What is the insurance company's standard for scrapping flood-damaged vehicles?

[MacMaximus]

There is no separate scrapping standard for flood-damaged vehicles. The criteria for scrapping them are the same as those for vehicles damaged in other ways. When a vehicle is damaged in a traffic accident, insurance companies generally adhere to a 'repair-first' principle. More information about insurance companies' standards for scrapping flood-damaged vehicles is as follows: 1. Repair costs exceed the vehicle's value: When the repair costs exceed 80% or more of the vehicle's value, the insurance company will proceed with a total loss claim. 2. Compliance with Article 4 of the 'Mandatory Scrapping Standards for Motor Vehicles': Registered motor vehicles that meet any of the following conditions shall be mandatorily scrapped: if they still fail to meet national safety technical standards after repair and adjustment; or if they continue to emit pollutants or noise exceeding national standards after repair, adjustment, or the application of control technologies. If any of these conditions are met, the vehicle should be mandatorily scrapped, whether through insurance claims or self-funded repairs.