google bot detected Special Risk Insurance | Insurance Glossary | Realestateagent.com

Special Risk Insurance


Definition of "Special risk insurance"

Ann Byer
  Real Living

Transfer of highly individualized loss exposures that is not based on the usual pooling principles of insurance such as risk identification and classification selection. Rather than setting up an insurance pool of standard risks, the underwriter accepts responsibility for a unique or special risk. Some examples would be insurance by Lloyd's of London underwriters for athletes, artists, and entertainers; insurance on Betty Grable's legs; or insurance for dangerous scientific experiments or moon travel.



Related Real Estate Glossary terms

Related Real Estate FAQ