Glossary
- partial value insurance Subir
- The procedure is identical to that of full value insurance, with one difference: a percentage of the full value is established, which constitutes the sum insured and, therefore, the maximum limit of the indemnity. The premium is calculated on the basis of the full value with a discount in recognition of the fact that the insured sum is only a part of the total.
- periodic premiumSubir
- The periodic premium is the premium paid periodically, within the terms agreed upon for the duration of the insurance contract.
