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 ?
New Delhi: The top ten loss making CPSEs claimed 84.71 percent of the total losses made by all the loss making CPSEs during 2017-18.
3 to all residential property insurers who reported total losses from the November 2018 Camp and Woolsey fires.
According to this new data analysis, total losses from the Camp Fire, the most destructive wildfire in the state's history, are estimated to be between $11B and $13B.
The committee was also informed that this project started in 1995-96, and the plant's losses have reached Rs6.7 billion while the company's total losses have reached up to Rs11.8 billion.
On May 2nd, the total losses reported were 12200 cusecs which includes 4800 cusecs (13%) losses on Taunsa-Guddu, 4200 (13%) on Guddu-Sukkur and 3200 cusecs (41%) on Sukkur-Kotri section.
Regarding total losses of the airlines, the minister informed that up to March 2017 total losses were recorded at Rs325 billion.
* 15,359 residential properties that are partial losses, * 5,747 residential properties that are total losses, and * 2,814 commercial property claims resulting in 997 total losses, which includes commercial businesses and multi-family (apartments) with four or more units.
Estrellita "Ging" Suansing lamented that typhoon Lando affected 13,144 farmers, destroyed rice crops in various stages of development causing some municipalities to lose 100 percent of their yield and resulting to total losses amoutng to P3.350 billion.
More than a third of 2014's total losses were in two maritime regions: South China, Indo China, Indonesia and the Philippines (17 ships) and Japan, Korea and North China (12 ships).
Another important loss cost category is total losses since they generally result in higher severity.
A financial report compiled and analyzed by Al-Eqtesadiah daily said the telecom sector accounted for 35 percent of the total losses at SR4.9 billion, followed by the construction and insurance sectors at 19 percent each, petrochemical sector 12 percent and other sectors accounting for the remaining 15 percent.
The quantity of total losses in the first half year 2013 is 1,774 GWh.
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