Constructive Total Loss (Glossary Word)

When the cost of repairs exceeds the actual cash value of damaged property.

Other users searching for also searched for some of the following glossary words and FAQs.

Glossary Words

• CLUE
• Unit Assessment
• Personal Injury Protection
• No-Fault Insurance

FAQs

• What are the benefits of a renters policy?
• What kind of insurance does my business need?