For example As the insured items were destroyed in a fire, they were deemed to be an actual loss. Show source/s Plain English Campaign Give feedback This page is not useful This page is useful Thank you for your feedback. If you have another few minutes please take the time to tell us about our new Dictionary service. Thank you for your feedback. If you could tell us more, it would really help. Submit
Knock for knock An agreement between insurance companies that they will pay for their own policyholders' losses regardless of who was to blame.