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forma assicurativa a valore intero

English translation: full value insurance

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:forma assicurativa a valore intero
English translation:full value insurance
Entered by: Neil Crockford
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08:45 Feb 11, 2009
Italian to English translations [PRO]
Insurance
Italian term or phrase: forma assicurativa a valore intero
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.
Alice Fox
Italy
Local time: 11:49
full value insurance
Explanation:
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.
Selected response from:

Neil Crockford
Local time: 10:49
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +2full value insuranceNeil Crockford


  

Answers


25 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
full value insurance


Explanation:
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.

Neil Crockford
Local time: 10:49
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 99
Grading comment
Selected automatically based on peer agreement.
Notes to answerer
Asker: thanks again for the quick answers


Peer comments on this answer (and responses from the answerer)
agree  Michael Korovkin: a standard term, go for it!
40 mins
  -> Thanks, Michael

agree  blattanzi
3 hrs
  -> Thanks
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Changes made by editors
Feb 25, 2009 - Changes made by Neil Crockford:
Created KOG entryKudoZ term » KOG term


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