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Declaring a vehicle totalled means taking the ACV (Actual Cash Value) of the vehicle, and comparing it with the repair estimate total. If the repairs come to at least 75% of the ACV, the vehicle is declared a total by law. That 75% is for Louisiana, not sure how other states declare it. Florida has 'Rebuildable' and 'Unrebuildable' salvage titles that they issue with totals, as well as FLOOD, FIRE & THEFT titles. This is good for the consumer, since it gives a better idea of what the damage entailed. I have dealt with salvage vehicles for 10+ years and cannot understand why people are so afraid of them as if they were a ghost or something. Do you realize that if your NSX gets stolen and 'hides' for 31 days but is returned unscathed after the insurance company pays you off, then YOUR beauty receives a salvage title? Thats correct, a salvage title for 0 damage. The law states that if the insurance company pays out 75% or greater for ANY loss, the vehicle is deemed salvage. I've gone through several 01 or 02 Acura cars that were stolen off of the lot, and not recovered for 45 days or so, with 80 miles on them, and not a scratch, but they now have salvage titles. Go figure.

<blockquote data-quote="NSXnBRLA" data-source="post: 44606" data-attributes="member: 4648"><p>Declaring a vehicle totalled means taking the ACV (Actual Cash Value) of the vehicle, and comparing it with the repair estimate total. If the repairs come to at least 75% of the ACV, the vehicle is declared a total by law. That 75% is for Louisiana, not sure how other states declare it. Florida has &#039;Rebuildable&#039; and &#039;Unrebuildable&#039; salvage titles that they issue with totals, as well as FLOOD, FIRE &amp; THEFT titles. This is good for the consumer, since it gives a better idea of what the damage entailed. I have dealt with salvage vehicles for 10+ years and cannot understand why people are so afraid of them as if they were a ghost or something. Do you realize that if your NSX gets stolen and &#039;hides&#039; for 31 days but is returned unscathed after the insurance company pays you off, then YOUR beauty receives a salvage title? Thats correct, a salvage title for 0 damage. The law states that if the insurance company pays out 75% or greater for ANY loss, the vehicle is deemed salvage. I&#039;ve gone through several 01 or 02 Acura cars that were stolen off of the lot, and not recovered for 45 days or so, with 80 miles on them, and not a scratch, but they now have salvage titles. Go figure.</p></blockquote><p></p>

[QUOTE="NSXnBRLA, post: 44606, member: 4648"] Declaring a vehicle totalled means taking the ACV (Actual Cash Value) of the vehicle, and comparing it with the repair estimate total. If the repairs come to at least 75% of the ACV, the vehicle is declared a total by law. That 75% is for Louisiana, not sure how other states declare it. Florida has 'Rebuildable' and 'Unrebuildable' salvage titles that they issue with totals, as well as FLOOD, FIRE & THEFT titles. This is good for the consumer, since it gives a better idea of what the damage entailed. I have dealt with salvage vehicles for 10+ years and cannot understand why people are so afraid of them as if they were a ghost or something. Do you realize that if your NSX gets stolen and 'hides' for 31 days but is returned unscathed after the insurance company pays you off, then YOUR beauty receives a salvage title? Thats correct, a salvage title for 0 damage. The law states that if the insurance company pays out 75% or greater for ANY loss, the vehicle is deemed salvage. I've gone through several 01 or 02 Acura cars that were stolen off of the lot, and not recovered for 45 days or so, with 80 miles on them, and not a scratch, but they now have salvage titles. Go figure. [/QUOTE]

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