{"@context":"https://schema.org","@type":"DefinedTerm","name":"total loss","description":"Total loss occurs when insured goods are so severely damaged or destroyed that repair is either physically impossible or economically unjustifiable given the goods' value. In cargo and transport insurance, adjusters weigh estimated repair or recovery costs against the insured or market value at the time of loss to determine whether the total loss threshold has been crossed. Maritime insurance draws a clear line between actual total loss – where goods are physically destroyed or irretrievably los","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/total-loss","inLanguage":"en","dateModified":"2026-06-26T17:36:30.526298","citation":"https://www.duden.de/rechtschreibung/Totalschaden","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/total-loss","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"total loss · Total loss occurs when insured goods are so severely damaged or destroyed that repair is either physically impossible or economically unjustifiable given the goods' value. · Quelle: https://www.duden.de/rechtschreibung/Totalschaden"}