What does average condition mean?
Keeping this in consideration, what is condition of average in insurance?
Condition of average (also called underinsurance in the U.S., or principle of average, subject to average, or pro rata condition of average in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.
Also, what is fair condition? Fair condition means that the vehicle has some mechanical or cosmetic defects and needs servicing but is still in reasonable running condition. This vehicle has a clean Title History, the paint, body and/or interior need work performed by a professional.
Furthermore, is fair condition better than average?
Fair: Homes that are frequently mass produced. Fair to Average: Homes that are in need of moderate repair, refinishing, and/or renovation required; some items in satisfactory condition. Average: Homes that are typically encountered more frequently than residences of other conditions.
What is better good or average?
As adjectives the difference between good and average is that good is acting in the interest of good; ethical while average is (not comparable) constituting or relating to the average.