Tag: coverage

What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...

What is underinsurance and why do people buy it Underinsurance is insurance that does not cover the full value of an insured asset. For example,...

What is 'Kidnap Insurance' A type of insurance designed to protect individuals from the risk of kidnapping. Kidnap insurance often covers other...

What is 'Named Perils Insurance Policy' A home insurance policy that only provides coverage on losses incurred to your property from hazards...

DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...

What is 'Underinsured Motorist Coverage Limits Trigger' One of the two triggers that can be specified by an insured party to protect...

What is 'EBITDARM' A financial performance measure that stands for earnings before interest, taxes, depreciation, amortization, rent and management fees. EBITDARM is...

What is the 'EBITDA-To-Interest Coverage Ratio' The EBITDA-to-interest coverage ratio is a ratio that is used to assess a company's financial durability...

Yacht Insurance What is 'Yacht Insurance ' An insurance policy that provides indemnity liability coverage on pleasure boats. Yacht insurance includes...

What is EBITDA and how is it calculated EBITDA is an acronym that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a...