What are the types of compensation for damage to the insured vehicle

Depending on the extent of physical damage (covered in the policy) that hit the car, can the compensation for insured partial or total. The following are the criteria for deciding on the payment:

Partial loss is insured partial loss when you can repair that are worth less than 75% the evaluation (maximum compensation), constant hiring mode. That is, the policy can be assigned to the market value or the specified value. Depending on the extent of damage, i.e. 75% evaluate the car exceeded the insurance company will be responsible for repairing the vehicle, leaving the insurer liable to pay for the privilege (participation of insured losses) directly to the workshop. Get full compensation at the extent of damage to the vehicle, as a result of the same incident, to make your repair is not economically viable, will guarantee the insured damage criterion of full compensation, popularly total loss.

This situation occurs when the cost of repairing the vehicle higher than 75% of the maximum compensation, an amount equal to the value of the car. The calculation is in accordance with the contracted method of valuation: market value or set value. In case of theft, and will only pay the full compensation and does not recover the car insurance company will pay the damages.