SGI Total Loss Vehicle Value: How Saskatchewan Write-Offs Work
SGI's write-off decision compares repair cost, estimated salvage value and the vehicle's pre-loss market value. A total-loss settlement is based on market value rather than the original purchase price or remaining loan balance.
Key points
Confirm how this applies to the specific claim with SGI and any extension insurer involved.
Confirm how this applies to the specific claim with SGI and any extension insurer involved.
Confirm how this applies to the specific claim with SGI and any extension insurer involved.
Confirm how this applies to the specific claim with SGI and any extension insurer involved.
Loan balance is not the valuation formula
SGI bases the write-off decision and settlement on pre-loss market value and claim economics. A borrower can owe more or less than that market value, which is why loan balance should not be substituted for vehicle value.
Use SGI's current claim guidance
Claim processes and documentation requirements can change. Verify the current process with SGI before relying on a general explanation.
SGI — Total loss vehicles →