Actual Loss – the real and substantial destruction, whether total or partial, of insured property

actual loss:
(18c)

1. A loss resulting from the real and substantial destruction of insured property. [1]

1. The extent of an insurance company’s liability; the real loss, whether total or partial.
     See and compare partial loss; total loss. [2]

References:

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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]:  Ballantine’s Law Dictionary Legal Assistant Edition by Jack Ballantine (James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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