What % to be totaled in RI?
Thread Starter
Registered Driver
Joined: Aug 2004
Posts: 2,493
Likes: 3
From: Bristol, Rhode Island
What % to be totaled in RI?
Just wondering what % of the (what) price the damage/labor cost has to come to in order for a car to be totaled.
80% of private party value?
80% of retail value?
Different percents, and how is the value best determined?
There is a pretty good amount of damage to my car, and having bought it for only $6000, I'm curious.
80% of private party value?
80% of retail value?
Different percents, and how is the value best determined?
There is a pretty good amount of damage to my car, and having bought it for only $6000, I'm curious.
Senior Moderator
Joined: Aug 2002
Posts: 35,218
Likes: 15
From: Swansea, MA
from: http://finance.yahoo.com/insurance/a...otals_Your_Car
I'd say retail, as that's what it would cost for you to buy another one 
Bob Hunter of the Consumer Federation of America says, you're supposed to be "made whole" by your insurer. "You should be put back into relatively the same spot that you were before the accident"
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