Insurance To Value
In property coverage, ratio of the amount of insurance to the value of an insured property. This ratio, multiplied by the amount of the loss, determines the indemnification payment.
Popular Insurance Terms
Charging the insured an amount that is above the actual premium required for placing and maintaining the policy in force. ...
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Method of underwriting by which one or a group of Lloyd's underwriters write business on behalf of a number of Lloyd's syndicates and other insurance companies. Among the benefits of ...
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