• a part of an insurance policy that states that if the insurance value of a property at the time of loss or damage is less than its real value, payment by the insurance company will be reduced according to the difference. For example, if a piece of jewellery worth £10,000 has an insurance value of £5,000, 50% of its real value, the insurance company will pay £2,500, which is 50% of the insurance value


    Average clauses meaning & definition 1 of Average clauses.

Similar Words

What is Define Dictionary Meaning?

Define Dictionary Meaning is an easy to use platform where anyone can create and share short informal definition of any word.
Best thing is, its free and you can even contribute without creating an account.



This page shows you usage and meanings of Average clauses around the world.