constructive total loss
Examples of actual total loss
actual total loss
An
actualtotalloss occurs where the damages or cost of repair clearly equal or exceed the value of the property.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
In the case of an actualtotalloss no notice of abandonment need be given.
From Project Gutenberg
The insured may either treat constructive total loss as a partial loss or as an actualtotalloss, in which latter case he abandons his insured interest to the underwriter.
From Project Gutenberg
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