Loss that occurs when the insured property
(1) is totally destroyed, (2) is so damaged that it is no longer the thing that was insured, (3) is useless for the purpose for which it was bought
(such as water soaked cement), or (4) mysteriously disappears. On the occurrence of an ATL, no notice of abandonment
may be required
to be given to the insurer
. Also called total loss
. See also abandonment
, and constructive total loss.