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auf erstes Risko limitiert

English translation: limited to first loss

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:auf erstes Risko limitiert
English translation:limited to first loss
Entered by: Claire Cox

22:34 Jun 8, 2005
German to English translations [PRO]
Bus/Financial - Business/Commerce (general) / insurance
German term or phrase: auf erstes Risko limitiert
From a brief text about building project insurance:

Die durch die Versicherungssumme auf erstes Risiko limitierten Zusatzleistungen sind gemäss den Ziffern B2.a bis B2.c der AVB versichert.

I'm not really familiar with insurance terminology, so I'd like to check whether there's a special way of formulating this in English or is it just "limited to first risk"?

Many thanks!
Claire Cox
United Kingdom
Local time: 23:44
Definition
Explanation:
Erstes Risiko: ER
Festgelegte Versicherungssumme, die als Höchstwert der Entschädigung für eine bestimmte Gegenstandsgruppe, Kosten oder eine bestimmte Gefahr gelten soll (z.B.: Geldwerte, bei Diebstahl etc.). Im Gegensatz zur Vollwertversicherung gibt es beim Ersten Risiko keine Unterversicherung.
http://www.moneycab.com/de/home/tools/glossar/erstes.html


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Note added at 1 hr 22 mins (2005-06-08 23:56:53 GMT)
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limited to first loss

My insurance dictionary translates Erst-risiko Versicherung as first loss insurance.

first loss insurance
A policy that covers only a single loss during the policy period or that provides coverage of multiple locations for only the first loss at each location during the policy period. Also, a policy whose limits are reduced (and not reinstated) by loss payments.

http://insurance.cch.com/rupps/first-loss-insurance.htm
Selected response from:

Kim Metzger
Mexico
Local time: 16:44
Grading comment
Thanks Kim - much appreciated!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +3Definition
Kim Metzger
2limited to primary risks
swisstell


  

Answers


44 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
limited to primary risks


Explanation:
would be my first guess

swisstell
Italy
Local time: 00:44
Specializes in field
Native speaker of: German
PRO pts in category: 130
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
Definition


Explanation:
Erstes Risiko: ER
Festgelegte Versicherungssumme, die als Höchstwert der Entschädigung für eine bestimmte Gegenstandsgruppe, Kosten oder eine bestimmte Gefahr gelten soll (z.B.: Geldwerte, bei Diebstahl etc.). Im Gegensatz zur Vollwertversicherung gibt es beim Ersten Risiko keine Unterversicherung.
http://www.moneycab.com/de/home/tools/glossar/erstes.html


--------------------------------------------------
Note added at 1 hr 22 mins (2005-06-08 23:56:53 GMT)
--------------------------------------------------

limited to first loss

My insurance dictionary translates Erst-risiko Versicherung as first loss insurance.

first loss insurance
A policy that covers only a single loss during the policy period or that provides coverage of multiple locations for only the first loss at each location during the policy period. Also, a policy whose limits are reduced (and not reinstated) by loss payments.

http://insurance.cch.com/rupps/first-loss-insurance.htm


Kim Metzger
Mexico
Local time: 16:44
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 834
Grading comment
Thanks Kim - much appreciated!

Peer comments on this answer (and responses from the answerer)
agree  Dipl.-Kfm. Bernhard Aicher MBA: ja, first-loss insurance
14 mins
  -> Let's hope Klaus doesn't notice the missing hyphen.
agree  Dr.G.MD (X)
52 mins
agree  Ulrike Kraemer
6 hrs
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