Earlier quoted context omitted.
"Totaled" is just a term of art in the insurance industry. It means that the cost to restore the vehicle is greater than its as-repaired street value. It doesn't mean that the vehicle has to be destroyed; it just means the insurer will only give you the fair market value of the vehicle as though you sold it used immediately before the accident, instead of paying for it to be repaired. The problem, though, is that whe…
But doesn't the vehicle become the property of the insurance company after the payout?
They in turn sell it, where one of two things happens.
* It is parted out for spares for other cars.
* Someone actually repairs and resells it. This is one of the things you have to look out for when buying a used car. It may not be difficult to repair it cosmetically, but crumple zones are one use only.