What does total loss replacement mean in a 4S store?
1 Answers
The meaning of total loss replacement in a 4S store is that if you purchase total loss replacement insurance when buying a car, you can receive compensation for a new car in the event of a constructive total loss as stipulated in the contract. More information about traffic accidents is as follows: 1. Total loss insurance: If the vehicle suffers a total loss or constructive total loss in an insurance incident covered by vehicle damage insurance, spontaneous combustion insurance, or theft insurance, the insurance company will compensate for the vehicle loss according to the agreed depreciation rate. When an accident results in a total loss of the vehicle, the depreciation is significant, and normal vehicle damage insurance cannot cover it, but total loss replacement insurance can, and the insurance company will compensate the customer with a new car. 2. Compensation according to the proportion of liability division: After an accident occurs, it is necessary to report to the police promptly. The traffic police will investigate the scene and issue an accident liability determination. If both parties have no objection to the division of liability, it will be executed accordingly. For compulsory traffic insurance, both parties will bear the compensation according to the proportion of the accident liability division.
