How much can Che Sun Bao 100,000 total loss compensate?
1 Answers
Che Sun Bao 100,000 total loss can compensate up to 90% of the insured amount. Additional information: 1. Calculation formula for car damage insurance: The calculation formula is base premium = fixed premium + insured amount × rate. 2. Calculation method for 100,000 car damage insurance: In the case of an old car accident that is not a total loss, the replaced parts are compensated according to the new original price. When an old car needs repair, it is repaired with new parts, and the cost is based on the price of new car parts, while the repair is calculated according to the current labor cost standard. The calculation method for old car damage insurance is based on the market price of the new car of the same model at the time of insurance; in the case of total loss compensation, the insurance company will only compensate the actual cost of the car purchased by the owner, which is the "principle of loss compensation," meaning compensation is based on the actual loss.