Under what circumstances can a vehicle be declared a total loss?

[StNatalie]

Vehicle total loss is divided into two situations: one is actual total loss, which means the vehicle is completely destroyed and cannot be repaired. The other is constructive total loss, which means although the vehicle can still be repaired, the repair cost reaches or exceeds the actual value of the vehicle, making the repair worthless and unnecessary, so it can be treated as a total loss. The following is a detailed introduction about it: Deduction for undamaged parts: Only when the damaged vehicle has been rescued and is considered a constructive total loss will large undamaged parts be deducted. If only small undamaged parts remain, they are generally included in the salvage value and deducted together. In the case of an absolute total loss, the undamaged parts are zero. Salvage value: Refers to completely useless scrap parts, which are deducted according to the price they can be sold for. The ownership of the salvage value is determined through negotiation between the two parties involved in the insurance. If it is assigned to the policyholder for disposal, the salvage value is subtracted from the loss assessment; if it is recovered by the insurance company, the salvage value is not subtracted.