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LSDefine

Simple English definitions for legal terms

free of all average

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A quick definition of free of all average:

Term: FREE OF ALL AVERAGE

Definition: When something is insured as "free of all average," it means that the insurance policy only covers a total loss. This is a term used in maritime law. The abbreviation for "free of all average" is FAA.

A more thorough explanation:

FREE OF ALL AVERAGE

Free of all average is a term used in maritime law to describe an insurance policy that covers only total loss. It is abbreviated as FAA.

An example of free of all average insurance would be a policy that covers a ship only if it sinks or is completely destroyed. If the ship is damaged but not completely destroyed, the insurance policy would not cover the cost of repairs.

Another example would be a policy that covers a cargo only if it is lost at sea or completely destroyed. If the cargo is damaged but still salvageable, the insurance policy would not cover the cost of repairs.

The examples illustrate that free of all average insurance policies only cover total loss. This means that if the insured item is damaged but not completely destroyed, the policy will not cover the cost of repairs. This type of insurance is often used for high-risk items such as ships and cargo that are more likely to suffer total loss than partial damage.

free market | free on board

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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