Meaning FIRST LOSS INSURANCE
What does FIRST LOSS INSURANCE mean? Here you find 3 meanings of the word FIRST LOSS INSURANCE. You can also add a definition of FIRST LOSS INSURANCE yourself
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FIRST LOSS INSURANCEInsurance where the sum insured is accepted to be less than the value of the property but the insurer undertakes to pay claims up to the sum insured, without application of average.
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FIRST LOSS INSURANCEInsurance where the sum insured is accepted to be less than the value of the property but the insurer undertakes to pay claims up to the sum insured, without application of average.
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FIRST LOSS INSURANCEFirst Loss Insurance is the insurance practice that covers only up to a maximum a possible loss, disregarding the overall value of the insured item, which can be much higher and in a case of a damage [..]
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