Meaning amount subject
What does amount subject mean? Here you find 4 meanings of the word amount subject. You can also add a definition of amount subject yourself
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amount subjectThe value that may reasonably be expected to be lost in a single fire or other casualty, depending on the protection and construction of the risk and the distribution or concentration of values. Est [..]
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amount subjectThe maximum value of insured property which insurers believe could be destroyed by any insurable event no matter how catastrophic. Generally used in underwriting large risks in order to compute rates and to understand the need for capacity, as well as to appreciate all exposures. See Maximum foreseeable loss (MFL) and Probable Maximum Loss (PML).
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amount subjectIs also known as maximum possible loss (MPL) this is a worst-case approach to estimating the percentage of insured property which could possibly be destroyed by the insured perils.
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amount subjectIs also known as maximum possible loss (MPL) this is a worst-case approach to estimating the percentage of insured property which could possibly be destroyed by the insured perils.
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