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KembaraXtra – Travel Terms: abandonment
In insurance, abandonment describes the owner’s right to claim the total sum insured for aircraft, ships, or coaches, particularly where circumstances such as detention abroad or partial damage may justify declaring a constructive total loss and claiming in full. The entry adds that in the US the same word is also used when an airline no longer wishes to operate a route for which it has been granted a licence.
In insurance, abandonment describes the owner’s right to claim the total sum insured for aircraft, ships, or coaches, particularly where circumstances such as detention abroad or partial damage may justify declaring a constructive total loss and claiming in full. The entry adds that in the US the same word is also used when an airline no longer wishes to operate a route for which it has been granted a licence.
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