Glossary entry (derived from question below)
Swedish term or phrase:
tillrättakommen egendom
English translation:
recovered property
Swedish term
tillrättakommen egendom
thanks!
3 +1 | recovered > reinstated or restituted > property | Adrian MM. |
Oct 8, 2021 10:19: Adrian MM. Created KOG entry
Proposed translations
recovered > reinstated or restituted > property
One context:
if the insurance company pays out on a claim, and the property is recovered or money repaid, then the ins. co. will be 'subrogated' and entitled to the value of the excess.
A reinstated insurance policy means one restarted post-loss.
BTW, restitute vs. make restitution can be used as a verb.
Kommer egendom tillrätta för vilken ersättning utgetts tillkommer äganderätten Protector, och egendomen ska snarast ställas till Protectors förfogande.
The Recovered Property Condition states that if either you, or your insurance company, recover the property after a loss settlement, then you must promptly notify the other party. You have the option of retaining the recovered property.
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