cost of Repair > Actual Cash Value = OBVIOUS TOTAL LOSS 100 %
cost of Repair @ 70 % of ACV + Salvage Value > Actual Cash Value = CONSTRUCTIVE TOTAL LOSS

If the cost to rectify is greater than the vehicles ACV at the time of loss, the vehicle will be declared an obvious TOTAL LOSS. If the monetary value to repair is less than 100 % vehicle ACV but greater than 70 % vehicle ACV, then the value of the salvage becomes a divisor in determining reparability.

There are many questions regarding the value of vehicles and you may have questions regarding the value of your vehicle in a sum personnel casualty site. Depending on your insurance company, the prize of your vehicle is determined based upon the pre-accident condition of the vehicle, the number of kilometres on the odometer, the options available on the vehicle and any damage that was not caused by the accident. tied the market is a divisor, as the value of your vehicle will besides be dependant on the market appraisal of vehicles in the area in which the policyholder lives. Your insurance company should take all of these variables into consideration in determining the refilling price of your vehicle.

In terms of dollars and cents, your reimbursement and deductibles will vary greatly depending on both your insurance company and your car policy policy. If you have an car policy with CAA we will do our best to ensure that your experience is deoxyadenosine monophosphate simpleton and hassle-free as possible. A deductible would be applied as character of the colonization if it applies. After paying your deductible, we will work with you to determine whether your vehicle will be a sum passing and if then, we ‘ll do our best to make sure that the work is ampere straight-forward as possible for you.

In the event of a total loss, CAA Insurance will take a number of factors into consideration, including whether the car is leased, financed or wholly owned and we will reimburse the impacted parties equally quickly as possible.

  • We will pay you, the policyholder, directly if you own the vehicle (your status as a contracted policyholder is determinative)
  • If the vehicle is leased, we will pay the leasing company directly.
  • If the vehicle is financed, we will work with you to determine the manner in which we need to proceed. If the finance company has status on your policy, payment will be co-payable to you the policyholder, and the finance company.

If your vehicle is a total loss and you have rental reimbursement coverage through CAA Insurance, we will pay for your rental vehicle subject to your policy limits. Your claims adjuster will provide you with details on when you’ll need to return the rental as they work to determine the value of your vehicle. They may also provide you with guidance as to when you should begin looking for a replacement vehicle, so be sure to ask your adjuster if you have any questions.

Please note that the information provided above is general-purpose information only. It does not extend your policy coverage beyond that which is written in your policy. Please refer to your own insurance policy for specific information.

If you are involved in an accident, please contact our Claims Reporting Line at If your fomite is a sum loss and you have rental reimbursement coverage through CAA Insurance, we will pay for your lease vehicle subject to your policy limits. Your claims adjuster will provide you with details on when you ‘ll need to return the rental as they work to determine the rate of your vehicle. They may besides provide you with steering as to when you should begin looking for a replacement vehicle, indeed be sure to ask your adjuster if you have any questions.Please note that the information provided above is general-purpose information only. It does not extend your policy coverage beyond that which is written in your policy. Please refer to your own indemnity policy for particular information.If you are involved in an accident, please contact our Claims Reporting Line at 1‑877‑222‑1717 to report your claim any meter of the day or night .

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