Glossary entry (derived from question below)
Italian term or phrase:
forma assicurativa a valore intero
English translation:
full value insurance
Added to glossary by
Neil Crockford
Feb 11, 2009 08:45
15 yrs ago
6 viewers *
Italian term
forma assicurativa a valore intero
Italian to English
Other
Insurance
Insurance policy for hang glider - type of insurance cover which refunds 10 if the damage is 10 and the object has been insured for 10 and refunds 3 if the damage is 3.....as opposed to the "primo rischio assoluto" which, I am told, means insuring something for a proportion of its value and being refunded the same proportion of damage.
Proposed translations
(English)
| 5 +2 | full value insurance |
Neil Crockford
|
Change log
Feb 25, 2009 09:30: Neil Crockford Created KOG entry
Proposed translations
+2
25 mins
Neil Crockford
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Native in: English 
Works in: German to English, Portuguese to English, Spanish to English, and 7 more.
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99
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full value insurance
Unlike a first loss insurance, the insured property is here insured for its full value.
If when a loss occurs , it is found that the insured value is less than the true value, then the claim is normally paid only in the proportion that the insured value bears to the true value.
If when a loss occurs , it is found that the insured value is less than the true value, then the claim is normally paid only in the proportion that the insured value bears to the true value.
Note from asker:
| thanks again for the quick answers |
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
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