Total Loss



The condition of an automobile or other property when damage is so extensive that repair costs would exceed the value of the vehicle or property.



"Total Loss" In Context

"A Vineland accounting office likely is a total loss as a fast-moving fire ripped through the structure early this morning in the 1500 block of S. Delsea Drive. Vineland fire crews were called to the scene about 1:30 a.m. after the building’s ..."

This Insurance Word is available for Sponsorship Sponsor this Definition Today.


Insurance Resources

Auto Insurance Quotes