Condition of average

Illustration of the partial payout of Sum Insured against probability of occurrence

Condition of average (also called underinsurance in the U.S., or principal of average, subject to average, or pro rata condition of average in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured. In the event of partial loss, the amount paid against a claim will be in the same proportion as the value of the underinsurance.

单词	Subject to average
释义	Subject to average 英语百科 Condition of average Condition of average (also called underinsurance in the U.S., or principal of average, subject to average, or pro rata condition of average in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured. In the event of partial loss, the amount paid against a claim will be in the same proportion as the value of the underinsurance.
随便看	Character Recognition的意思 character recognition by means of comparing characters的意思 character recognition, characters with coding的意思 character recognition criteria的意思 character recognition device的意思 character recognition, electronic by means of masks的意思 character recognition machine的意思 character recognition, optical by meansof masks的意思 character recognition system的意思 character rectangle的意思 character reduction的意思 character reference的意思 character reference point的意思 character reference的意思 character register的意思 character relation的意思 character relational expression的意思 character release的意思 Character repertoire的意思 character repetition cycle的意思 character representation的意思 character requiring fillers的意思 character resistance的意思 character rod的意思 Character role的意思

Subject to average

Condition of average