constructive total loss

简明释义

推定全损

英英释义

例句

1.The yacht was submerged for several days, leading the owner to accept it as a constructive total loss 构成全损.

这艘游艇被淹没了几天，导致船主接受它作为构成全损。

2.After the accident, the insurance company declared the car a constructive total loss 构成全损 due to the extensive damage.

事故发生后，保险公司因损坏严重将汽车判定为构成全损。

3.The insurer assessed the damages and concluded that it was a constructive total loss 构成全损.

保险公司评估了损失，得出结论认为这是一个构成全损。

4.In maritime law, a ship can be considered a constructive total loss 构成全损 if the cost of repairs exceeds its value.

在海商法中，如果修理费用超过船只的价值，船只可以被视为构成全损。

5.Due to the flood damage, the property was classified as a constructive total loss 构成全损 by the adjuster.

由于洪水损害，该物业被理赔师归类为构成全损。

作文

In the world of insurance and maritime law, the term constructive total loss plays a crucial role in determining the extent of damage and the subsequent financial implications for both insurers and policyholders. A constructive total loss occurs when the cost of repairing an asset exceeds its actual value, making it more economically viable to declare the asset a total loss rather than repair it. This concept is particularly relevant in the shipping industry, where vessels may suffer significant damage due to various factors such as storms, collisions, or grounding. To illustrate this concept, consider a scenario where a cargo ship encounters a severe storm and sustains extensive damage. The initial assessment by marine surveyors indicates that the cost to repair the ship would amount to $1 million. However, the current market value of the ship is only $600,000. In this case, the ship owner faces a dilemma: should they invest in repairing the vessel, or should they accept the loss? Given that the repair costs exceed the ship's value, this situation qualifies as a constructive total loss. The implications of declaring a constructive total loss are significant. Once the ship owner decides to proceed with this declaration, they can file a claim with their insurance company for compensation based on the insured value of the ship. This process allows the owner to recover some financial losses without having to invest further in repairs that would not yield a return on investment. Furthermore, understanding the nuances of constructive total loss is vital for insurance companies as well. Insurers must assess the situation thoroughly to determine whether the damage meets the criteria for a constructive total loss. If they agree with the assessment, they will settle the claim and may subsequently salvage the damaged ship to recoup some of their losses. This aspect of risk management is essential for maintaining profitability within the insurance sector. In addition to the shipping industry, the concept of constructive total loss extends to other sectors, such as automotive and property insurance. For example, if a car is involved in a severe accident and the cost of repairs is higher than the vehicle's market value, the insurer may classify it as a constructive total loss. Similarly, in property insurance, if a home suffers extensive fire damage and the repair costs surpass the home's value, the homeowner may face a similar decision. Overall, the term constructive total loss encapsulates a critical aspect of risk assessment and financial decision-making in various industries. It emphasizes the importance of evaluating the economic viability of repairing an asset versus declaring it a total loss. By understanding this concept, stakeholders can make informed decisions that align with their financial interests while navigating the complexities of insurance claims and asset management. As we continue to encounter unpredictable risks in our lives, the relevance of constructive total loss will undoubtedly remain significant in the realm of insurance and beyond.

在保险和海事法的世界中，术语构成性全损在确定损害程度及其对保险公司和保单持有人的财务影响方面发挥着至关重要的作用。构成性全损发生在修复资产的成本超过其实际价值时，使得宣告资产为全损而不是修复更具经济可行性。这个概念在航运行业尤为相关，因为船只可能由于风暴、碰撞或搁浅等各种因素遭受重大损害。为了说明这个概念，考虑一个场景：一艘货轮遇到严重风暴，遭受了广泛的损害。海洋测量师的初步评估表明，修复船只的费用将高达100万美元。然而，船只的当前市场价值仅为60万美元。在这种情况下，船东面临一个困境：他们应该投资修理船只，还是应该接受损失？鉴于修复成本超过船只的价值，这种情况符合构成性全损的标准。宣告构成性全损的影响是显著的。一旦船东决定继续进行这一声明，他们可以向保险公司提出索赔，以获得基于船只保险价值的赔偿。这一过程使船东能够在不需要进一步投资无法获得投资回报的修复的情况下，收回一些财务损失。此外，理解构成性全损的细微差别对于保险公司来说也至关重要。保险公司必须彻底评估情况，以确定损害是否符合构成性全损的标准。如果他们同意这一评估，他们将结算索赔，并可能随后对损坏的船只进行打捞，以收回部分损失。这种风险管理的方面对于维持保险行业的盈利能力至关重要。除了航运业，构成性全损的概念还延伸到汽车和财产保险等其他行业。例如，如果一辆汽车在严重事故中受损，修复费用高于车辆的市场价值，保险公司可能会将其归类为构成性全损。同样，在财产保险中，如果一所房屋遭受严重的火灾损害，修复成本超过房屋的价值，房主可能面临类似的决定。总体而言，术语构成性全损概括了各个行业风险评估和财务决策的关键方面。它强调了评估修复资产的经济可行性与宣告总损失之间的重要性。通过理解这一概念，利益相关者可以做出符合其财务利益的明智决策，同时应对保险索赔和资产管理的复杂性。随着我们在生活中继续遇到不可预测的风险，构成性全损的相关性无疑将在保险领域及其他领域保持重要性。