MLchartDataset catalogue

With average (WA)

Term · Insurance and risk management · MLC-T-INS-003542

A marine cargo insurance clause indicating that the policy covers partial losses (particular average) as well as total losses, subject to certain conditions and deductibles. This clause provides broader coverage than 'free of particular average' (FPA) clauses, which only cover total losses or specific types of partial losses. The specific terms of coverage are detailed in the policy wording.

Table 1. Record
IdentifierMLC-T-INS-003542
FieldInsurance and risk management
AbbreviationWA
Record as JSON 
{
  "id": "MLC-T-INS-003542",
  "term": "With average (WA)",
  "field": "Insurance and risk management",
  "definition": "A marine cargo insurance clause indicating that the policy covers partial losses (particular average) as well as total losses, subject to certain conditions and deductibles. This clause provides broader coverage than 'free of particular average' (FPA) clauses, which only cover total losses or specific types of partial losses. The specific terms of coverage are detailed in the policy wording.",
  "abbreviation": "WA",
  "url": "https://mlchart.com/terminology/insurance/with-average-wa/"
}

Record 3,656 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.