how much before it totaled (full coverage)
Hotshot
Joined: Dec 2003
Posts: 18,423
Likes: 9
From: iowa
Well when I went through an issue with the insurance company once, they told me how they figured totalled or not, it works like this. Take the current blue book value of your vehicle, minus the damages, minus salvage value, if it's still in the positive then it's not totalled. Or look at it this way (just reverse math) if the damage, and the salvage value equal or exceed blue book value it's totalled.
Senior User
Joined: May 2006
Posts: 218
Likes: 0
When a vehicle is "totaled" by an insurance company, they don't automatically take ownership of the vehicle. The "total" is just a measuring stick for them to either pay for the actual work to fix it or to simply pay you an amount based on its value before the wreck. Either way it is still legally your car.
I've gone through it both ways. Once I kept my 1967 Cougar and fixed it up myself - it was "totaled". A few years ago my wife totaled her Honda. Did a darn good job of it to. It was totalled and I couldn't wait to sign over the pink on it so I wouldn't have to worry about disposing it.
I've gone through it both ways. Once I kept my 1967 Cougar and fixed it up myself - it was "totaled". A few years ago my wife totaled her Honda. Did a darn good job of it to. It was totalled and I couldn't wait to sign over the pink on it so I wouldn't have to worry about disposing it.
