With Average

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With Average (W.A.)

Marine cargo insurance coverage providing for partial loss or damage to goods, either with or without a deductible. Also called With particular average.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

With Average

A provision in maritime transport insurance stating that the insurer is responsible for partial losses on the value of the covered products. Sometimes with-average plans include deductibles, and sometimes they do not. Depending on the amount of the deductible, the insurer of a with-average plan will be liable for losses if some of the products break in transit. For example, if one is transporting $10,000 worth of goods over sea and $2,000 in goods are washed overboard, the with-average policy covers the owner of the goods for $2,000 (assuming no deductible). This contrasts with a free of particular average plan, in which the insurer is generally only responsible for catastrophic losses.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
1988-1993: An attempt was made to limit the protection of the WPA only if it was their employer's violation of law, later not consistent with the clear and unambiguous language of MCLA 15.362.
In his opening speech, the WPA President (now, Immediate Past President), Dinesh Bhugra, emphasized the mission of the WPA and explained the importance of social justice for individuals with mental disorders through the symbol of a Blue Morpho butterfly He also stated that there would be 900 sessions, with more than 10000 participants.
Node 2 generated four nodes numbered 7, 8, 9 and 10 with respect to WPA, respectively.
Nancy's WPA work and her presence opened up an opportunity for the non-tenure-track lecturers to forge a professional identity.
Next I stripped the Zeiss off the WPA upper and replaced it with a Wolf Performance Optics 1x/4x32mm PSU.
In the fifth round the WPA continued their form and won another six out of eight games although some of the results were very close.
Also having goals focused on education and responsibility, the WPA has been a faithful supporter of the program.
Covey and Eisnach present this historical study made possible by the unique records of the Writers Project of the Works Progress Administration (WPA).
Just as it hired photographers to document the Depression, the WPA also paid artists to show the plight of the public through their own eyes and their own mediums.
The program, Justice Home, will be administered by the Women's Prison Association (WPA), a New York City-based nonprofit organization.
The Evelyn Burrow Museum at Wallace State Community College (Ala.), is currently hosting "Art That Worked: WPA Prints from the Amity Art Foundation." This exhibition, made possible by a grant from the Alabama Tourism Department and sponsored in part by the Wallace State Art Department, features more than 80 etchings and lithographs by Depression-era artists.