considered a total loss even if it seems the cars could be easily repaired.
Rebuilt vehicles are still required to meet safety standards. All reconstructed cars or trucks MUST pass an inspection before the Arizona DOT will issue a rebuilt title or register it. This makes it so important to choose a qualified auto body shop. One that will make sure repairs will be able to pass the test. Although we can’t make the insurance adjuster’s decision on totaling the car or not, we can make the repairs for you if that is what you choose.
If you are involved in a collision and choose to repair your vehicle, give Orlando Auto Body the opportunity to make the process as smooth as possible by calling 480-418-4737 for an estimate.