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What is meant by total loss

Friday 19 May 2017 07:31

Question: What is meant by 'total loss'?

Answer: There occasions when we are asked to move/store a consignment that has been moved/stored by a third party. When this happens our insurers will only offer a total loss policy because damage could of happened when previously moved or stored by others and we would not now this. Total loss cover the whole consignment or package. Thank you for your question regards Mark Lane.

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