In a city where accidents are in the light of day and robberies too, Total Loss coverage is more than useful, as it allows policyholders to access a definitive solution and avoid further loss of time and money.
What does it consist of?
It works both in case of accidents and robberies. If the car participates in any collision or suffers serious damage whose repairs exceed the percentage required by the insurer, it will be declared as Total Loss, so the insured will have access to the insured sum inscribed in the policy contract, which reflects the commercial value of the car. This value must be verified at the time of the accident, as it is known that vehicles are devalued over time.
In this way, the driver will receive the specified amount, with which he can find a replacement for the vehicle he has just lost.
In the case of a theft, the investigations must be conducted normally and after the deadline has elapsed, if the vehicle has not been found, the insured will be able to access the agreed amount, so that they can also access a vehicle in replacement of the That was stolen.
Accidents and thefts leave no choice for drivers
Cars end up damaged or simply disappear, experts say that if the total payment will take more than fifteen years, it is likely that you are buying a property that is out of your reach. so the insured will have access to the insured sum inscribed in the policy contract, which reflects the commercial value of the car. but through this coverage you can avoid damaging your work, your finances and your routine.
Remember that the terms and conditions will depend on the insurer you choose, since each one handles different terms and percentages. Ideally, compare the alternatives and verify which one suits you best.