A vehicle is a total
loss if an assessor determines that the extent of the damage is such
that —
A ≤ B
where —
A is —
(a) if
the vehicle was insured at the time of the event that caused the damage, the
value for which the vehicle was insured at the time of that event; or
(b) if
the vehicle was not insured at the time of the event that caused the damage,
the market value of the vehicle at the time of that event;
B is the cost of
repairing the vehicle for use on a road so that it complies with the standards
and requirements set out in regulations 171 to 178 and Part 10
that apply to that kind of vehicle, plus the cost of salvage.