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That's totaled?

Unless there is some significant hidden damage not readily visible in the picture, that looks far from being a total loss.

Even here in Alaska where things are more expensive, I would expect to pay about $1200--$1500 to have that damage repaired. A used lid for the boot, a used tail light assembly for the starboard side, a bit of metal bashing and respray would have that car on the road again pretty quickly.

Or am I missing something obvious?

tanstaafl.