actual total loss

Definition of "actual total loss"
  1. In marine insurance, it refers to a situation where the property, such as a boat or its cargo, is beyond repair or retrieval
How to use "actual total loss" in a sentence
  1. After the hurricane, the insurance company declared the ship an actual total loss.
  2. The freight contained in the ship was declared an actual total loss after it sank in last week's storm.
  3. The boat was deemed an actual total loss by the insurance company after the damaging fire.

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