Coverage

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Coverage

Coverage

1. The specific insured events for which an insurance company will pay a benefit. For example, a life insurance policy provides coverage in the event of death. Likewise, a health insurance policy provides money in the event of illness. Generally speaking, an insurance policy outlines what it covers and the benefits it provides under different circumstances.

2. A measure of a company's ability to pay its fixed liabilities. It is calculated by determining by subtracting its fixed payments from its operating income. High coverage indicates that the company can easily make its payments and indeed is able to set funds aside to do so in the event its income declines. Low coverage means that the company can make its payments but that it has less flexibility in doing so. A negative number indicates that the company cannot pay its fixed liabilities. The payments included in this calculation are lease payments, dividends on preferred stock, and debt service. It is also called fixed-charge coverage.
References in periodicals archive ?
Coverage can be placed alongside a Pacific Specialty residential policy or provided on a stand-alone basis.
Special coverage features: On cargo accounts can offer stock through coverage.
Of these, 172 companies selected 90 percent coverage (down four from last year); 23 companies selected 45 percent coverage (down three from last year.) None selected 75 percent coverage.
To many, the policies seem arcane, and it is hard to figure out the actual coverage. What follows are answers to eight common questions about D & O insurance.
Multi-peril/All-risk policies are straightforward when the focus is on replacement coverage and lost rent.
Like other ISO coverage forms, the BAP is combined with a declarations form, common policy conditions, and any applicable endorsements to be used as either a monoline policy or as one coverage part in a multi-line, or package, policy.
Unless you purchased appropriate ordinance or law coverage from your insurance company, you would not be reimbursed, in this example, for the value of the undamaged portion of the building or for the cost of demolition.
plays three different coverages out of the exact same look: Cover 2 (2- deep with a 5-under route reading technique), Cover 3 (3-deep and 4-under zone), and Man-Free (man coverage with the free safety playing the ball over the top).
It is interesting to note that Coverage A of this endorsement is triggered by the enforcement of "any ordinance or law" whereas Coverages B and C are triggered by the enforcement of "building, zoning, or land use ordinance or law." Opinion is divided on whether or not ADA requirements constitute building ordinances or laws.
Whether an individual is disqualified for the deduction because of coverage under an employer's plan is determined on a month-by-month basis, for tax years beginning after Dec.
Kelly Klee, Inc., a digital insurance broker in the high net worth space, has released a customizable online coverage plan for private client insurance.