What do you mean by Total Loss/ Constructive Total Loss?

[Siddhesh P]

What do you mean by Total Loss/ Constructive Total Loss?

[Sheela Prabhu]

Siddhesh, 

Insurer declares Total Loss when the accidental damage to your vehicle where the cost of repairs amounts to more than 75% of the IDV(Insured Declared Value) on your policy. 

A Constructive Total Loss is when the cost of a repair for an insured property is more than the current value of that property.

[Arti · Accepted solution]

Total Loss refers to accident damage to your vehicle where the cost of repairs amounts to more than 75% of the IDV on your policy.