total loss cover

In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective.
Such a loss may be an "actual total loss" or a "constructive total loss". Constructive total loss considers further incidental expenses beyond repair, such as force majeure.

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  1. Don H

    Gap Insurance

    so guys I’ve finally bitten the bullet and purchased gap for my new car. I managed to get a 4 year combined invoice and vehicle replacement insurance for just £318.98. Cover was purchased through : totallossgap.co.uk Well worth a look if any new owners are also looking.
    • Don H
    • Thread
    • car insurance gap insurance mg im6 total loss cover vehicle replacement
    • Replies: 5
    • Forum: MG IM6 EV Forum
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