Total Loss definition

Total Loss means, in relation to a Ship:

Total Loss means, in relation to each Vessel:

Total Loss means any actual or constructive or arranged or agreed or compromised total loss or Compulsory Acquisition of the Vessel;

Examples of Total Loss in a sentence

• If any Insured Property is lost, destroyed or stolen, or is a Total Loss, and We pay You the full Sum Insured for such item, the insurance cover for that item will automatically end.

• Settlement Statement substantiating: the date of and cause of the Constructive Total Loss of Your Vehicle, vehicle valuation, estimate of damage, gross settlement amount, deductible and net settlement amount.

• If You do not have collectible physical damage insurance on the Date of Loss, it is Your responsibility to advise the GAP Administrator immediately when the Constructive Total Loss is discovered, and GAP Administrator will arrange for an independent inspection or appraisal in order to calculate the Actual Cash Value of the Vehicle immediately prior to the Constructive Total Loss.

• If Your Home Building, or any additional structure, or any item of Home Contents, is lost, destroyed or stolen, or is a Total Loss, and We pay You the full Sum Insured for such item, the insurance cover for that item will automatically end unless the subject matter of insurance is reconstructed and the Sum Insured is reinstated by paying additional premium.

• The basis of claim settlement can be on either Repair basis or on a Total Loss basis.

More Definitions of Total Loss

Total Loss means, in relation to each Vessel, the actual or constructive or compromised or arranged total loss of that Vessel, requisition for title or other compulsory acquisition of that Vessel (otherwise than by requisition for hire) or capture, seizure, arrest, detention or confiscation of that Vessel by any Governmental Agency or by persons acting or purporting to act on behalf of any Governmental Agency unless that Vessel be released and restored to the relevant Borrower from such capture, seizure, arrest, detention or confiscation within one month after the occurrence thereof.

Total Loss means Your Vehicle is the subject of accidental or malicious damage, fire or theft to the extent that Your Vehicle is beyond economical repair and has been recorded and registered as salvage categories A, B, C or D and a claim is paid as full and final settlement under the Motor Insurance, or third party motor insurance company.

Total Loss means the actual or constructive total loss (as a result of theft or material damage to the motor vehicle) resulting in a payment under your motor insurance policy.

Total Loss means any loss or damage that is not repairable or that would cost more to repair than the market value of the Equipment.

Total Loss means an actual or constructive or arranged total loss as a result of the Vehicles being lost, destroyed, stolen, confiscated, damaged beyond economic repair or otherwise rendered unfit for or unable to be used and the date of such Total Loss shall be the date of the loss, destruction, theft, confiscation or damage beyond economic repair.

Total Loss means any of the following in relation to the Aircraft, Airframe or any Engine and "TOTAL LOSS DATE" means the date set forth in parenthesis after each Total Loss:

Total Loss shall have the meaning ascribed thereto in the Mortgages;