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Complete destruction of the victim's property

Total loss of the insured's property - total loss is understood to mean cases where repair of the damaged property is impossible or the cost of repairing the damaged property is equal to its value or exceeds its value as of the date of the insurance event1.

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Федеральный закон от 01.12.2007 № 306-ФЗ, "О внесении изменений в Федеральный закон "Об обязательном страховании гражданской ответственности владельцев транспортных средств" и статью 2 Федерального закона "О внесении изменений и дополнений в Закон Российской Федерации "Об организации страхового дела в Российской Федерации" и признании утратившими силу некоторых законодательных актов Российской Федерации""
Статья 1

  1. Federal Law No. 306-FZ dated December 1, 2007, "On Amending the Federal Law "On Compulsory Insurance of Civil Liability of Vehicle Owners" and Article 2 of the Federal Law "On Amending and Supplementing the Law of the Russian Federation "On Organization of Insurance Activities in the Russian Federation" and on Declaring Certain Legislative Acts of the Russian Federation as Lapsed" dated December 1, 2007, amended on June 24, 2008, Article 1, paragraph 9 // Official Compilation of Legal Acts of the Russian Federation. 2007. No. 49. P. 6067. ↩