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单词 insured value
释义

insured value

Definition
Amount for which an insurance cover is bought on a building, and the basis on which insurance premium is computed. According to the coinsurance clause, it must not be lower than a certain percentage (usually 80 percent) of the insurable value of the building to be able to claim a partial loss in full.
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更新时间:2025/4/16 20:55:25