, not an 'actual total loss' but a situation where (1) the actual total loss appears unavoidable (as in case
goods), or (2) a partial loss
has occurred to an extent that the property
is beyond economical repair
(cost of restoring it exceeds its insured
value). In CTL cases, the insured may (if terms of the insurance policy
permit) abandon the property by giving a 'notice of abandonment' to the insurer
who then assumes all rights to the property.