With average is an ocean marine policy provision that covers partial loss of below deck cargo on...
with particular average
In ocean marine insurance, with particular average is an insurance policy that covers a partial loss sustained by a specified cargo or vessel.
Additional Information
Ocean marine policies do not necessarily cover partial loss (referred to as "average" loss); those that are covered must be the result of a covered peril. Such cargo losses are usually subject to separate particular average coverage provisions.
Summary
Related Terms
With average 3 percent is an ocean marine policy provision that eliminates coverage for partial...
