“Total loss vehicle” defined. “Total loss vehicle” means a motor vehicle:
1. Of a type which is subject to registration; and
2. Which has been wrecked, destroyed or otherwise damaged to such an extent that the cost of repair is 65 percent or more of the fair market value of the vehicle immediately before it was wrecked, destroyed or otherwise damaged.
Ê The term does not include a nonrepairable vehicle or other motor vehicle which is 10 model years old or older and which requires only the replacement of the hood, trunk lid, grill assembly or two or fewer quarter panels, doors, bumper assemblies, headlight assemblies, taillight assemblies, or any combination thereof, to restore the vehicle to its condition before it was wrecked, destroyed or otherwise damaged. For the purposes of this section, the model year of manufacture is calculated based on a year beginning on January 1 of the calendar year in which the damage occurs.
Last modified: February 25, 2006