Home > Glossary

With Average 3 Percent

With Average 3 Percent (WA3%)

Definition

An ocean marine policy provision that eliminates coverage for partial loss of below deck cargo amounting to less than 3 percent of insured value. Partial losses amounting to 3 percent or more of insured value are covered in full.

Related Terms

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free