What Value Does An Insurance Company Use To Total A Car?
- 14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482An insurance company will in general utilize various tools to determine the value of a car to see if it will be determined to be a total loss. In many cases, Kelly Blue Book or NADA seem to be the most common authoritative resources that are used to determine a car's value. One other general rule of thumb is that if the cost to repair reaches 70% of that book value, it is likely to be totalled.Answered on March 17, 2014flag this answer
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