Insured Asset

Insured Asset

An asset with an insurance policy of any kind. That is, an insured asset is one for which an insurance company must compensate the owner if the asset is damaged or destroyed. Most companies have insurance policies on their assets, or at least their tangible assets, to transfer the risk associated with owning them. Likewise, most individuals have insurance policies on their major assets, such as their houses and cars.
References in periodicals archive ?
FUND for Blue economy Ecosystem services, Premium Payouts Regulation Science, observation, Maintenance, restoration Maintenance fees ECOSYSTEM Government Regulation International organization STRUCTURE OF RESILIENCE FUNDS IN DEVELOPING COUNTRIES FOR SUSTAINABLE ECOSYSTEM SERVICES OCEAN RISK INSURANCE Conceptual diagram illustrating the continuum of ocean risk insurance products based on a country's development level and the type of insured asset. Each quadrant represents a different business segment with different risk transfer solutions.
Charles Fernandez, head of marine liability and hull at Lloyd's specialty insurer Canopius, said cyberrisk falls into three main categories: physical loss or damage to the insured asset; business interruption, and the loss or theft of data.
SLPGC has business interruption insurance that covers the loss of business income as a result of damage to the insured asset.
South Luzon has business interruption insurance that covers the loss of business income as a result of damage to the insured asset.
SLPGC has business interruption insurance that covers the loss of business income as a result of damage to the insured asset. The final amount will still be determined by the insurance adjuster appointed by SLPGC's reinsurers but SMPC expects that it will substantially reduce the impact of replacement power costs to SLPGC's profitability.
A franchise deductible insurance policy resembles a binary (or a cash-or-nothing) European option (when the insured asset is the underlying asset) with a striking price w, and the pre-specified (non-zero) payoff equals the insured-asset value v.
When adjusting a homeowner's claim involving trees, the adjuster has several costs to consider: (1) removing the tree from the insured asset, (2) repairing or replacing the insured asset, and (3) removing the debris (including the tree) from the insured's premises.
From the lenders perspective, an insured residual loan will not increase the loan-to-value ratio, but will create a higher rated loan asset for bank rating purposes, which translates into lower capital charges because the value of the insured asset is guaranteed by an investment grade insurer.
The insured asset is usually a mission-critical control system that, if crippled, may lead to significant business damage.
Events in the insured assets during the period of risk taking.
The company was established to address the crypto-economy's need for regulated, safe and insured assets on the blockchain that can be used as crypto-hedging tools to reduce volatility risks.
The way I view annuities is as what I call insured assets. In accumulation, traditional assets such as stocks and bonds and mutual funds, those are the bedrock of your portfolio.