Last updated 2025-06-02
Completing a taxi total loss settlement
Steps required to complete a taxi total loss settlement.
When this applies
When a taxi is a total loss and the settlement must be completed, including the
- Estimate or Appraisal,and
- Vehicle Valuation report.
Process
-
Estimator
- Obtains an actual cash value (ACV) for the vehicle using WorkCenter (WC).
-
Adjuster
- Determines the taxi start date.
-
Determines the depreciated value of an equipped wheelchair ramp/lift, using the months in service, up to a maximum of 36 months.
Months in service Add for lift/ramp 1 $11,820 2 $11,640 3 $11.460 4 $11,280 5 $11,100 6 $10,920 7 $10,320 8 $10,080 9 $9,840 10 $9,600 11 $9,360 12 $9,120 13 $8,880 14 $8,640 15 $8,400 16 $8,160 17 $7,920 18 $7,680 19 $7,440 20 $7,200 21 $6,960 22 $6,720 23 $6,480 24 $6,240 25 $6,000 26 $5,760 27 $5,520 28 $5,280 29 $5,040 30 $4,800 31 $4,560 32 $4,320 33 $4,080 34 $3,840 35 $3,600 36 $3,360
-
Estimator
-
Adjusts the condition rating in WC, according to the vehicle condition.
Important: For more information on vehicle condition ratings, refer to the Mitchell user guide. If the vehicle is a rebuild, it must be reflected in the
-
Adjusts the condition rating in WC, according to the vehicle condition.
-
Adjuster
- Calculates the downtime, in the event that the taxi driver is not at fault.
-
Estimator
- Fills in appropriate fields in WC entering TAXI for body style.
-
Determines salvage value using the Salvage Inquiry screen.
If there is ... Then ... enough information to determine salvage value use the information to determine a dollar amount. not enough information to determine salvage value - leave the TAXI field blank in WC, and
- use 50% of the noted dollar amount.
Important: If the taxi is for dismantle purposes only, select YES in the Salvage Inquiry field and use the full amount listed.
Section topics
Use the menu on the left or click on the links below to explore topics.
Concept
Taxi salvage value
Guidelines for determining taxi salvage values.
Guidelines for determining taxi salvage values.
Reference
Total loss replacement taxi equipment transfer costs
Summary of total loss replacement taxi equipment transfer costs.
Summary of total loss replacement taxi equipment transfer costs.
Reference
Total loss replacement taxi refinish allowances
List of refinish allowances for replacement taxis total loss settlements
List of refinish allowances for replacement taxis total loss settlements
Process
Approve taxi fuel conversion transfer payment after total loss settlement
Steps on approving taxi fuel conversion transfer payment aft a total loss settlement.
Steps on approving taxi fuel conversion transfer payment aft a total loss settlement.
Procedure
Determine value of factory alternative fuel system
Steps on determining the value of factory alternative fuel system.
Steps on determining the value of factory alternative fuel system.
Parent topic: Total losses and salvage