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Crediti del Contraente verso l'Assicurato

English translation: Amounts due to the policy holder by the insured party

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06:24 May 12, 2011

Italian to English translations [PRO]
Bus/Financial - Insurance

Italian term or phrase: Crediti del Contraente verso l'Assicurato

Good morning.

Crediti del Contraente verso l'Assicurato

Dal risarcimento dovuto all'Assicurato la Società avrà diritto di dedurre l'importo di ogni eventuale credito del Contraente verso l'Assicurato e degli eventuali ricuperi effettuati da quest'ultimo prima del pagamento del risarcimento da parte della Società.

I'm not sure what this means.

Here is what I understand (in simple terms) - Before the Company pays the Insured it will deduct any **credito del Policyholder verso the Insured** as well as any amounts already collected by the Insured

Kelly Gill KudoZ activity Questions: 83 (4 open) (11 closed without grading) Answers: 64 Italy
Local time: 19:58

English translation:Amounts due to the policy holder by the insured party

Explanation:
Your understanding is correct, the insurance payout is reduced by any amounts due by the insured party (which are offset against the payout). By recuperi I presume that means insurable losses which the insured party is able to avoid, and which hence no longer need to be compensated.

I don't think you need to use anything more fancy like receivables/payables in this context.