Totaled

Totaled (Glossary Word)

When damages to a vehicle exceed the actual cash value. In a loss covered by insurance, the insurance company would normally make a payment equal to the vehicle's actual cash value and would retain the salvage rights (i.e., keep the 'totaled' vehicle).


Ask a Question | View All Glossary Words

Other users also searched for some of the following glossary words.

Similar Glossary Words

Ask a Question | View All Glossary Words