Total Loss Threshold By State 2024
Total Loss Threshold By State 2024. A car is declared a total loss when the cost of repair is more than the state’s set percentage of the car’s actual cash value (acv). Automobile total loss thresholds in….
There are two main ways that total loss is calculated. A car is declared a total loss when the cost of repair is more than the state’s set percentage of the car’s actual cash value (acv).