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	underinsurance
释义	underinsurance /'ʌndərin,ʃuərəns/ 英汉-汉英词典保险不足词组 \| 习惯用语您要查找的是不是： superabundance n. 多余,剩余,过多 under-insurance n. 不足额保险 reinsurance n. [经]再保险 coinsurance n. 共同保险；共同担保 underinsurance n. 保险不足；不足额保险英语百科 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.
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underinsurance /'ʌndərin,ʃuərəns/

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Condition of average