What does total loss in car insurance mean?

[FelixMarie]

It refers to the situation where after the insured vehicle suffers a total loss, if the insured amount is equal to or lower than the actual value at the time of the accident, the compensation will be based on the insured amount. If the insured amount is higher than the actual value at the time of the accident, the compensation will be based on the actual value at the time of the accident. Here is some knowledge about partial loss insurance compensation: 1. If the insured vehicle suffers partial damage and the insured amount reaches the actual value at the time of underwriting, regardless of whether the insured amount is lower than the actual value at the time of the accident, partial loss will be compensated based on the actual repair costs. If the insured amount of the vehicle is lower than the actual value at the time of underwriting, partial loss will be compensated based on the ratio of the insured amount to the actual value at the time of the accident for repair costs. 2. The maximum compensation for the loss of the insured vehicle is limited to the insured amount.