I met with an accident last week and my bike is termed under total loss.

[Deepika Bharsakle]

I met with an accident last week and my bike is termed under total loss. Does that mean I will get the entire amount I invested on buying the bike?

[Noor Shaikh · Accepted solution]

In total loss claim, the final amount is calculated based on the age of vehicle, Depreciation applicable, etc, which will be informed to you with a claim computation sheet.