What is the Definition of Sewer Backup Coverage?

What is the Definition of Sewer Backup Coverage?

An optional part of homeowners insurance that covers sewers.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Sewer Backup Coverage?

You can find random definition and meaning of insurance terms below:


What is the meaning of Qualified Actuary

a person who meets the basic education, experience and continuing education requirements (these differ by line of business) of the Specific Qualification Standard for Statements of Actuarial Opinion, NAIC Property and Casualty Annual Statement, as set forth in the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, promulgated by the American Academy of Actuaries, and is in good standing of the American Academy of Actuaries who has been approved as qualified for signing casualty loss reserve opinions by the Casualty Practice Council of the American Academy of Actuaries.


What is the meaning of Rate

value of insured losses expressed as a cost per unit of insurance.


What is the meaning of Risk Based Capital (RBC) Ratio

ratio used to identify insurance companies that are poorly capitalized. Calculated by dividing the company's capital by the minimum amount of capital regulatory authorities have deemed necessary to support the insurance operations.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Sewer Backup Coverage?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter