marine rule

marine rule. The doctrine that if the cost of restoring damaged property would exceed one-half the value of the property before the damage, then the property is deemed to be totally destroyed. • The marine rule developed in the context of applying marine insurance to damaged ships, but it has also been applied to other property, including buildings.

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词条贡献者

译员圣强，国际仲裁与争端解决专业，专注翻译各种与跨境争议有关的法律文件。