GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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19:25 Oct 16, 2014 |
Portuguese to English translations [PRO] Law/Patents - Insurance | |||||||
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| Selected response from: Maria Teresa Borges de Almeida Portugal Local time: 21:22 | ||||||
Grading comment
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Summary of answers provided | ||||
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3 +1 | inherent defect of the insured article or interest |
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4 | Inherent vice of the insured item or interest |
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inherent defect of the insured article or interest Explanation: "Inherent *defect* of the insured goods or interest *pursuant* to the Brazilian Civil Code) *undisclosed* by the Insured, or such risk as is not *accepted* by the Insurer*s* (fem>corp>plural), *is not included* in the insurance *cover* taken out (effected)" Perhaps the asker should read an insurance primer or insurance chapter of any US or UK/Irish etc. commercial or business law book. Reference: http://www.irmi.com/online/insurance-glossary/terms/i/inhere... |
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Inherent vice of the insured item or interest Explanation: Diria assim... inherent vice An exclusion found in most property insurance policies eliminating coverage for loss caused by a quality in property that causes it to damage or destroy itself. -------------------------------------------------- Note added at 1 hr (2014-10-16 20:38:53 GMT) -------------------------------------------------- http://www.irmi.com/online/insurance-glossary/terms/i/inhere... -------------------------------------------------- Note added at 1 hr (2014-10-16 20:40:13 GMT) -------------------------------------------------- Notwithstanding that these matters were only perilous to a work of art which was bound to deteriorate, it can be difficult to argue that the dominant factor was the inherent vice of the insured item. http://www.thefederation.org/documents/Carter-F04.htm |
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