a. What is the difference between a particular average loss and a general average loss in ocean

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a. What is the difference between a particular average loss and a general average loss in ocean marine insurance?
b. What conditions must be fulfilled to have a general average loss?

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Jan 30, 2015 07:47 AM

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a. What is the difference between a particular average loss and a general average loss in ocean

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a A particular average is a loss that falls entirely on a particular interest A gener...View the full answer

Principles of Risk Management and Insurance

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