cheshiremaserati
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If repairs exceed around 60% of the valuation, most insurers will deem it to be a total loss. This is another reason I have both my cars on 'agreed valuation' policies as the valuations are higher than 'market valuations' thus raising the threshold before triggering a total loss decision.
It should be noted that if an owner elects to retain the salvage car, the total loss payment is reduced by 20% to 30%. This is possibly because they lose the sale to scrap yard such as Copart for the wreck.
Putting a Cat X car back on the road is for each owner to decide.
It should be noted that if an owner elects to retain the salvage car, the total loss payment is reduced by 20% to 30%. This is possibly because they lose the sale to scrap yard such as Copart for the wreck.
Putting a Cat X car back on the road is for each owner to decide.