Particular Average

Particular average is a partial loss that falls on the owner of the property lost or damaged, with no right of contribution from the other interests in the adventure. It is the counterpart to general average: where a general-average sacrifice is shared because it was made for the common safety, a particular-average loss is fortuitous and stays where it falls. Marine policies define how particular-average claims are recovered, with franchise and deductible clauses setting the threshold below which the underwriter does not pay.