Who Owns the Vehicle After a Total Loss?

[StMila]

After a total loss, the vehicle should belong to the insurance company. Below is relevant information about vehicle total loss: Criteria for Vehicle Total Loss: The standard for a vehicle total loss is severe damage to the entire vehicle or repair costs reaching or exceeding 80% of the vehicle's actual value. Handling Methods for Vehicle Total Loss: Total loss of a vehicle is divided into two scenarios: one is actual total loss, meaning the vehicle is completely destroyed and cannot be repaired; the other is constructive total loss, where the vehicle can still be repaired, but the repair costs reach or exceed the vehicle's actual value, making the repair worthless and unnecessary, thus it can be treated as a total loss.