0
What is Reinstatement Basis of Cover ?
The most common method of insuring commercial buildings is on a Reinstatement Basis.
Cover is determined by the cost of repair or reconstruction at the time of loss as opposed to at the start of the insurance period.
This will most likely have increased during the policy period as a result of construction cost inflation.
The selected Sum Insured therefore must include an allowance for this inflation, not only during the period of insurance but also during the rebuilding period.
A loss may not occur until very well into the policy period, possibly almost at expiry so it is vital that the selected Sum Insured allows for the potential of an extended period of reinstatement
Wiki User
∙ 11y ago
Reinstatement basis of cover in insurance refers to a policy provision that allows the insured to restore the full original coverage amount after a claim has been made, without reducing the sum insured. This is typically found in property insurance policies and helps ensure that the insured is fully protected for any future losses following a claim.
Add your answer:
Earn +20 pts
You were one month pregnant before your group health insurance was effective will medicare cover your expenses?
Medicare does not cover maternity. For details on what Medicare does cover, see the link below: http://www.medicare.gov/Publications/Pubs/pdf/10050.pdf
Where can i find Homeowners policies in PDF form?
Most insurance companies will be happy to send you a copy of your insurance policy in a pdf form. Generally just call up the company and ask them for it, or log onto your insurance company website and you will usually find your policy available in a pdf.
Can you get a PDF document to display the actual cover of the document?
You can insert PDF document in any page from Insert > Object.
Will Medicare pay for my home oxygen medical devices?
Yes they will. Here is a flier on what they cover www.medicare.gov/Publications/Pubs/pdf/11045.pdf
What Nj insurance code is 100?
GEICOhttp://www.state.nj.us/mvc/pdf/Vehicles/insurance_codes.pdf
Can you get a discount on medical insurance due to the fact that you receive Medicaid A B by using one as a primary and the other as a secondary?
Do you mean Medicaid (Welfare) Are you referring to getting a Medi-Gap policy to cover what Medi-care doesn't pay? Here's Medicare's 40 page booklet on dual coverage http://www.medicare.gov/Publications/Pubs/pdf/02179.pdf
If you and a spouse have different health insurance but have never designated one as primary or secondary could this cause problems when you do designate primary or secondary?
If you have insurance through your employer, and you are the policy holder,(the insurance is in your name) this insurance will be primary for you, and your spouses insurance policy will be secondary. The insurance policy thru your spouse's employer, (your spouse is the policy holder, or the insurance is in their name), this would be primary for your spouse, and your policy would be their secondary. Here's the phamplet from Medicare http://www.medicare.gov/Publications/Pubs/pdf/02179.pdf
How do you remove the stock CD player from a 2000 Honda Accord?
Follow the instruction in the link to remove the plastic cover http://www.installdr.com/InstallDocs/Honda/PDF/466053.pdf
Can you get Medicare supplement when you get insurance at work?
If you already have Medicare Part A and are enrolled in Medicare Part B, you can get a Medicare Supplement. When it comes to having insurance at work, take a look page 16 in the 2009 Medigap Book: http://www.medicare.gov/Publications/Pubs/pdf/02110.pdf
How can I remove the plastic cover to get to the radio on a Honda Accord 2002 EX V6?
I'm not sure if this helps you but please check it out: http://www.installdr.com/InstallDocs/Honda/PDF/466053.pdf
Will Medicare cover penile implants?
On a medicare.gov/Publications/Pubs/pdf/10116.pdf, I did not find penile implants listed... check for information on asking about items not listed. Is it medically necessary?
How do you find cumberland life insurance company?
http://www.mdinsurance.state.md.us/sa/documents/AssociatesFinancial07-29-04.pdf
