A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is totaled.
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
What. Why would you think this is required? An insurance company will not find you a new vehicle is your is totaled, they will pay you the actual cash value of the vehicle you had.
get a good job............you will (assuming you are at fault for this loss) be require to pay for the totaled vehicle.........
can be done by insurance company at time it is totaled out by them
'ticketed' really doesn't matter.........what matters is who is responsible or liable for the loss...........and no they do not have to 'replace' your totaled vehicle they owe you the acv (actual cash value) of your vehicle........
Once a car is totaled it is gone. Usually the insurance company takes the car for them to sell and get some extra money and if it is claimed as a totaled vehicle I would not recommend driving it on the street where you can hurt yourself or someone else.
most time if the car was in an accident and is totaled you will have to by it back from your insurance company
It will pay the sum your vehicle is worth according to BLUE BOOK
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
If she was driving your vehicle, with your premission, it would fall under your insurance and they would have to pay for the other drivers vehicle
In some cases you can buy your car back from the insurance company or from the scrapyard if the vehicle is totaled. You will need to check your insurance policy to see what type of stance they take on this purchase.