Situation where a damaged property's salvage or repair cost exceeds its insured value
For accounting or tax depreciation, see Write off.
This building will be a "total loss" if its insurer determines that the cost of repairing it exceeds that of its insured value.Even though only partially sunk in shallow water, in 2012 the relatively new cruise liner Costa Concordia was declared a "constructive total loss" due to escalating environmental and salvage clean-up costs.
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.[1][2]
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.
^"Business Dictionary: "Total Loss"". Dictionary. BusinessDictionary.com. Archived from the original on June 29, 2013. Retrieved January 6, 2013.
^"Glossary of Insurance Terms". Dictionary. Trafalgar International, Ltd. Retrieved January 6, 2013.
In insurance claims, a totalloss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured...
Totalloss is a 2000 Dutch drama film directed by Dana Nechushtan. Hans Bakker ... Bodyguard Luc Boyer ... Father Hekking Tijn Docter ... Co-assistant...
principal of a loan to their creditor in the event of a net income loss or a totalloss due to an Act of God. Law 103 stipulated that an agent, factor, or...
A hull loss is an aviation accident that damages the aircraft beyond economical repair, resulting in a totalloss. The term also applies to situations...
consultative document that defines a global standard for minimum amounts of TotalLoss Absorbency Capacity ("TLAC") to be held by G-SIBs. The TLAC are amounts...
Alopecia totalis is the loss of all hair on the head and face. Its causes are unclear, but believed to be autoimmune. Research suggests there may be a...
function can present as either weakness or paralysis leading to partial or totalloss of function in the arms, legs, trunk, and pelvis; paraplegia is similar...
branding, which notes that the vehicle has been damaged and/or deemed a totalloss by an insurance company that paid a claim on it. The criteria for determining...
or sedative drugs), severe fatigue, pain, anaesthesia, and other causes. Loss of consciousness should not be confused with the notion of the psychoanalytic...
Hair loss, also known as alopecia or baldness, refers to a loss of hair from part of the head or body. Typically at least the head is involved. The severity...
Remains (2010) TotalLoss (2012) "What Is This Heart?" (2014) Care (2016) The Anteroom (2018) I Am Toward You (2024) "How to Dress Well: Loss Leader". The...
or weight loss surgery) is a medical term for surgical procedures used to manage obesity and obesity-related conditions. Long term weight loss with bariatric...
Weight loss, in the context of medicine, health, or physical fitness, refers to a reduction of the total body mass, by a mean loss of fluid, body fat...
develop it because of stroke there can be infarct present which is the totalloss of blood flow. This can be due to the thinning of blood vessels or the...
the totalloss was updated to $5.8 billion with the addition of a $4.4 billion loss in the second quarter and subsequent recalculation of a loss of $1...
anthropogenic habitat destruction and increased wildlife loss. If these losses are not reversed, a total ecosystem collapse could ensue. In 2022, the World...
In economics, deadweight loss is the loss of societal economic welfare due to production/consumption of a good at a quantity where marginal benefit (to...
"The Loss" is the 84th episode of the American science fiction television series Star Trek: The Next Generation, and the tenth episode of the fourth season...
China: Totallosses of the Nationalist Air Force were 2,468 aircraft (According to Chinese and Taiwanese sources). Finland: Reported losses during the...
added to their weight loss for the week. The last team to arrive will have two pounds subtracted from their week's weight-losstotal. Jay & Mark (Black Team)...
graves, six million are unidentified. Some Russian scholars put the total number of losses in the war, both civilian and military, at over 40 million. In 2020...
final loss: 1972 AC-47 Spooky—19 total, 12 in combat First loss: 1965, final loss: 1969 AC-119 Shadow/Stinger—6 total, 2 in combat First loss: AC-119G...
Hearing loss is a partial or total inability to hear. Hearing loss may be present at birth or acquired at any time afterwards. Hearing loss may occur...
Her Loss is a collaborative studio album by Canadian rapper Drake and British-American rapper 21 Savage. It was released on November 4, 2022, through OVO...
usually financed along with the lease/loan. Claims are subject to a totalloss. The totalloss is usually determined by the primary insurance company’s third-party...
by an armor-piercing bomb, exploded; totalloss. 1,177 dead. Oklahoma: hit by five torpedoes, capsized; totalloss. 429 dead. Refloated November 1943;...
Global Information
