This is a question about insurance law in the state of Arizona.
A.R.S. 28-2091(T)(4) defines a "Salvage Vehicle" as a vehicle that the owner or insurance company considers "uneconomical to repair." However, the statute does not define the terms "uneconomical to repair." Therefore, how is this determination of whether a vehicle is "uneconomical to repair" made? Is there a standard that is used to make this determination or is it an arbitrary determination?
A.R.S. 28-2091(T)(4) defines a "Salvage Vehicle" as a vehicle that the owner or insurance company considers "uneconomical to repair." However, the statute does not define the terms "uneconomical to repair." Therefore, how is this determination of whether a vehicle is "uneconomical to repair" made? Is there a standard that is used to make this determination or is it an arbitrary determination?
