Meaning Average Clause
What does Average Clause mean? Here you find 5 meanings of the word Average Clause. You can also add a definition of Average Clause yourself
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Average ClauseAverage clause is a clause in ocean marine insurance which sets out the coverage provided in the event of partial loss. The term is more associated with marine cargo insurance policies. The general av [..]
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Average ClauseAnother term for a Coinsurance Clause (See Coinsurance.)
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Average ClauseThe clause in marine policy which sets out the coverage provided in the event of partial loss.
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Average ClauseA clause in a policy, whereby partial losses are subject to special conditions (eg a franchise or deductible is to be applied to claims).
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Average ClauseAnother term for a Coinsurance Clause (See Coinsurance.)
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