What is the total loss standard for auto damage insurance?

[DiGabriel]

Auto damage insurance has a certain deductible amount, which varies depending on the insurance company, typically ranging from 5% to 20%. Therefore, it is advisable to add a zero-deductible coverage after purchasing these insurances. Zero-deductible is an additional coverage for third-party liability insurance and auto damage insurance. After purchasing zero-deductible coverage, the insurance company will fully compensate for the vehicle's repair costs or total loss compensation. More relevant information is as follows: Note 1: The coverage amount of auto damage insurance decreases year by year because the vehicle coverage is determined based on the vehicle's depreciation. The insurance company has its own depreciation calculation formula. For example, for a car worth 100,000 yuan, the coverage amount in the first year is 100,000 yuan, and it may be 85,000 yuan in the second year, and so on. After a vehicle accident, even if the vehicle is severely damaged, it is generally repaired. Note 2: If the vehicle is severely damaged and the repair cost is not worth it, or if the owner simply does not want to repair it, the vehicle can be declared a total loss if the damage exceeds a certain level. Generally, if the repair cost exceeds 50% of the vehicle's value, the insurance company will negotiate with the owner whether to declare the vehicle a total loss.