ABSTRACT
English law recognises three forms of loss for the purposes of insurance on property:
(1) Actual total loss, when ‘‘the subject matter insured is destroyed or is so damaged as to cease to be a thing of the kind insured, or where the assured is irretrievably deprived of the insured subject matter’’. This is the definition in s. 57(1) of the Marine Insurance Act 1906 (MIA 1906) but it applies to all forms of property insurance.
