Question on: SS2 Commerce - Marine losses

What is the term used for a situation where the insured property is completely destroyed or irretrievably lost?

 

View related lesson
A

Actual Total Loss

 

B

Constructive Total Loss

 

C

Total Loss

 

Ask EduPadi AI for a detailed answer
Correct Option: C

Total Loss

 

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses