total loss
A total loss means that your car is damaged so badly that it's not worth fixing. The insurance company will pay you what your car is worth instead of repairing it.
A total loss occurs when the cost to repair a vehicle exceeds its actual cash value, meaning the insurance company deems it not worth fixing. This often leads to the vehicle being declared a total loss and the owner receiving a payout based on the car's value.
Hear It Discussed
"If there's a total loss, that's exactly what you get. There's no depreciation, there's no arguing, there's no guessing games."
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"...without question your car is total, right? The car's value was like $2,500..."
The Importance of Great Insurance (Jason Crashed his Rover SD1) — The Carmudgeon Show Episode Ep. 197 The Carmudgeon Show
"So if they have a total loss they they know what they're covered for. They don't have to guess. They're not going to come out and say well we need to do an estimate and see what your car is worth..."
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