Property Damage Claims
Insurance companies view property damage and personal injury claims as two separate issues. Property damage includes your vehicle and any other physical losses to possessions. Most state laws entitle the victim to either the cost of repairs or the fair market value of the car if it’s been totaled.
Totaled, short-hand for total loss, describes a vehicle with repair costs greater than a certain percentage of the car’s value. That percentage can be as low as 51 percent to as high as 90 percent.