60 Constructive total loss defined
Marine Insurance Act 1906 (1906 c 41) | Legislation

60  Constructive total loss defined

(1)     Subject to any express provision in the policy, there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it could not be preserved from actual total loss without an expenditure which would exceed its value when the expenditure had been

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