* Salvage: The car has been damaged but can still be repaired, but the cost of repairs exceeds the actual cash value of the vehicle. The insurance company will typically pay the owner the actual cash value, and the owner can keep the car or sell it to a salvage yard.
* Repairable: The car has been damaged but can still be repaired for less than the actual cash value of the vehicle. The insurance company will pay for the repairs.
