A vehicle is considered a total loss when the amount of the repairs (including supplemental claims such as projected rental during the period of repair) equals or exceeds 75% of the pre-accident cash value of the vehicle which is sometimes referred to as the vehicle’s Fair Market Value (FMV). In other words, the FMV is the value a seller, if not forced to sell, and a buyer, if not forced to buy, would agree upon for the vehicle immediately before the collision giving rise to the loss.