Total Loss 1 : (1) The complete loss of an insured property, where there is nothing of value to salvage. (2) A loss exceeding the maximum amount written in an insurance policy. (3) The complete destruction of a property
Ralph W. Burklin & Robert G. Purington, Fire Terms: A Guide to Their Meaning and Use, National Protection Association, Boston, MA 1980 USA. (Guide: Meaning and Use, Nat Prot Association Fr Srvc - Amer) {457}