Actual Total Loss

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Actual Total Loss

The total amount that an insurance company pays to a policyholder when an insured item is completely destroyed, damaged beyond use, or disappears without explanation. It is also called total loss.
References in periodicals archive ?
Progressive's Total Loss Concierge service is currently available in 14 states.
IAA Inspection Services was developed to reduce the cycle time from date-of-loss to total loss determination.
Insurance companies' approved garages will normally not provide a courtesy car if your vehicle is declared a total loss.
Legislators knew that when a vehicle is a total loss, consumers often need to replace the wrecked vehicle quickly.
3) It plainly requires insurers to pay the full policy limit if a structure is deemed a total loss and damage was caused by a peril covered in the policy.
Westlake High's Cody Cipriano made sure the day wasn't a total loss for the West on Saturday by winning the home run contest.
If the repairs are greater, the car will be declared a total loss.
If your limits are less than the required values, you will pay for part of the claim regardless if it is a partial or total loss.
a leading Vehicle Remarketing and Total Loss Claims Management company announced today it has purchased and will be uniting forces with Salvage Direct, one of the nation's premier salvage re-marketing firms.
Axa Assistance announced the introduction of a Total Loss Protection insurance product for brokers and insurers, to deal with the delays and financial losses associated with motor write-off claims.
TrueCar Helps Automakers More Efficiently Target Their $40 Billion Annual Incentive Spend While Enabling Insurance Partners to Delight Total Loss Customers
The insurance industry has seen a significant increase in both the frequency and cost of total loss claims over the last several years.
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