Adequacy of coverage

Adequacy of coverage

A test that measures the extent to which the value of an asset is protected from potential loss either through insurance or hedging.

Adequacy of Coverage

The extent to which an asset or investment is protected from loss by insurance or hedging. For example, if one owns a house, there is the risk that it could burn down. Adequacy of coverage measures the extent to which the insurance benefit covers the value of the house.
References in periodicals archive ?
Before a project commences, bring in an insurance agent like Eric to review a contractor's general liability and workers compensation insurance policies, as well as to address the adequacy of coverage should a third party or worker be injured as a result of the construction.
in consulting" related to "commercial property coverage, assessment of risk, adequacy of coverage and the handling of claims."
Continually evaluate the insurance program for adequacy of coverage. Provide recommendations on program changes or restructuring to address exposures, reduce cost, and/or enhance coverage.
Each person should 2 make an independent decision about his/her selection of a plan based on individual circumstances and adequacy of coverage in consultation with trusted advisors Other information is available through your state's Exchange.
Research firm LIMRA discloses this finding in its "2013 Canadian Life Insurance Ownership Study," which monitors long-term patterns in life insurance ownership, adequacy of coverage, and consumers' attitudes about life insurance.
But to really meet the needs of employees, the focus should be on the adequacy of coverage.
As implementation of the Affordable Care Act continues, "it may be worthwhile to consider not only the number of uninsured children in the United States but also the adequacy of coverage for those with current insurance," wrote Dr.
Krytox DF, DF/IPA and DF/W dispersions available as concentrates in 14 lb, isopropyl alcohol and water allowing user to customize the dispersion for ease of application and adequacy of coverage. Specially formulated, ready-to-use Krytox products also available as release agents for specific applications.
Among managers of enterprises of unprecedented size, there is unease about the adequacy of coverage available under insurance and other loss-financing arrangements.
Make sure clients review the adequacy of coverage, limits, and the presence of "cost/fee coverage," which can pay for outside providers to help investigate a crime.
Employers, fiduciaries and risk managers would be wise to review policies in place to determine the adequacy of coverage and limits to protect them against today's increasing liability exposures.