In de gegeven (verzekerings)context zou ik zeggen 'destruction'
verlies of vergaan > loss or destruction

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Note added at 14 mins (2004-07-05 12:23:45 GMT)
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Causes of loss or destruction
Subject to the provisions of this section, the owner or operator
(hereinafter referred to as the \'\'vessel owner\'\') of any fishing
vessel which is a vessel of the United States is eligible for
monetary compensation under this section for any damage to, loss
of, or destruction of such vessel, or any fishing gear used with
such vessel, or both, and for any resulting economic loss, if the
damage, loss, or destruction -
http://caselaw.lp.findlaw.com/casecode/uscodes/22/chapters/2...