Spanish: compensación de capitales en una situación de riesgoEnglish translation: compensation/netting/offset of insured principal under risk 
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| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | Spanish term or phrase: | compensación de capitales en una situación de riesgo | | English translation: | compensation/netting/offset of insured principal under risk | | Entered by: | Miguel Garcia Uriburu |
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Spanish to English translations [PRO]
Bus/Financial - Insurance / Insurance Policy | | Spanish term or phrase: compensación de capitales en una situación de riesgo | Hello,
Any ideas on the above phrase from an insurance policy? This is the description of the clause: Se hace constar expresamente que, en caso de siniestro amparado por las garantías de la presente póliza si el capital asegurado en la situación del riesgo afectada para los conceptos de "Edificios y Maquinaria, Mobiliario e Instalaciones" tomado separadamente, fuese inferior al valor de cualquiera de ellos, y en cambio en conjunto fuere igual o superior, no se tomará cada concepto separadamente para el cálculo de la indemnización, sino el capital total asegurado por ambos. Thanks in advance. |
| | | compensation/netting/offset of insured principal under risk | Explanation:
My version. Creo que así responde mejor al contexto de la claúsula.
Ver el Alcaraz Varó Hughes Financiero, pág. 837, "compensación 1,compensación 2" y pág. 838, "compensación/liquidación por saldos netos".-
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Note added at 6 days (2007-12-17 09:04:06 GMT) Post-grading
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"Principal" here is equivalent to "sum" or "capital". I have no place left to answer my colleague's disagrees, so I'll stop the arguments and leave it to common sense, the most uncommon of senses...as they say.
For the record, I've seen zillions of insurance policies where the term "insured capital" or "insured principal" is used, depending on the policy type.- Honni soit qui mal y pense.- |
| Selected response from:
 Miguel Garcia Uriburu
Spain
| Note from asker to answererThanks again.
3 KudoZ points were awarded for this answer |
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59 mins confidence:  peer agreement (net): +1 |
| Transfer of sums insured in a risk location
Explanation:
This is a concession on the average clause. If there is under-insurance on one or other of the buildings, plant and machinery or contents items for a particular location, average will not be applied if the overall sum insured for the location is adequate
| Neil Crockford
United Kingdom
Specializes in field
Native speaker of:  English
PRO pts in category: 88
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| imdemnified asset losses under risk
Explanation:
That is what an insurance policy does. It indemnifies insured asset losses, in this case.
| bigedsenior
United States
Works in field
Native speaker of:  English
PRO pts in category: 89
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17 hrs confidence:  peer agreement (net): -1 |
| compensation/netting/offset of insured principal under risk
Explanation:
My version. Creo que así responde mejor al contexto de la claúsula.
Ver el Alcaraz Varó Hughes Financiero, pág. 837, "compensación 1,compensación 2" y pág. 838, "compensación/liquidación por saldos netos".-
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Note added at 6 days (2007-12-17 09:04:06 GMT) Post-grading
--------------------------------------------------
"Principal" here is equivalent to "sum" or "capital". I have no place left to answer my colleague's disagrees, so I'll stop the arguments and leave it to common sense, the most uncommon of senses...as they say.
For the record, I've seen zillions of insurance policies where the term "insured capital" or "insured principal" is used, depending on the policy type.- Honni soit qui mal y pense.-
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The translation workplace 
