This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. English to Dutch
  3. Insurance

Annual Aggregate Deductible

Dutch translation: jaarlijks eigen risico

12:04 May 29, 2008
English to Dutch translations [PRO]
Bus/Financial - Insurance / scheepvaart
English term or phrase: Annual Aggregate Deductible
In een bepaling van een verzekering:
This insurance is subject to an Annual Aggregate Deductible of EUR 250,000
Frank de Groot
Netherlands
Local time: 13:03
Dutch translation:jaarlijks eigen risico
Explanation:
M.i. wordt hiermee verwezen naar (de aftrek van) het eigen risico op jaarbasis. Dit kan zowel van toepassing zijn op individuele verzekeringen als op collectieve verzekeringen via de werkgever.
Zie bijv. onderstaande links.

The total amount an insured is responsible to retain for the sum of all losses up to a specified deductible during an annual policy period. Once the annual aggregate deductible has been reached by the accumulation of payment by the insured, the insurer responds to the remaining claims up to the policy limits.
www.ahtins.com/glossary/aaa/a200.htm

"An annual aggregate deductible is the amount of loss that the insured itself must sustain and retain for its own account during an underwriting year before it can submit any claims at all to its insurers. It would often be found on something like a professional liability policy taken out by a large or fairly large firm of lawyers or accountants. Once it has been eroded, by a series of small losses or one or more big ones, there would then be likely to be a "per loss" deductible (or "excess") which would apply to each successive claim in respect of which indemmnity was sought. Basically, like all deductibles it's a mechanism for keeping premium cost down by accepting a fairly substantial level of self insurance. The insurance kicks in when the overall loss experience over a period of time is reaching a level that the insured finds inconvenient to deal with itself."
www.law.ed.ac.uk/courses/showmessage.aspx?ref=22&id=39373


Selected response from:

Kitty Brussaard
Netherlands
Local time: 13:03
Grading comment
Dank je wel, Kitty!
4 KudoZ points were awarded for this answer



Summary of answers provided
4jaarlijks eigen risico
Kitty Brussaard


  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
annual aggregate deductible
jaarlijks eigen risico


Explanation:
M.i. wordt hiermee verwezen naar (de aftrek van) het eigen risico op jaarbasis. Dit kan zowel van toepassing zijn op individuele verzekeringen als op collectieve verzekeringen via de werkgever.
Zie bijv. onderstaande links.

The total amount an insured is responsible to retain for the sum of all losses up to a specified deductible during an annual policy period. Once the annual aggregate deductible has been reached by the accumulation of payment by the insured, the insurer responds to the remaining claims up to the policy limits.
www.ahtins.com/glossary/aaa/a200.htm

"An annual aggregate deductible is the amount of loss that the insured itself must sustain and retain for its own account during an underwriting year before it can submit any claims at all to its insurers. It would often be found on something like a professional liability policy taken out by a large or fairly large firm of lawyers or accountants. Once it has been eroded, by a series of small losses or one or more big ones, there would then be likely to be a "per loss" deductible (or "excess") which would apply to each successive claim in respect of which indemmnity was sought. Basically, like all deductibles it's a mechanism for keeping premium cost down by accepting a fairly substantial level of self insurance. The insurance kicks in when the overall loss experience over a period of time is reaching a level that the insured finds inconvenient to deal with itself."
www.law.ed.ac.uk/courses/showmessage.aspx?ref=22&id=39373




Kitty Brussaard
Netherlands
Local time: 13:03
Native speaker of: Native in DutchDutch
PRO pts in category: 36
Grading comment
Dank je wel, Kitty!
Notes to answerer
Asker: Dit kan heel goed kloppen, bedankt Kitty!

Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search