Constructive Total Loss
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
In marine insurance. This occura where the loss or injury to the vessel insured does not naing, the cost of repairing or recovering ‘t old amount to more than its value when 60 repaired, and consequently the insured ‘abandons it to the underwriters, See Aor- ‘VAL Tota Loss.