Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help

Go Back   PeachParts Mercedes-Benz Forum > Mercedes-Benz Tech Information and Support > Tech Help

LinkBack Thread Tools Display Modes
Old 10-05-2008, 11:58 AM
Registered User
Join Date: Apr 2005
Posts: 22
Insurance Co "Totaling formula"

Any adjusters out there that can enlightening us on just how an
Insurance company figures out what Percentage of damage constitutes a
vehicle being "Totaled"
year, mileage, condition, type of damage, what all is considered?

When a vehicle is given to a junk yard to get rid of and it states "just came in under "insurance contract" what does that mean?

Reply With Quote
Old 10-07-2008, 04:46 PM
Registered User
Join Date: Oct 2008
Location: SW Michigan
Posts: 21
I spoke with someone I know who owns a body shop and sells a few cars. He states that cars will now be totaled if the damage exceeds 50% of the value. He stated it used to be 70% - about 2 years ago it changed.

Still no idea on "insurance contract" definition
Reply With Quote
Old 10-07-2008, 04:53 PM
TX76513's Avatar
Platinum Member
Join Date: Apr 2003
Location: Brandon, Mississippi
Posts: 5,203
Insurance companies will determine that your car is totaled if the cost of the damage approaches or exceeds the cars worth. Companies will determine your vehicles average retail value before the accident occurred. This process varies from state to state. In MS for example the value is determined by market value survey while in the state of WV the insurance company must use an official used car guide approved by the West Virginia Insurance Commission to determine the value of your auto. In MS a vehicle is typically deemed a total loss when the cost of repairs approaches or exceeds 75% of the Actual Cash Value. However, the insurance company may choose to handle your claim on a total loss basis even if the damage does not reach this percentage if the accumulative cost exceeds the value of the vehicle, i.e.: repair cost, tow charges, storage charges, car rental, etc. In this case it would be cost effective for the insurance company to pay the value of the car.

15 VW Passat TDI
00 E420
98 E300 DT
97 E420 Donor Car - NEED PARTS? PM ME!
97 S500
97 E300D
86 Holden Jackaroo Turbo D
86 300SDL
Reply With Quote


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 03:47 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Peach Parts or Pelican Parts Website -    DMCA Registered Agent Contact Page