Definitions for "Constructive Total Loss"
Keywords:  salvage, repair, exceed, recover, worth
Insurance term where the cost of repairing, retrieving and forwarding the goods exceeds their insured value.
In Ocean Marine insurance, a loss which occurs when property is not completely destroyed but the cost to salvage or repair the property would exceed its value.
A claim from the insurance company that the value to repair the property exceeds the property's market value.
Keywords:  cordage, expressions, parts
Expressions Cordage Parts