AI DamageVideo guide · 00:28
A total loss at 60%? What total loss, salvage and rebuilt mean
Subtitles: voice-over text.
The insurer declares a total loss when the repair costs more than a threshold set against the market price. The threshold depends on the state. Salvage is not scrap metal, and rebuilt is not a fresh history.
In short
- A total loss is the insurer's decision about the economics of the repair, not about the car's condition.
- Salvage changes the price and registration.
- Rebuilt is a former salvage car after repair; the history remains.
Thresholds and registration rules depend on the state and the insurer; check for each specific lot.
Read more in the guideOn-screen text
Text from the checked video frames. The time marks the observed frame, not the exact scene boundary. Translated from Ukrainian.
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Why is this car a total loss? The insurer declares a total loss when the repair costs more than a threshold set against the car's market price. The threshold depends on the state: from sixty to one hundred percent. Salvage is not scrap metal. But the price and registration will be different. And rebuilt is a former salvage car after repair. That does not erase the history. A breakdown of the terms and lots is at vinwind.com.