Insurance

An insurance accounting term that refers to the value of an asset as it appears on the balance sheet, calculated by taking the original cost of the asset plus capitalized costs, adjusting for accumulated depreciation, amortizations, and any adjustments due to write-downs or changes in market value.

A comprehensive guide to understanding Burglary and Theft Insurance in the property and casualty insurance domain.

Comprehensive guide on insurance for vehicles used in business, including various types of coverages and applicable filings.

Comprehensive explanation of what the Carrying Value in insurance signifies.

Detailed explanation of Catastrophe Bonds used in the insurance industry to mitigate risks associated with disasters.

An overview of the ceded premium payment in the insurance and reinsurance industries.

A simple guide to understanding how collateral loans function in the context of insurance and finance, with implications for investments.

Definition and explanation of 'Commencement Date' in insurance, including its significance and related regulatory context.

An overview of commercial flood insurance, a separate policy designed specifically for commercial properties to protect against flood damages.

An overview of Commercial Package Policy which combines property and liability insurance coverages for businesses.

Exploration of the term 'Conditions' in an insurance policy, defining its importance and implications for the insured and insurer.

Insurance coverage designed specifically for owners of condominium units, providing protection against damages and losses to the condo's interior and owner's possessions.