Total loss of cargo is governed by a ________ in a maritime insurance policy.

Name: Total loss of cargo is governed by a ________ in a maritime insurance policy.
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Total loss of cargo in a maritime insurance policy is governed by a constructive loss clause. This clause allows for a claim to be made when the cargo is not completely destroyed but is so damaged that it is considered a total loss, or the cost of salvaging the cargo would exceed its value.

Total Loss of Cargo Is Governed by a ________ in a Maritime