answersLogoWhite

0

A total loss is when the cost of repairing the vehicle exceeds a pre-determined percentage of the vehicle's value. For example, if your vehicle is worth $10,000 and the damage exceeds $7,000, your vehicle may be considered a total loss (depending on the state and your insurance company's policy). A borderline total loss would be (in the same example) if the damage to your vehicle is close to, but not quite $7,000.

User Avatar

Wiki User

16y ago

Still curious? Ask our experts.

Chat with our AI personalities

CoachCoach
Success isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan

Add your answer:

Earn +20 pts
Q: What is Borderline total loss?
Write your answer...
Submit
Still have questions?
magnify glass
imp