“When many talk about ‘totaling a car,’ it is often taken to mean that the car is a total wreck and cannot be salvaged, certainly not driven. However, in the insurance world, ‘totaling’ is when the insurer declares the book/cash value (e.g., Blue Book Value) of the car just before the accident is less than the costs of covered repairs from the accident,” says Karen C.A. Holden, professor emeritus, Department of Consumer Science and Public Affairs, University of Wisconsin – Madison Institute on Aging.
University Communications