You are looking at 1-5 of 5 entries
View:
- no detail
- some detail
- full detail
abandonment
The act of giving up the ownership of something covered by an insurance policy and treating it as if it has been completely lost or destroyed. If the insurers agree to abandonment, they will pay a ...
actual total loss Reference library
The Handbook of International Financial Terms
An insurance write-off in respect of a claim.
constructive total loss
A loss in which the item insured is not totally destroyed but is so severely damaged that it is not financially worth repairing. The Marine Insurance Act 1906 defines a constructive total loss as one ...
marine insurance
A form of insurance in which the insurer undertakes to indemnify the insured against loss of the ship (hull insurance), the cargo, any sums paid in freight ( freight insurance), or any liability to a ...
partial loss
(in marine insurance) Any loss of the subject matter of an insurance policy other than an actual total loss or a constructive total loss. In the case of a partial loss there is a lesser measure of ...
View:
- no detail
- some detail
- full detail
