Loss beyond limit

There is something called a total loss claim. This is when the vehicle is stolen/lost or damaged beyond repair and reuse. Here, the IDV — value the vehicle is insured for under the policy — is paid

Loss beyond limit
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There is something called a total loss claim. This is when the vehicle is stolen/lost or damaged beyond repair and reuse. Here, the IDV — value the vehicle is insured for under the policy — is paid