How is a vehicle s Salvage Value determined? #buy #salvage #cars #from #insurance #companies

Posted On Sep 9 2017 by

# How do car insurance companies determine a car s salvage value? Whenever a vehicle is severely damaged an auto insurance company may need to declare it a total loss. This occurs whenever the car sustains so much damage that it would not be economical to repair it. For valuable vehicles, this usually means substantial or irreparable body damage. For older-model vehicles, however, this damage can be very minor. A vehicle over 10 years old may sustain minor cosmetic damage and be considered a total loss as the repairs will cost more than the car is worth. Once a vehicles …