See: ‘Loss, Maximum estimated.’
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UK: the largest loss thought probable under an insurance policy; normally applied to material damage risks where the total sum insured is not considered to be at risk from one loss event
The Rantings of the barely human.
See: ‘Loss, Maximum estimated.’
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UK: the largest loss thought probable under an insurance policy; normally applied to material damage risks where the total sum insured is not considered to be at risk from one loss event