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When property is deemed "totaled," it generally means that the cost to repair the damage exceeds a certain percentage of the property’s value or that it is otherwise considered beyond economical repair. In such cases, insurance companies typically classify the property as "salvage." This classification indicates that while the property is not suitable for its intended use in its current state, it still has some value and can be sold or repurposed.

The salvage classification allows for the property to be evaluated for any remaining parts or materials that can be reused or sold, thereby providing some financial recovery for the insurance company. This is why the correct answer reflects the status of a totaled property as salvageable.

Other statuses such as unsalvageable would imply that there is absolutely no value left in the property, while full recovery is not applicable since the property cannot be repaired economically. Archiving for future reference does not pertain to how the property is valued or processed in terms of insurance and salvage; hence it does not pertain to the classification of total loss.