Glossary entry (derived from question below)
Spanish term or phrase:
compensación de capitales en una situación de riesgo
English translation:
compensation/netting/offset of insured principal under risk
Added to glossary by
MikeGarcia
Dec 10, 2007 20:01
16 yrs ago
4 viewers *
Spanish term
compensación de capitales en una situación de riesgo
Spanish to English
Bus/Financial
Insurance
Insurance Policy
Hello,
Any ideas on the above phrase from an insurance policy? This is the description of the clause: Se hace constar expresamente que, en caso de siniestro amparado por las garantías de la presente póliza si el capital asegurado en la situación del riesgo afectada para los conceptos de "Edificios y Maquinaria, Mobiliario e Instalaciones" tomado separadamente, fuese inferior al valor de cualquiera de ellos, y en cambio en conjunto fuere igual o superior, no se tomará cada concepto separadamente para el cálculo de la indemnización, sino el capital total asegurado por ambos. Thanks in advance.
Any ideas on the above phrase from an insurance policy? This is the description of the clause: Se hace constar expresamente que, en caso de siniestro amparado por las garantías de la presente póliza si el capital asegurado en la situación del riesgo afectada para los conceptos de "Edificios y Maquinaria, Mobiliario e Instalaciones" tomado separadamente, fuese inferior al valor de cualquiera de ellos, y en cambio en conjunto fuere igual o superior, no se tomará cada concepto separadamente para el cálculo de la indemnización, sino el capital total asegurado por ambos. Thanks in advance.
Proposed translations
(English)
| 4 -1 | compensation/netting/offset of insured principal under risk |
MikeGarcia
|
| 5 +1 | Transfer of sums insured in a risk location |
Neil Crockford
|
| 5 | imdemnified asset losses under risk |
bigedsenior
|
Change log
Dec 16, 2007 17:42: MikeGarcia Created KOG entry
Proposed translations
-1
17 hrs
MikeGarcia
Spain
Spain
Native in Spanish
Works in field
Spain
LAWYER+FORMER BANKER+FINANCIAL EXPERT+
Native in: Spanish 
Works in: English to Spanish, French to Spanish, Spanish to English
Related KudoZ points
:
83
Selected
compensation/netting/offset of insured principal under risk
My version. Creo que así responde mejor al contexto de la claúsula.
Ver el Alcaraz Varó Hughes Financiero, pág. 837, "compensación 1,compensación 2" y pág. 838, "compensación/liquidación por saldos netos".-
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Note added at 6 days (2007-12-17 09:04:06 GMT) Post-grading
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"Principal" here is equivalent to "sum" or "capital". I have no place left to answer my colleague's disagrees, so I'll stop the arguments and leave it to common sense, the most uncommon of senses...as they say.
For the record, I've seen zillions of insurance policies where the term "insured capital" or "insured principal" is used, depending on the policy type.- Honni soit qui mal y pense.-
Ver el Alcaraz Varó Hughes Financiero, pág. 837, "compensación 1,compensación 2" y pág. 838, "compensación/liquidación por saldos netos".-
--------------------------------------------------
Note added at 6 days (2007-12-17 09:04:06 GMT) Post-grading
--------------------------------------------------
"Principal" here is equivalent to "sum" or "capital". I have no place left to answer my colleague's disagrees, so I'll stop the arguments and leave it to common sense, the most uncommon of senses...as they say.
For the record, I've seen zillions of insurance policies where the term "insured capital" or "insured principal" is used, depending on the policy type.- Honni soit qui mal y pense.-
Note from asker:
| Thank you. |
3 KudoZ points awarded for this answer.
Comment: "Thanks again."
+1
59 mins
Neil Crockford
Native in English
Specializes in field
40 years' industry experience
Native in: English
Works in: German to English, Portuguese to English, Spanish to English, and 7 more.
Related KudoZ points
:
192
Transfer of sums insured in a risk location
This is a concession on the average clause. If there is under-insurance on one or other of the buildings, plant and machinery or contents items for a particular location, average will not be applied if the overall sum insured for the location is adequate
Note from asker:
| Thank you. |
Peer comment(s):
| agree |
cmwilliams (X)
2 hrs
|
|
Thanks
|
1 hr
imdemnified asset losses under risk
That is what an insurance policy does. It indemnifies insured asset losses, in this case.
Note from asker:
| Thank you. |
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