What is the process to measure the total loss of a car?

Total loss is basically when the cost of repair exceeds the cost of car worth or price. Also, the total loss can occur in two situations that is car theft or car accident leads to complete damage and is of no use. You follow traffic rule which works in accordance with the motor vehicle act, 1988.

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 And, ''if a motor vehicle has been destroyed or has been rendered permanently incapable of use, the owner shall, within fourteen days, report the fact to the registering authority.'' says 55 of the Motor Vehicle Act. After your car is declared as a total loss, you must inform the Regional Transport Office (RTO) within 14 days where you should submit your registration card so that your card gets cancelled. It is to understand that if any vehicle gets damages more than 75% of the insured declared value then it falls in the category of total loss. IDV or insured declared value is the current market value of the car. 

 In case of a total loss, you get compensated as per the IDV or insured declared value. Return to invoice is useful add-on coverage to protect your asset with car insurance. It protects you from the liability of total damage to your car is an unpleasant event. 

 In final words, now you have a better understanding of the process to measure the total loss of a car. So, if you get into such a situation do inform your insurer and RTO in the first place and collect all the documents together. 

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