| 单词 | first-loss policy |
| 释义 | first-loss policy in British Englishnoun an insurance policy for goods in which a total loss is extremely unlikely and the insurer agrees to provide cover for a sum less than the total value of the property first-loss policy in Insurance (fɜrst lɔs pɒlɪsi) Word forms: (plural) first-loss policies noun (Insurance: Reinsurance) loss , loss , policyA first-loss policy is an insurance policy for goods in which a total loss is unlikely and the insurerprovides cover for a sum less than the total value of the goods. With large warehouses and stores where the value of stocks is considerable and ofbulky nature rendering a full loss very unlikely, a first-loss policy may be given. A first-loss policy is used when it is inconceivable that all property would be lost in a single claim. A first-loss policy is an insurance policy for goods in which a total loss is unlikely and the insurerprovides cover for a sum less than the total value of the goods. |
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