Irrespective of Percentage : Loss or damage due to a peril insured against collectible in full, without a franchise having to be reached, or a deductible applied. See: Average Clauses
Association of Marine Underwriters of San Francisco (AMUSF), Glossary of Marine Insurance and Shipping Terms, http://www.amusf.com/Definitions_A.htm, CA, USA 2011. (Mrtm Insur and Shipping - Amer) {575}