Total Loss - Law Dictionary Search Results
Constructive total loss
Matched in: Term Constructive total loss
constructive total loss
Matched in: Term constructive total loss
total loss
Matched in: Term total loss
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actual total loss
Matched in: Term actual total loss
loss
Matched in: Term loss
Insurance
sacrificed for the common safety or which does not otherwise come under the heading of general average or total loss. Losses where the goods are saved, but in such a state as to be unfit to forward to … to the insurer, and the value insured claimed from him, he retaining the property so abandoned. See CON-STRUCTIVE TOTAL LOSS. All the elements of general average may be classed under four heads (1) Sacrifice of part of the
Wrongful gain, wrongful loss
Matched in: Term Wrongful gain, wrongful loss
Abandonment
call upon the assurers to pay the full amount of the insurance, as in the case of a total loss. The loss is in such case called a 'constructive total loss' (English) Marine Insurance Act, 1906 (6 Edw. … insurance, as in the case of a total loss. The loss is in such case called a 'constructive total loss' (English) Marine Insurance Act, 1906 (6 Edw. 7, c. 41), s. 60; no abandonment is necessary where there
Average
particular average in marine insurance policies.' As to salvage loss and generally, see tits. 'ADJUSTMENT,' 'INSURANCE' and 'CONSTRUCTIVE TOTAL LOSS,' and consult Arnould's Marine Insurance and Carver's Carriage by Sea. (3) Also a small duty paid to masters
credit loss ratio
Matched in: Term credit loss ratio
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