Total loss only (TLO) insurance
Mason Cooper
Updated on August 20, 2026
Total loss only (TLO) insurance,
Definition of Total loss only (TLO) insurance:
Marine insurance policy that pays damages only if the vessel or the cargo is totally destroyed. Since total loss only very occurs, TLO policies are usually cheaper than regular policies.
Meaning of Total loss only (TLO) insurance & Total loss only (TLO) insurance Definition
