Glossary entry

Dutch term or phrase:

eerste risico

English translation:

First loss

Added to glossary by Andre de Vries
Dec 17, 2007 21:40
16 yrs ago
5 viewers *
Dutch term

eerste risico

Dutch to English Bus/Financial Insurance
Mag ik de te verzekeren waarde van het gebouw zelf kiezen ?

Ja, maar als het verzekerde bedrag lager is dan de waarde van het goed, wordt de evenredigheidsregel toegepast. Als u zich verzekert in eerste risico, beperkt de maatschappij haar tussenkomst tot de verzekerde waarde zonder de evenredigheidsregel toe te passen.
Proposed translations (English)
5 +2 First loss
4 -1 First risk

Proposed translations

+2
11 hrs
Selected

First loss

"verzekert in eerste risico" is expressed as "on a first loss" basis in the UK.
Peer comment(s):

agree writeaway
1 hr
Thanks
agree Michael Beijer
1872 days
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "thanks"
-1
13 mins

First risk

This is a standard type of insurance for properties. and others.
Peer comment(s):

neutral writeaway : can you find a native English ref to back your answer? This seems to be a Hungarian site translated into English
55 mins
disagree Neil Crockford : A literal translation, but not one used in the UK insurance market
11 hrs
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