What aspects should be noted in the disposal of vehicle residual value?

[StevenAnn]

The following are the key aspects to note when dealing with vehicle residual value: 1. Calculation of total loss in cargo transportation insurance: For total loss, transportation insurance policies are typically valued policies, and total loss should be fully compensated according to the insured amount. For unvalued insurance, if the insured amount is lower than the actual value at the time of loss, compensation is based on the insured amount; if the insured amount is higher than the actual insured value, compensation is based on the actual value. After full compensation by the insurance company, the residual loss belongs to the insurance company. 2. Calculation of partial loss in cargo transportation insurance: For partial loss, the calculation formula for quantity loss is: Insured amount × number of lost items (weight) = compensation.