Abandonment to insurer

Abandonment to insurer

What does Abandonment to insurer mean in American Law?

The definition of Abandonment to insurer in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

Notification by an insured to an insurer that, because of the extent of damage to the insured property, he will take the insurance proceeds and the insurer can have whatever is left of the insured property. The insured’s right so to behave will depend on the terms of the insurance contract he has purchased. With respect to marine insurance, see fifty per cent rule.


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