A loss incurred due to an accident.
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UK: A term describing a loss, particularly used in the insurance of marine hulls. See CASUALTY BOOK; CASUALTY INSURANCE.
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Loss or liability arising from an accident or mishap, excluding certain losses or liabilities which, by law or custom, are considered as falling exclusively within the scope of the protection provided by Fire or marine Insurance. Casualty includes, but is not limited to, losses or liability covered by Employers Liability, Workmen’s Compensation, Public Liability, Automobile Liability, Plate Glass, Burglary and Theft Insurance.
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Refers to a loss, particularly the loss of a ship.