Ocaso - Seguro de decesos - seguros de vida - seguros del hogar

Glossary

under-insuranceSubir
Under-insurance. The application of the proportional rule of “average”: In those cases in which, when the claim occurs, the sum insured is lower than the value of the insured interest (under-insurance), the insurer will only indemnify the loss or damage caused in the same proportion as the sum insured covers the insured interest.