Question:
It was an '03 with about 84,000 miles on it and blue booked at $14,000-$15,000. The insurance company did there first estatmite for repairs on it for $9,700. Now they're going to do a tare down to see if there is anything else.
Answers:
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75% of the blue book value is a total loss to most ins co.'sYour car is Totalled when you owe less than the cost to reppair it. Or when your frame is bent, Usually the frame bends when hit in the front or side
If your car is worth 14k dollars the damage would need to be more than 14k dollars for it to be totaled...
Or, if the damage can not be repaired, such as when there is serious frame damage.
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All of the answers so far may be true, but the damages don't necessarily have to outweigh the monetary value. Say the gas tank has been damaged; well it's totaled because that's a safety hazard to the occupants. There are various technical reasons that a car would be considered totaled whether or not the damages are more than the value of the vehicle or not.Sorry but you are receiving a lot of bad advice from folks. It would help if we knew what state you are in. MANY states have a requirement that if the damages to a vehicle are over a certain percentage of the value then the vehicle is considered a total loss. I have worked in many states that use 70% as the cutoff.
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For example if your car is valued at $15,000 then 70% of that is $10,500.00 which in your case would make the car a "borderline" total loss. That is why your insurance company is having the body shop do more tear down. They will be looking for hidden damages that would add to the $9700 estimate. It doesn't take much to go from $9700 in damages to $10,500 in damages.
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If you haven't already done so, I would recommend that you ask your adjuster what % makes the car a total loss. You might also want to check with your states Insurance Commissioners Office. The link below is a list of the websites for the Insurance Commissioners office in each state.
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http://64.225.56.152/doi.htm
Good Luck
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