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 ?
"This includes whether the estimate reflects the loss severity accurately and if we are settling the total loss efficiently and fairly."
However, out-of-pocket expenses for total losses increased $8 to $600.
A constructive total loss originally occurred when the cost of recovering damaged property exceeded the value of the property after it had been recovered.
Marie Bennett Final weight: 12st 8lb Total loss: 9lb
I have represented many insureds regarding their claims against their insurers and their insurers, blaming flood, refused to pay for the total losses of houses.
Assuming no major market disruptions, CCC anticipates total loss vehicle values will see increases of 1-3 percent industry-wide for the full year in 2013, with further softening in values in 2014.
At 1500 Pacific time, the airplane experienced a total loss of engine power and its pilot executed a forced landing to a dirt road.
to face a six percent jump in total losses from water.
Woolwich: Average handout: 657p Closing value: 308p Loss per share: -14p Total loss: [pound]98.55p
* The ocean carrier, American Roll-On Roll-Off Carriers, Inc., along with American Auto Logistics, will provide free transportation of a second vehicle, replacing the vehicle that was destroyed or determined to be a constructive total loss, from the point of origin to the destination vehicle processing center.
A proration could be made by comparing the casualty-and-theft loss amount to the total loss amount ($40,000/$100,000), resulting in only 40% of the NOL ($32,000) being carried back to the third year.
Subjected to a cocktail of contaminants and mold never before confronted by environmental experts in a single building, the building is a total loss."
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