Constructive total loss
Defined in 2 dictionaries — Black's (1910), Black's (1891)
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
In marine insurance. This occurs where the loss or injury to the vessel insured does not amount to its total disappearance or destruction, but where, although the vessel still remains, the cost of repairing or recovering it would amount to more than its value when so repaired, and consequently the insured abandons it to the. underwriters. See Insurance Co. v. Sugar Refining Co., 87 Fed. 491, 31 C. C. A, 65.
Defined under Total Loss in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
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.