Road Transport (General) Act 1999
83CWhen a vehicle is a total loss
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83C When a vehicle is a total loss For this division, a vehicle is a total loss if the vehicle has been damaged by any event to the extent that its fair salvage value plus the cost of repairing the vehicle for use on a road or road related area would be more than its fair market value immediately before the event that caused the damage. Examples of events that may damage a vehicle collision, fire, flood, accident, trespass, dismantling and demolition