英语词汇“reinstatement of the sum insured”的翻译、意思、用法、释义-英汉经管词典

单词	reinstatement of the sum insured
释义	reinstatement of the sum insured The payment of an additional premium to return the sum insured to its full level, after a claim has reduced it. Insurance policies are, in effect a promise to pay money if a particular event occurs. If a claim is paid, the insurance is reduced by the claim amount (or if a total loss is paid, the policy is exhausted). If the policyholder wishes to return the cover to its full value, a premium representing the amount of cover used by the claim must be paid. In the case of a total loss the whole premium must be paid again.
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