Price Agreement Insurance

Japanese: 価額協定保険 - かがくきょうていほけん

An insurance (special clause) in which the purpose of the insurance is evaluated at the time of contract to determine the appraised amount, and the policyholder is allowed to select the insured percentage (the ratio of the insured amount to the insured value), on the condition that the insurance amount must be a certain amount or more above the appraised amount at the time of contract, and the insurance amount is the appraised amount multiplied by the agreed insured percentage.

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

契約に際して保険の目的を評価して評価額を定め，保険金額を契約時の評価額の一定以上とすることを条件として保険契約者に付保割合 (保険価額に対する保険金額の割合) を選択させ，評価額に約定付保割合を乗じた額を保険金額とする保険 (特約条項) 。

出典　ブリタニカ国際大百科事典小項目事典ブリタニカ国際大百科事典小項目事典について　情報

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