Question

    The term 'total loss' in motor insurance refers to:

    A Minor damage to the vehicle Correct Answer Incorrect Answer
    B Major damage to the vehicle Correct Answer Incorrect Answer
    C Theft of the vehicle Correct Answer Incorrect Answer
    D Any of the above Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    'Total loss' in motor insurance generally refers to situations where the cost of repairing the vehicle exceeds its market value or the vehicle is declared a total loss by the insurance company. This can include situations like theft, accidents causing severe damage, and in some cases, natural disasters.

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