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free of particular average

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:
  1. 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.
     
  2. 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 ...
     
  3. 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.
     
  4. 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, ...
     
  5. 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.
     
  6. 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.
     
  7. 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 ...
     
  8. Free of Particular Average (FPA): Definition from Answers.com
    Free of Particular Average (FPA) Marine insurance contract clause that limits an insurance companys liability.