Totalschaden
Totalschaden is a term used in insurance and automotive contexts to describe a situation in which a damaged asset, most commonly a motor vehicle, is considered a total loss. This occurs when repair costs or the overall damage make restoring the vehicle uneconomical relative to its value, or when the insurer determines that repairing it is not viable for other reasons.
In practice, the determination of a Totalschaden depends on policy terms and national regulations. A threshold
The outcome often includes the vehicle being marked as a salvage vehicle and barred from regular road
Totalschaden procedures aim to avoid costly repairs when the vehicle’s value has been eroded by the damage,