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A car is said to be totaled when the cost to repair it just isn t feasible.
Totaled car meaning. Total loss definition a car is considered a total loss if the cost to repair it to its pre accident condition is greater than the car s actual cash value. Totaled synonyms totaled pronunciation totaled translation english dictionary definition of totaled. The term is derived from insurance company terminology that describes damage that cannot be reasonably fixed. The whole amount of something.
Total definition constituting or comprising the whole. The term totaled comes from the insurance term total loss put simply when the cost of repairing a damaged vehicle exceeds the cost or a set percentage of the cost of repairing the vehicle it makes little financial sense to spend the money for. To settle a claim involving a total loss the car insurance company must determine the value of the totaled vehicle in order to settle the policyholder s claim. My car is totaled what does that mean published on september 24th 2010.
A totaled car is a vehicle that would cost the insurance company more to repair than it would to replace entirely. An amount obtained by addition. A totaled car is a vehicle that cannot be repaired legally safely or cost effectively.
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