inflation guard

inflation guard

An insurance policy endorsement that automatically increases coverage over time in order to keep up with the effects of inflation.

References in periodicals archive ?
Inflation Guard - automatically adjusts the coverage limits to reflect changes in construction costs.
Advisers affiliated with LTC Tree are using sophisticated tools and proprietary Excel formulas to help clients determine the right balance of coverage, inflation guard, and premium.
Inflation Guard also provides the ability to help protect clients' purchasing power from the impact of inflation.
With Inflation Guard, clients can always withdraw the prior year's interest or RMD, whichever is greater, without charge or penalty.
Inflation Guard--The insured may choose the optional inflation guard coverage as a protection against the effects of inflation.
The commercial property policy offers the insured four optional coverages that are so frequently used as to be available in the basic policy: agreed value, inflation guard, replacement cost, and extension of replacement cost to personal property of others.
The Fidelity and Deposit Companies has announced the availability of the new Inflation Guard Endorsement, an enhancement to its ERISA Compliance Policy.
ERISA bond coverage with an automatic inflation guard protection to meet pension plan requirements
More comprehensive optional coverages include: increased hard costs, inflation guard, equipment breakdown, hot testing, and machinery tools and equipment.
Maxcor noted that it is still discussing with Kemper the applicability of an inflation guard provision that may have had the effect of increasing the coverage limit under this policy by approximately $700,000, and whether any amounts beyond the $13.
However, inflation pressures also firmed, suggesting that the RBI has to keep up its inflation guards, Leif Eskesen, Chief Economist for India & ASEAN at HSBC said.
Lief Eskesen, HSBC's chief economist for India and ASEAN said, With inflation risks still tilted to the upside, the RBI has to keep its inflation guards up and stand ready, if needed, to raise rates further to bring inflation under control.