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In property and casualty insurance, refers to the total combined risks that could be involved in a single loss event (involving one or more insured perils). Source: http://www.irmi.com/online/insurance-glossary/terms/a/accumulation.aspx
What else can I help you with?
When must an insurable interest exist in a property policy?
Insurable interest is when a person receives a financial or other type of benefit from the continuous existence of the object that is insured. When dealing with property a person is entitled to insurable interest of the property up to the value of the property but not over the value of the property.
When must insurable interest exist in a property policy?
Insurable interest is when a person receives a financial or other type of benefit from the continuous existence of the object that is insured. When dealing with property a person is entitled to insurable interest of the property up to the value of the property but not over the value of the property.
What is insurable loss?
insurable loss
Is replacement cost the same as insurable value?
No, insureable value or 'stated amount' is the MAXIMUM that will be paid for that item. replacement cost is the amount it will cost to actually replace the item.
Does a managing entity have a stake in the property they manage insurable interest?
Yes, a managing entity can have insurable interest in the property they manage if they have a financial stake in it, such as a management fee structure that is dependent on the property's value or income generated. Additionally, if they are responsible for maintenance or improvements, they may also have an insurable interest. However, this interest typically depends on the terms of their management agreement and the specific responsibilities outlined within it.
Insurable interest is a legal right to insurer discurse?
insurable intrest is a legal right to insurer? discurse.
What is difference between marketable title and insurable title?
What is difference between marketable title and insurable title?
Will you be insurable if you are on Dyalasys?
Probably not.
With a life insurance policy when must an insurable interest exist?
An insurable interest must exist at the inception (beginning) of the policy.
Are all risks are insurable?
yes, it is
When must an Insurable interest exist for a property insurance policy?
Insurable interest must exist at inception of the policy cover and at the time of the loss.
Why is the distinction between insurable and uninsurable risks significant for the theory of profit?
why is the distinction between insurable and uninsurable risks is significant for the theory of profit
