AVERAGE CERTIFICATE

A B C D E F G H I J L M N O P Q R S T U V W Y Z
AVERAGE CERTIFICATE — an official document confirming the causes, nature, and extent of damage to insured property following an insured event. It is prepared by an average adjuster and issued to the interested party, usually after the payment of the adjuster's fees and expenses. The insurer uses the average certificate to decide whether to pay or deny the policyholder's claim, though it does not serve as unconditional proof of the insurer's liability.