Total loss referred to total loss, refers to all the insured losses of goods, total loss of the actual total loss (actual total loss) and the constructive total loss (constructive total loss) of the points. Actual total loss is the total loss of goods, or all bad and no longer has any commercial value. Constructive total loss is at risk after the damaged goods, even though less than the extent of the actual total loss, but the actual total loss is inevitable, or the total actual loss in order to avoid the costs and continue to pay the goods arrive at the cost of the land exceed its insurance value. Constructive total loss to be determined after verification by the insurer.
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Accounting Wikipedia
Total loss referred to total loss, refers to all the insured losses of goods, total loss of the actual total loss (ActualTotalLoss) and the constructive total loss (ConstructiveTotalloss) of the points.
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Wikipedia Daquan
Total loss Total loss】 【also known as "total loss." "Partial losses" Symmetry. After the insured suffered an accident, the damage degree Almost the whole value, or no longer repair, salvage value. Into "an actual total loss" and "constructive total loss." Hair insured Health total loss, the insurer for the maximum amount of compensation subject Insurance amount.