How much compensation for a total loss of a car with 110,000 yuan in vehicle damage insurance?

[LaMelanie]

Compensation is based on the insured amount, with a maximum payout of 110,000 yuan. The calculation formula for vehicle damage insurance is: Vehicle damage insurance premium = (Base premium + Vehicle purchase price * Rate) * Discount coefficient. Below are the specific details about vehicle damage insurance: 1. Definition of vehicle damage insurance: Vehicle damage insurance is a type of commercial auto insurance where the insurance company compensates within reasonable limits for damages to the insured vehicle caused by an insured accident while the vehicle is being driven by the insured or an authorized driver. 2. Scope of vehicle damage insurance: In the event of an insured accident, the insurer will bear the necessary and reasonable rescue expenses paid by the insured to prevent or reduce the loss of the insured vehicle, up to the insured amount.