A clause, usually found in a marine insurance contract, that states losses less than certain amounts are not covered. This is essentially the same as a deductible.
Related information about free of particular average:
- free of particular average (FPA) - Insurance Glossary
free of particular average (FPA) - An ocean marine policy provision that eliminates all coverage for any partial loss of cargo.
- What is free of particular average (FPA)? definition and meaning
Definition of free of particular average (FPA): Marine insurance provision which limits the liability of an insurance company to only those losses that exceed a ...
- Free of Particular Average - Financial Dictionary - The Free Dictionary
Marine cargo insurance that does not cover partial losses or partial damage unless caused by the vessel being sunk, stranded, burned, on fire, or in a collision.
- free of particular average clause (insurance clause) -- Britannica ...
The FPA, or “free of particular average,” clause excludes from coverage partial losses to the cargo or to the hull except those resulting from stranding, sinking, ...
- Free of Particular Average (FPA)
Jul 21, 2009 ... Free of Particular Average (FPA) - A marine insurance clause relating to the recoverability of partial and total losses from perils of the sea.
- What is free of particular average? definition and meaning
Definition of free of particular average: A clause, usually found in a marine insurance contract, that states losses less than certain amounts are not covered.
- free of particular average adjective - definition in Business English ...
free of particular average adjective - definition, audio pronunciation and more for free of particular average adjective: used to describe an insurance agreement ...
- Free of Particular Average (FPA): Definition from Answers.com
Free of Particular Average (FPA) Marine insurance contract clause that limits an insurance companys liability.