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What is a 'total loss' within Shortfall Insurance?

'Total loss' means your insured vehicle has been deemed by your motor insurer as being beyond economic repair as a result of an accident, fire or malicious damage i.e. the insurance company considers the cost of the repair to be uneconomical.

This is usually referred to as a 'write-off'. It can also mean that your vehicle has been stolen and not recovered.

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