desamparo subito familiar

20:16 Jun 17, 2019
Spanish to English translations [PRO]
Bus/Financial - Insurance
Spanish term or phrase: desamparo subito familiar
Insurance coverage (seguro de desgravamen) offered by Scotiabank in Peru.

From the definition, I understand it is a type of title insurance paid out in case of death of the titleholder and their spouse in the same event, presumably so the family does not get booted out and become homeless.

However, can't find any way/sources of the correct term for this kinds of coverage in English.
Laura Molinari
Canada
Local time: 10:30


Summary of answers provided
3joint life endowment for unexpected family hardship (relief insurance endorsement)
Adrian MM.


Discussion entries: 2





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
desamparo súbito familiar (seguro de desgravamen)
joint life endowment for unexpected family hardship (relief insurance endorsement)


Explanation:
Would make more sense as a one-off endorsement clause to a *joint llife endowment mortgage or accidental death insurance policy*.

Otherwise, the presumption of 'commorientes' in Canadian and English law is more one of succession to an estate - the younger is presumed to have survived the older - than an insurance term of art.

Example sentence(s):
  • Joint life endowment *assurance* > Under this plan policies are issued on the lives of two persons and simultaneously cover risk on the lives of both for the sum assured.

    Reference: http://eng.proz.com/kudoz/spanish-to-english/law-general/481...
    Reference: http://www.guioteca.com/temas-legales/el-seguro-de-desgravam...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24
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