Section 60: Constructive total loss defined .-(1) Subject to any express provision in the policy, there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it could not be preserved from actual total loss without an expenditure which would exceed its value when the expenditure had been incurred

Q: What does Section 60 of The Marine Insurance Act, 1963 (TMIA) deal with?

Section 60 TMIA pertains to "Constructive total loss defined .-(1) Subject to any express provision in the policy, there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it could not be preserved from actual total loss without an expenditure which would exceed its value when the expenditure had been incurred". It is part of the The Marine Insurance Act, 1963, a legislation enacted by the Parliament of India. Section 60 of The Marine Insurance Act, 1963 (TMIA) governs constructive total loss defined .-(1) Subject to any express provision in the policy, there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it could not be preserved from actual total loss without an expenditure which would exceed its value when the expenditure had been incurred. As verified on 19 May 2026.

Q: Is Section 60 TMIA still in force?

Yes, Section 60 of the The Marine Insurance Act, 1963 is currently in force across the Republic of India.

Q: What is धारा 60 TMIA?

धारा 60 TMIA is the Devanagari Hindi reference for Section 60 of the The Marine Insurance Act, 1963. Section 60 of The Marine Insurance Act, 1963 (TMIA) governs constructive total loss defined .-(1) Subject to any express provision in the policy, there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it could not be preserved from actual total loss without an expenditure which would exceed its value when the expenditure had been incurred. As verified on 19 May 2026.

Q: What is Dhara 60 TMIA?

Dhara 60 TMIA is the Roman Hindi reference for Section 60 of the The Marine Insurance Act, 1963. "Dhara" means "Section" in Hindi. Section 60 of The Marine Insurance Act, 1963 (TMIA) governs constructive total loss defined .-(1) Subject to any express provision in the policy, there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it could not be preserved from actual total loss without an expenditure which would exceed its value when the expenditure had been incurred. As verified on 19 May 2026.

Q: How to cite Section 60 of The Marine Insurance Act, 1963?

Cite as: "Section 60, The Marine Insurance Act, 1963 (TMIA)" in legal briefs. For academic writing, use the BlueBook format: The Marine Insurance Act, 1963, § 60 (India).

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(2)

In particular, there is a constructive total loss-

(i) where the assured is deprived of the possession of his ship or goods by a peril insured against, and

(a) it is unlikely that he can recover the ship or goods, as the case may be, or

(b) the cost of recovering the ship or goods, as the case may be, would exceed their value when recovered; or

(ii) in the case of damage to a ship, where she is so damaged by a peril insured against that the cost of repairing the damage would exceed the value of the ship when repaired.

(iii) in the case of damage to goods, where the cost of repairing the damage and forwarding the goods to their destination would exceed their value on arrival.