When is a car considered a total loss (damaged)?

When is a car considered a total loss (damaged)?

The most prominent cases are

Deployment of the airbags

Car rollover

The chassis of the car was damaged

Engine failure

When does the insurance company consider the car damaged / total loss?

Mostly, comprehensive car insurance guarantees that the damaged car will be repaired and returned to its original condition. However, insurance may consider the car to be a total loss for several reasons, such as:

When it is impossible to repair it and it is difficult to return it as it was, which is known as the case of total technical loss.

or when the repair costs exceed the market value of the vehicle; This is known as a state of economic total doom.

The car is considered damaged after the percentage of damage exceeds the percentage previously agreed upon between the insurance company and the policy holder

Sometimes the total loss may result due to damage to cars in fire or floods

or car theft incidents

or even camel accidents

Mostly, car insurance companies in Saudi Arabia pay a compensation amount to the victim based on the market value of the car at the time of the accident, which is commensurate with the insurance value of the car specified in the text of the document.

Steps to claim auto compensation

When exposed to an accident, God forbid, the injured person files a claim to the insurance company for compensation

In the event that another driver causes the accident, you must file a claim with the other party's car insurance company.

As for the accidents that you caused or occurred due to circumstances beyond your control - such as natural disasters, you should consult your car insurance company.

In either case, you must do the following:

First, make sure that you have all the required evidence such as a Najm report or a police report in case of car theft and civil defense in case of vehicle burning.

Secondly, attach all the required documents and file a claim with the car insurance company

After that, the insurance company will then perform the damage assessment process

In the event that the car damage is considered a total loss, the amount of compensation will be deposited in the bank account within a maximum period of 14 working days.

Note: The insurance company has the right to reject the claim in cases that are not covered by vehicle insurance.

How is total loss compensation for cars calculated?

Receiving compensation for the resulting damages is a right of clients of insurance companies in Saudi Arabia. The car owner must be aware of the system used by insurance companies to calculate the value of vehicle compensation

According to the rules for settling total loss claims approved by SAMA, the competent employee determines the type of loss. It first starts with assessing the condition of the car after the accident and determining the necessary repairs to calculate the costs. When the car is considered in a state of total loss, the value of the car compensation is calculated according to the following example:

Compensation value = car insurance value - (depreciation rate + excess amount)

Example: a car whose purchase price was 85,000 riyals - (10,000 riyals consumption rate + 500 riyals depreciation amount) = 74,500 riyals

Car Insurance Value: It is the reasonable market value of the car determined by the car owner when purchasing car insurance - do not underestimate the value of your car, this is the amount you will be handing over!

Depreciation rate, if any

Deductible amount, if any

In conclusion, if your insurance has expired and you are hesitant about obtaining an insurance policy, whether it is comprehensive insurance or insurance against third parties, you should review the gonsure platform, The best site for insurance vehicle in Saudi Arabia, which is a platform that allows you to review insurance companies and also review the best offers of insurance compare vehicle insurance onlinecompanies in Saudi Arabia, so if you are looking for the best car insurance companies and the best Offers of insurance companies and want to compare car insurance prices in Saudi Arabia, their conditions and regulations, as well as their prices. gonsure is a solution

With gonsure, the best insurance within minutes is at your hand