What Is A Total Loss For Insurance Purposes?

What is a total loss for insurance purposes in Florida?

What Is A Total Loss In Florida?

In this video, attorneys Victor Demesmin Jr. and Jeremy Dover of the Demesmin and Dover law firm discuss the ramifications of what happens if your car becomes a total loss. But what is a total loss for insurance purposes? A total loss means that the damages to your car far outweigh the actual value of your car. So, if you have a car worth $3,000, but after an accident your car is going to need $6,000 worth of repairs to get it running again, that car is a total loss.