Amount Of Loss

Amount Of Loss in United States

Amount Of Loss Definition

In Insurance. The diminution, destruction, or defeat to the insured of the value of, or of the charge upon, the insured object, by the direct conr sequence of the operation of the risk insured against, according to its valuefin thte policy, or in contribution for loss, io tat as its value is covered by the insurance/ 2 Phil. Ins. cc. 25-27; 2 Pars. Mar. Law, c. 10, § 1, cc. 11, 12; 9 Cush. (Mass.) ,415; 1 Gray (Mass.) 371; 26 N. H. 389; 31 N. H. 238; 5 Duer (N. Y.) 1; 1 Dutch. (N. J.) 506; 6 Ohio St. 200; 5 R. I. 426; 2 Md. 217; 7 El. & Bl. 172.

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Legal Issue for Attorneys

In Insurance. The diminution, destruction, or defeat to the insured of the value of, or of the charge upon, the insured object, by the direct conr sequence of the operation of the risk insured against, according to its valuefin thte policy, or in contribution for loss, io tat as its value is covered by the insurance/ 2 Phil. Ins. cc. 25-27; 2 Pars. Mar. Law, c. 10, § 1, cc. 11, 12; 9 Cush. (Mass.) ,415; 1 Gray (Mass.) 371; 26 N. H. 389; 31 N. H. 238; 5 Duer (N. Y.) 1; 1 Dutch. (N. J.) 506; 6 Ohio St. 200; 5 R. I. 426; 2 Md. 217; 7 El. & Bl. 172.

Notice

This definition of Amount Of Loss is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.


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