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 ...

As it currently stands, just over half of U.S. states define the threshold for a total loss as below the car's ACV, some even setting it as low as 60%. In practice, ...

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

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 ...

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 ...

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 ...