Total Loss Insurance

Be safe in traffic with waste car insurance

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Total Loss Insurance

With Total Loss Insurance product, assurance is provided in the event of the insured vehicle is damaged as result of the following risks specified under the main assurance group under the topic of “A.1 Subject of the Insurance” of Motor Vehicles Comprehensive Insurance General Terms”.

Collision of the vehicle with a motorized/ non-motorized vehicle that can be used in road
Overturning, falling, rounding off or collision of a moving or a stable object to the insured car as a result of sudden and external influences involuntarily of the insured or whom drives the vehicle,
Burning of the vehicle,
Theft or attempted theft of the vehicle or the parts of the vehicle,
Waste Car Comprehensive (Total Loss) Insurance policies which provides assurance to the all vehicle groups without model year limitation are issued for 1 year.

The above-mentioned “Total Loss” term means the damage occurred on the car is 70% of the minimum current market value of the vehicle.

GEOGRAPHICAL LIMIT OF THE INSURANCE

This insurance is valid only in TRNC frontiers.
DAMAGES WHICH MAY BE INCLUDED IN THE ASSURANCE WITH AN ADDENDUM MAY BE ASSURED WITH THE FOLLOWING CIRCUMSTANCES THAT MAT BE ASSURED UNDER THE ADDENDUM.

Following addendum articles are also in the assurance coverage with this insurance policy, total losses that occur as the result of these damages that can be included in the assurance with the addendum are included in the assurance of Waste Car Comprehensive (Total Loss) Insurance product.

Foreign collateral assurance

  • Cigarette and similar materials damages
  • Theft by capturing the key
  • Earthquakes, landslides, storms, hail, lightning
  • Torrent, flood
  • Strike, riot, unrest, civil commotions and terrorism
GENERAL TERMSINFORMATION FORM