- total sum insured
- n.Gesamtversicherungssumme f.
English-german dictionary. 2013.
total sum insured
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reinstatement of the sum insured — The payment of an additional premium to return the sum insured to its full level, after a claim has reduced it. Insurance policies are, in effect, a promise to pay money if a particular event occurs. If a claim is paid, the insurance is reduced… … Big dictionary of business and management
sum — I /sʌm/ noun 1. a quantity of money ● A sum of money was stolen from the human resources office. ● He lost large sums on the Stock Exchange. ● She received the sum of £5000 in compensation. ♦ the sum insured the largest amount which an insurer… … Dictionary of banking and finance
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floating policy — An insurance policy that has only one sum insured although it may cover many items. No division of the total is shown on the policy and the policyholder is often able to add or remove items from the cover without reference to the insurers,… … Big dictionary of business and management
blanket policy — An insurance policy that covers a number of items but has only one total sum insured and no insured sums for individual items. The policy can be of any type, e. g. covering a fleet of vehicles or a group of buildings … Big dictionary of business and management
Condition of average — Illustration of the partial payout of Sum Insured against probability of occurrence Condition of average (also called underinsurance[1] in the U.S., or principal of average[2], su … Wikipedia
Italy — • In ancient times Italy had several other names: it was called Saturnia, in honour of Saturn; Enotria, wine producing land; Ausonia, land of the Ausonians; Hesperia, land to the west (of Greece); Tyrrhenia, etc. The name Italy, which seems to… … Catholic encyclopedia
insurance — Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed upon sum to the insured in the event of loss. Bloomberg Financial Dictionary * * * insurance in‧sur‧ance [ɪnˈʆʊərəns ǁ… … Financial and business terms
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