Under M.S.A. § 168A.151(b)(c)(3) in Minnesota, the state requires that a late model vehicle (one newer than 6 years old) or a high value vehicle (one priced over $5,000) must be declared a total ...

Your car may be considered a total loss, or “totaled,” when the cost of repairing damage is greater than a percentage of its actual cash value (ACV).

When insurance companies and repair shops can’t agree, it’s often the driver who loses. And as a key consumer protection ...

In most total loss situations, the insurer retains control of the vehicle and usually partners with a salvage yard, which purchases the salvage. The salvage yard then decides what happens to the ...

CENTREVILLE, Va., April 3, 2025 /PRNewswire/ -- CARFAX, a leader in vehicle history and valuation, announced today the enhancement of its Total Loss Valuation Report to include automated ...

Vehicle theft: Between 2:55 a.m. and 5:45 a.m., someone stole a vehicle parked in the 12000 block of Cambridge Drive for a total loss valued at approximately $80,000.

Even if your client’s vehicle is a total write-off, they still may be able to keep it, Mitch Insurance claims specialist Jesica Ryzynski tells Canadian Underwriter. Through an option known as an ...