what is the difference between actual total loss and constructive total loss?
Answers
Answered by
1
Thank you for asking this question.
Actual total loss as the word described is when the property or item is 100% damaged that's means property is fully damaged.you can't get back the item. For example A vehicle that is totally destroyed during a
accident.
while, the total constructive loss happened when the parts of property or item is damaged more than 75%. However the insured item can be repaired and brought back to original state.
Actual total loss as the word described is when the property or item is 100% damaged that's means property is fully damaged.you can't get back the item. For example A vehicle that is totally destroyed during a
accident.
while, the total constructive loss happened when the parts of property or item is damaged more than 75%. However the insured item can be repaired and brought back to original state.
Similar questions