total loss

Fire insurance.
The complete destruction of the insured property by fire, so that nothing of value remains from it; as distinguished from a partial loss, where the property is damaged, but not entirely destroyed. Test whether building burned is "total loss" is whether substantial portion is left standing in condition reasonably suitable as basis on which to reconstruct building in like condition as to strength, security, and utility as it was before fire. Commerce Ins. Co. v. Sergi, Tex.Civ.App., 60 S.W.2d 1046.
Total loss is such destruction of a building as that, after the fire, there remains standing in place no substantial remnant thereof which a reasonably prudent owner, uninsured, desiring to restore the building to its original condition, would utilize as a basis of such restoration. Crutchfield v. St. Paul Fire & Marine Ins. Co., Tex.Civ.App., 306 S.W.2d 948, 952.
@ actual total loss
The total loss of a vessel covered by a policy of insurance, by its real and substantive destruction, by injuries which leave it no longer existing in specie, by its being reduced to a wreck irretrievably beyond repair, or by its being placed beyond the control of the insured and beyond his power of recovery. Distinguished from a constructive total loss, which occurs where the vessel, though injured by the perils insured against, remains in specie and capable of repair or recovery, but at such an expense, or under such other conditions, that the insured may claim the whole amount of the policy upon abandoning the vessel to the underwriters. In such cases the insured is entitled to indemnity as for a total loss.
@

Black's law dictionary. . 1990.

Look at other dictionaries:

  • total loss — see loss Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. total loss …   Law dictionary

  • total loss — The complete destruction of the property covered by an insurance policy. The complete destruction of a building as a building, although not necessarily the extinction of all its parts as materials or such destruction that no part is left standing …   Ballentine's law dictionary

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  • total loss — total damage, complete disaster, went out of use, not able to be fixed …   English contemporary dictionary

  • total loss — Synonyms and related words: bereavement, bomb, breakdown, breaking up, breakup, bust, cataclysm, catastrophe, cave, cave in, collapse, cost, crack up, crash, damage, dead loss, debacle, debit, denial, denudation, deprivation, despoilment,… …   Moby Thesaurus

  • total loss — noun : loss that makes property valueless to an insured …   Useful english dictionary

  • total loss — noun An insured item of which the entire value is written off …   Wiktionary

  • total loss control — Gen Mgt the implementation of safety procedures to prevent or limit the impact of a complete or partial loss of an organization’s physical assets. Total loss control is based on safety audit and prevention techniques. It is concerned with… …   The ultimate business dictionary

  • total loss of eyesight — A complete loss of eyesight; a loss of eyesight to the extent that one cannot distinguish colors or objects one from another in good light, although he can distinguish between light and darkness; in some contexts, loss of eyesight which disables… …   Ballentine's law dictionary

  • total loss of business time — Inability to work at one s specific occupation, regardless of ability to do other work. Continental Casualty Co. v Wagner (CA8 Mo) 195 F2d 936, 31 ALR2d 1216. See total disability for work …   Ballentine's law dictionary

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