Assessable Insurance

(redirected from Assessment Insurance)

Assessable Insurance

An insurance policy in which a premium is paid up front, but in which the insurer reserves the right to require another premium to be paid if losses resulting from claims exceed the amount the policyholder contributed in the initial premium. This is also called natural premium or stipulated premium insurance.
Mentioned in ?
References in periodicals archive ?
Environmental Site Assessment Insurance, an insurance product virtually unheard of three years ago, has generated upwards of $7 billion in policies in the last year and a half alone.
Environmental Site Assessment Insurance is typically put in place on commercial, multi-family and retail properties.
EWI created and markets an environmental site assessment insurance program that allows lenders, developers and trustees of commercial real estate to transfer the risk associated with undiscovered environmental contamination.
We've started to see some of the rating agencies look favorably on deals where the environmental risk is transferred to a third party, usually using Environmental Site Assessment Insurance," said Murphy.
based in West Hartford, Connecticut, and one of the best known issuers of Environmental Site Assessment Insurance, agrees.

Full browser ?