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Total Loss

Here’s a detailed text description of a Boat History Report indicating Total Loss: Report Overview 1. Vessel Identification: Hull Identification Number (HIN), registration number, title number, year, make, model, and vessel type. 2. Total Loss Designation: Official declaration of total loss by an insurance company, government agency or other authoritative entity. Total Loss Details 1. Date of Loss: Date the total loss occurred. 2. Location of Loss: Where the total loss occurred. 3. Type of Loss: Reason for total loss (e.g., collision, fire, flooding, theft). 4. Extent of Damage: Description of damage (e.g., hull breach, engine destruction). 5. Estimated Repair Cost: Cost estimate for repairs, exceeding vehicle’s value. 6. Actual Cash Value (ACV): Vehicle’s value at time of loss.

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