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As a rule of thumb, if the repairs are up to approximately 60-65% of the actual cash value of the vehicle, it will most likely be totalled by the insurance company. The reasoning behind that is there are usually supplemental charges that were not included in the initial damage appraisal that could likely drive the price of the repairs up to or pass the actual cash value of the vehicle. No insurance company will pay more than the actual cash value of a vehicle.
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∙ 16y ago
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When an auto is totaled and the insurer takes the auto and pays the insured the actual cash value of the car at the time of the loss this is an example of?
Total loss payoff
What percentage loss is 6600 from 20000?
Percentage loss is 30%.
Is there a specific NY Law concerning the compensation for a total loss auto insurance claim if the vehicle was purchased within the past 90 days?
If it is a total loss then the insurance needs to pay the value of the vehicle.
What is colitis and crohns disease?
it is an auto immune disease. that makes ur brain think that u have a unknown virus in ur digestive tracks and ur brain makes u have diarhea ,fatigue,weight loss, loss of appetite.
What is the loss percentage?
It is the percentage decrease of an item from its original value. It is worked out as: (original value-loss)/original value times 100 = percentage loss.
When your auto is declared a total loss do you get the tax and license you paid back as well as the actual cash value of the vehicle?
Not likely, no
What is Borderline total loss?
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.
Solved balance sheet verticle analysis?
Vertical Analysis which compare the each item of the balance sheet as a percentage of the total balance sheet value & Profit & loss item as a percentage of the total sales revenue If you have any query regarding this issue please do not hesitate to contact me on shayan_qureshi@akbarassociates.com Vertical Analysis which compare the each item of the balance sheet as a percentage of the total balance sheet value & Profit & loss item as a percentage of the total sales revenue If you have any query please do not hesitate to contact me on shayan_qureshi@accamail.com
What is a BEP?
A BEP is a break-even point, the point at which total costs equal total revenue and the organization neither makes a profit or a loss.
How do you find the profit and loss in percentage?
The answer depends on percentage of WHAT!
What is the formulae for loss percentage?
% loss = amount of loss / cost x 100
How would you work this out si buys a tv for 100 and sells it for 80 what's his percentage loss?
Loss percentage would be 20%. Loss % = (Loss/Cost price ) * 100
