Who Owns the Car After It Is Declared a Total Loss?

[OPenelope]

It belongs to the car owner. More extended information is as follows: 1. Vehicles involved in traffic accidents: For vehicles damaged in traffic accidents, insurance companies will adhere to the principle of "repair first." If the vehicle does not meet the total loss standard, compensation will be made according to the terms stipulated in the contract, and the compensation amount will be used for vehicle repairs. 2. Vehicle damage reaches the total loss standard: If the vehicle damage has reached the total loss standard, meaning the estimated repair costs are equal to or exceed the actual value of the vehicle, the insurance company will proceed with the total loss claim. 3. Assessment by the evaluation department: If the car owner believes their vehicle is a total loss, they cannot directly apply for a total loss claim; it must be determined based on the evaluation results from the assessment department.