By this notice the insured party declares its intention to treat the loss as actual total loss. The notice must be given with reasonable diligence otherwise (or in the absence of a notice) the loss may be considered partial.
What is Notice of Abandon?
By this notice the insured party declares its intention to treat the loss as actual total loss. The notice must be given with reasonable diligence otherwise (or in the absence of a notice) the loss may be considered partial.
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