| 单词 | total probable loss |
| 释义 | total probable loss in Insurance (toutəl prɒbəbəl lɔs) Word forms: (plural) total probable losses noun (Insurance: Underwriting) loss , loss A total probable loss is the highest degree of loss or damage that is probable if an insured event occurs. Insurance for losses higher than $25,000 and up to $3,000,000 is unnecessary becausethe maximum total probable loss is only about $250,000. If the amount insured is less than the full value of the property insured, this producesan inadequate premium not based on total probable loss. A total probable loss is the highest degree of loss or damage that is probable if an insured event occurs. |
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