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If you’ve been in a car accident in California and your vehicle is deemed a total loss, understanding the Total Loss Formula (TLF) is crucial. California uses this formula to determine whether the cost of repairs plus the salvage value exceeds the actual cash value (ACV) of the car. If it does, the insurer declares the car a total loss. Knowing how this formula works can help you negotiate a fair settlement and avoid being underpaid by insurance companies. Learn how the TLF affects your claim, what rights you have as a policyholder, and how to protect your vehicle's value after an accident.
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