SEC. 130. An actual total loss is caused by:
A total destruction of the thing insured;
The irretrievable loss of the thing by sinking, or by being
broken up;
Any damage to the thing which renders it valueless to the owner
for the purpose for which he held it; or
Any other event which effectively deprives the owner of the
possession, at the port of destination, of the thing insured.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationPD 612 (The Insurance Code) Section 130 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
