with particular average definition

with particular average

Marine insurance provision under which the insured cargo is covered for partial damage from seawater or loss from breakage, leakage, theft, etc. This cover, however, comes into force only when the damage or loss exceeds a certain percentage (usually 3 percent) of the cargo's value. See also particular average.

with particular average is in the General, Marine, & Life Insurance and Shipping, Transport, & Travel subjects.

with particular average appears in the definitions of the following terms: with average and free of particular average (FPA)

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