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What is to buy down self-insured retention?

The same as a deductible


What steps are taken by an insurance company to set up its retention limit?

A retention limit is the same as a deductible. Deductibles or retention limits are part of the policy. Insurance companies don't just make up deductibles. Usually clients choose higher deductibles in exchange for lower premiums. The same goes for retention limits, in that the higher retention limit a client is willing to accept on their own the lower the premium charged to that client by the insurance company.


What is the deductible of a personal liability umbrella policy called?

It is most often referred to as a "Self Insured Retention" or "SIR".


What is insurance retention?

An insurance retention is the portion of an insurance claim paid by the insured instead of the insurance company. A deductible is a common example of a retention although there are other types of retentions. Retentions allow the insured to reduce insurance premiums whileassuming a portion of the risk being insured.


What is the difference between relative retention time and retention time?

Retention time is the time it takes for a compound to travel from the injection point to the detector in chromatography. Relative retention time is the ratio of the retention time of a compound to that of a reference compound in the same chromatographic system. It is used for comparing the behavior of different compounds on the same chromatographic column.


Are vehicle registration fees tax deductible in kansas?

Registration fees are only deductible when based on the value of the vehicle. KS registration is a set amount bsaed on the weight so they are not deductible. Your Property Taxes (paid at the same time) are deductible.


Is 72 hours clause a limitation in insurance policy?

Generally it's about consecutive claims happened in those 72 hours from the same risk (ex: hurricane) and treated as one single claim with only one deductible retention. Therefore I don't see it as a limitation.


Is Urinary hesitancy the same as urinary retention?

no


Is the retention GPA the same as the cumulative GPA?

no.


What type of insurance has a sir deductible?

SIR stands for self insured retention. It is a deductible applied to some liability policies. The term deductible is used for insurance that covers property losses, such as the insurance that would replace your house if it burned down. Retention is a term that refers to liability insurance, insurance that pays on your behalf if your negligance caused someone else to suffer a loss. Certain liability policies,such as umbrella policies and professional liability policies require the insured to, under certain circumstances, pay for part of the loss. The self insured retention is paid by the insured before the insurance company pays for the remainder of the loss. On umbrella liability policies the self insured retention applies to losses that are not covered by underlying, primary liability policies. On professional liability policies, the self insured retention applies to all losses, and is a way for the insured to lower their premiums by retaining the risk of losses up to a certain amount.


Is SIR insurance?

"SIR" is short-hand for "Self Insured Retention" which is very similar to a "deductible". Basically, it is the amount that the insured must pay before the insurance policy is triggered.


What is the correct spelling of deductible or deductible?

deductible