How is total loss claim calculated for vehicles?

1 Answers
KeeganMarie
09/08/25 5:29am
After the insured vehicle suffers a total loss, if the insured amount is higher than the actual risk value at that time, the compensation will be calculated based on the actual risk value at that time. After the insured vehicle suffers a total loss, if the insured amount is equal to or less than the actual risk value at that time, the compensation will be calculated based on the insured amount.
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