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 ?
The insured asset is usually a mission-critical control system that, if crippled, may lead to significant business damage.
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.
HCA is insured for property damage and business interruption with per location deductibles ranging from three to five percent of insured asset values.
Standard & Poor's today affirmed its 'A-1' rating on the commercial paper notes of Insured Asset Funding LLC.
Standard & Poor's assigned its 'A-1' rating to Insured Asset Funding LLC's(Insured) 4(2) commercial paper notes.
Fitch's rationale for the affirmation of RVI's ratings reflects the company's favorable recent operating results, dominant market position in the residual value insurance industry and low risk insured asset portfolio.
As the municipal market transforms from a commoditized, largely insured asset class to a credit-based product, we believe there will be attractive investment opportunities as well as hot spots," says Natalie Cohen, head of Municipal Research.
It gave us the functional sophistication we desired, plus, it provided insured asset tracking and management; current and historical data management; interim changes and transaction logs for audit tracking.
The accounting errors to be addressed in the restatements relate primarily to the following: (a) misapplication of a method of revenue recognition for certain contracts in the Latin America region, resulting in misallocation of revenue and costs between periods; (b) research and development costs that were inappropriately capitalized rather than expensed; (c) unrecorded sales and use tax liabilities; (d) unrecorded gains associated with insurance proceeds received in excess of the net book value of the insured assets during the third quarter of 2013; and (e) unrecorded stock based compensation expense associated with performance units granted during the third quarter of 2013.
There are $10 trillion in insured assets along the vulnerable portions of U.