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Total Loss Coverage

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A type of coverage that protects the insured when a vehicle suffers damage so severe that repair is not viable or economically reasonable, or when the vehicle is stolen and not recovered. Coverage is triggered when the damage exceeds a defined percentage of the insured value, typically between 75% and 80%.

What does this policy cover?

  • Total physical loss due to accident, rollover, fire or major collision

  • Total theft of the vehicle without recovery

  • Extreme natural events such as flooding, earthquakes or hurricanes that result in a total loss

  • Roadside assistance.

Who is it for?

  • Owners of new or high-value vehicles

  • Drivers in higher-risk areas for accidents, theft or natural hazards

  • Clients seeking essential protection at a lower cost than full comprehensive insurance

What does this policy cover?

  • Helps prevent major financial losses after severe claims.

  • Usually carries a lower premium than full comprehensive coverage.

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