Whether or not a car is said a complete loss after airbag deployment just isn’t solely decided by the truth that the airbags activated. The choice hinges on a complete evaluation of the car’s total harm and the fee related to repairs. For instance, a automobile that experiences minor beauty harm alongside airbag deployment may be repairable, whereas a car with vital structural harm along with deployed airbags is extra more likely to be deemed a complete loss.
The importance of this willpower lies in its monetary implications for each the car proprietor and the insurance coverage firm. Declaring a car a complete loss permits the insurance coverage firm to keep away from doubtlessly exorbitant restore prices, whereas the proprietor receives compensation for the car’s pre-accident worth. Traditionally, the edge for totaling a car has been primarily based on a comparability between the restore prices and the car’s market worth, with insurance coverage firms typically utilizing a percentage-based method.
