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LSDefine

Simple English definitions for legal terms

total loss

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A quick definition of total loss:

Total loss means something is completely destroyed or lost. It can happen unexpectedly and can cause a lot of financial damage. For example, if a car is in an accident and can't be fixed, it's considered a total loss. Insurance can help cover the cost of a total loss. There are different types of losses, like direct loss which happens right away, and consequential loss which happens because of the damage. It's important to be careful and try to prevent total losses from happening.

A more thorough explanation:

Total loss refers to an undesirable outcome of a risk where there is a disappearance or reduction in value, usually in an unexpected or unpredictable way. It can also refer to the failure to maintain possession of something.

  • If a car is completely destroyed in an accident, it is considered a total loss.
  • If a property is sold for less than its adjusted value, the difference is considered a loss.
  • If an insured property is damaged, the financial detriment caused by the damage for which the insurer becomes liable is considered a loss.

These examples illustrate how total loss can occur in different situations, such as in accidents, sales, and insurance claims. In each case, there is a significant reduction in value or loss of possession that results in a total loss.

totality-of-the-circumstances test | total-offset rule

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JumpySubsequentDolphin
23:42
hi SPLITTY!!!
HIII DOLPHYY
stanford finally sent me a status checker tomight
do yall know if "Your file has been submitted for review" just means under review
Dkk
0:08
@SplitterusClitterus: really depends on the school. Could mean they have just received it. Could be it is under review. Could mean they already have a decision for you. For Stanford, idk.
Mmm ok thank you
JumpySubsequentDolphin
1:19
my friend JUST sent me that omg
JumpySubsequentDolphin
1:19
also @renard that shows your IG handle
JumpySubsequentDolphin
1:20
I assume you don’t want to doxx yourself 😧
JumpySubsequentDolphin
1:20
if we send enough messages it will stop showing the message tho!!!!!!!!
JumpySubsequentDolphin
1:21
@renard99: come back and spam messages I only have so many left 😔
JumpySubsequentDolphin
1:23
. . .
Dkk
1:49
@renard99: you shared a post a good friend of mine had liked. Lmfao but respect +1
Dkk
1:49
I laughed at it too +1
1:50
Damn lol
1:50
Follow me brah
JumpySubsequentDolphin
2:01
I followed you
JumpySubsequentDolphin
2:01
don’t dox me ☹️
2:06
Nw I won’t dox you 😎
JumpySubsequentDolphin
2:07
don’t judge my feed either I’m bad at Instagram :/
3:17
has anyone here worked for a DAs office during the school year
3:43
LMFAOOO THE INSTAGRAM POST
m10
3:50
I have no idea how it shows his Insta handle. This makes me an old man.
Dkk
3:52
i think you all are just bullshitting
Dkk
3:54
Y'all are gay af.
Dkk
3:54
Making drama out of nothing like a buncha homosexuals.
5:45
Dk I think it shows up
5:45
if you’re already signed into Instagram
5:55
workin workin, grinding
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