In the event that your vehicle is stolen and can't be recovered, or is unrepairable after an accident, your claim may be settled as a total loss. You may have also heard this referred to as your vehicle being written off.
When this happens, we'll pay you the agreed value noted on your policy schedule, minus any applicable excess, any unpaid premium for your current policy term and and any on-road costs (such as vehicle registration fees or road user charges) that aren't fully paid or up to date. This amount should be enough for you to buy a replacement vehicle with the same specifications.
You can find the full details of how we'll cover you if your vehicle is a total loss in your policy document, under the 'How we will settle your claim' section, under the heading 'Paying your claim as a total loss'.