Total Loss
Auto Insurance
When the cost to repair a vehicle approaches or exceeds the vehicle’s actual cash value.
- — Automobile Insurance Definitions retrieved 2014-05-19
Damage or destruction to real or personal property to such extent that it cannot be rebuilt or repaired to its condition prior to the loss or when it would be cost-prohibitive to repair or rebuild in comparison to the value of the property prior to the loss.
- — Auto Insurance Glossary retrieved 2014-05-19
When the cost to repair a vehicle approaches or exceeds the vehicle's actual cash value.
- — Glossary of Auto Insurance Terms retrieved 2014-05-19