Learn how Constructive Total Loss works in insurance, when repair costs exceed an asset's insured value, and explore examples and implications for policyholders.

"Experiencing a total loss goes beyond the financial impact, it is often a very emotional and overwhelming time for a homeowner," says Diane Delaney, executive director at Private Risk Management ...

A growing number of cars are being totaled, but not for the reasons you might expect after a crash. The real cost comes later ...

What Is A “Totaled” Or “Total Loss” Vehicle? When repair costs exceed the vehicle's purchase price at the time of the incident, insurance companies deem it “totaled.” A vehicle is declared a “total ...

Discover what ground-up loss means for insurance policies, how it affects coverage, and why it's key when selecting the right insurance plan for your needs.

A car is totaled if the repair cost is more than the vehicle is worth, it’s damaged beyond repair or stolen and not recovered. You can only get an insurance claim payout if you carry full coverage on ...

Discovering your car has been declared a total loss can be disheartening, but understanding the process can help you navigate the situation with confidence. A "total loss" doesn't mean your car is a ...

Some parts of North Texas saw baseball-sized hail on Thursday as severe thunderstorms rolled through the region. The largest hailstones ranged from 1.5 to 3 inches in diameter across Denton and Collin ...

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In August, the Colorado Court of Appeals decided a case involving a totaled motor vehicle. The vehicle’s owner claimed her insurance company had breached a Colorado statute when it failed to reimburse ...

A vehicle is considered a total loss when the amount an insurance company must pay to restore a damaged vehicle exceeds its market value. Typically, vehicles are considered a tota ...