What does constructive total loss mean?
Definitions for constructive total loss
con·struc·tive to·tal loss
This dictionary definitions page includes all the possible meanings, example usage and translations of the word constructive total loss.
Wikipedia
constructive total loss
Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though marine insurance also includes onshore and offshore exposed property, (container terminals, ports, oil platforms, pipelines), hull, marine casualty, and marine liability. When goods are transported by mail or courier or related post, shipping insurance is used instead.
Dictionary of Nautical Terms
constructive total loss
When the repair of damage sustained by the perils of the sea would cost more than the ship would be worth after being repaired.
Numerology
Chaldean Numerology
The numerical value of constructive total loss in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of constructive total loss in Pythagorean Numerology is: 5
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"constructive total loss." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/constructive+total+loss>.
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