![What is a Notice of Abandonment in Marine Insurance?](/blog/content/images/size/w500/2024/01/What-is-a-Notice-of-Abandonment--in-Marine-Insurance.png)
What is a Notice of Abandonment in Marine Insurance?
When a vessel is damaged or lost, the owner or captain may decide to file a Notice of Abandonment with their marine insurance company. This notice is a formal declaration that the owner is relinquishing all rights and interests in the vessel to the insurer.