Section 57
Actual total loss.
The Marine Insurance Act, 1963
About this Act
An Act to codify the law relating to marine insurance.
(1) Where the subject-matter insured is destroyed, or so damaged as to cease
to be a thing of the kind insured, or where the assured is irretrievably deprived thereof, there is an actual
total loss.
(2) In the case of an actual total loss no notice of abandonment need be given.
(2) In the case of an actual total loss no notice of abandonment need be given.