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 ?
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.
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 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.
Besides, satellite tracking of insured cars and other vehicles, some companies also monitor high-value insured assets through remote cameras to resolve disputes on asset damage.
But in the decumulation stage, really you should view insured assets such as annuities as the bedrock of your portfolio.
There are $10 trillion in insured assets along the vulnerable portions of U.
Supported by Canada's national housing agency CMHC's insured assets, CIBC's covered bond programme is rated 'AAA.