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What does it mean if my vehicle is considered a 'total loss' for my auto claim with TD Insurance?
If the estimated repair cost plus the salvage value of your vehicle is higher than its cash value prior to the damage, we may decide to treat the vehicle as a write-off, or total loss, instead of paying to repair it. As your insurance company, we will pay the pre-collision value of your car minus any deductible that may be applicable and keep the salvage.
If your car is stolen and not recovered, this is also considered a total loss.
Please note that the answers to the questions are for information purposes only and do not constitute a legal opinion on the various types of coverage discussed. Individual circumstances may affect your coverage. In case of discrepancy between the answers contained herein and your policy, the policy prevails.