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|Spanish to English translations [PRO]|
Bus/Financial - Insurance / insurance
|Spanish term or phrase: siniestro consorciable|
|No context other than it's an insurance document and refers to a flood, and is part of a list of bullet points. I get the idea that it's a loss covered by an insurance syndicate, but is there a specific term for this? TIA!|
|loss covered by ...(rest below)|
having just done quite a few insurance translations, if this is Spain, I think this refers to the Consorcio de Compensación de Seguros, which covers certain losses that are not covered by a normal insurance policy (such as: earthquakes and seaquakes, extraordinary floods, volcanic eruptions, uncharacteristic cyclones and fall of astral bodies and meteorites, etc.)
Not many hits, but the pdf ref is quite interesting.
I would therefore suggest something like:
a loss covered by the Consorcio de Compensación de Seguros [Insurance Compensation Fund]
Selected response from:
Local time: 18:17
|Thanks, Nikki. It is for Spain, so your answer fits best. For the record, here's the info. on the Consorcio you referenced: |
Consorcio de Compensación de Seguros: Es un organismo público que depende del Ministerio de Economía y Hacienda. Da cobertura a los siniestros que se deriven de hechos extraordinarios ocurridos en España, ya sea a las personas o a los bienes, como los terremotos, maremotos o inundaciones extraordinarias. En todas las pólizas de seguros, excepto en los seguros de vida puros, se incluye un recargo que va para el Consorcio.
Thanks to all others who answered and graded, too.
4 KudoZ points were awarded for this answer
10 mins confidence: peer agreement (net): +4
underwriting syndicate catastrophe coverage [for damages]
Partly from the Orellana and partly from personal experience.
Local time: 12:17
Native speaker of: English
PRO pts in category: 12