Total Loss / Constructive Total Loss (CTL) — Formula
Total Loss / Constructive Total Loss (CTL) — Formula. Treatment of a claim as a Total Loss (TL) or Constructive Total Loss (CTL) when the vehicle is. — DigiSurvey.
What it covers क्या कवर होता है
Treatment of a claim as a Total Loss (TL) or Constructive Total Loss (CTL) when the vehicle is beyond economic repair. Standard Indian market threshold is CTL at ~75% of IDV — i.e. when (Repair cost + Salvage removal / towing + any mandatory betterment) is 75% or more of the IDV, the claim is settled as TL on IDV minus salvage value and excess.
जब वाहन आर्थिक रूप से मरम्मत के योग्य नहीं रहता तो उसे Total Loss (TL) या Constructive Total Loss (CTL) माना जाता है। भारतीय बाज़ार का सामान्य threshold ~75% of IDV है — यानी जब (मरम्मत खर्च + salvage हटाने/towing + अनिवार्य betterment) IDV का 75% या अधिक हो, claim IDV में से salvage value और excess घटाकर TL पर settle होता है।
Surveyor's verdict / key conditions सर्वेयर की जाँच
Formula to walk through on paper — Repair-cost estimate (parts after depreciation + labour + taxes) + Towing / recovery cost + Salvage removal cost ≥ 75% × IDV → recommend CTL. Confirm: (i) IDV as of DOL (not renewal date), (ii) if Return-to-Invoice (RTI) add-on is in force → settlement on original invoice value instead of IDV, (iii) salvage valuation by at least two scrap-dealer quotes OR BAV, (iv) in TL, 2 years' NCB loss on the claim, (v) RC cancellation under MV Act after TL settlement — avoid double sale. Reject CTL recommendation if cost crosses 75% only because of inflated labour / wrongly fresh-price parts — recompute with depreciation.
कागज़ पर यह formula चलाएँ — मरम्मत estimate (depreciated parts + labour + taxes) + towing/recovery + salvage हटाने का खर्च ≥ 75% × IDV → CTL recommend। पक्का करें — (i) DOL की IDV (renewal date की नहीं), (ii) RTI add-on है तो IDV की जगह original invoice value पर settlement, (iii) salvage valuation के लिए कम से कम दो scrap-dealer quotes या BAV, (iv) TL में claim पर 2 साल का NCB loss, (v) TL settlement के बाद MV Act के तहत RC cancellation ज़रूरी — double sale से बचें। अगर cost सिर्फ़ inflated labour / गलत fresh-price parts की वजह से 75% पार कर रहा है तो CTL recommend न करें — depreciation के साथ recompute।
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