Glossary entry (derived from question below)
English term or phrase:
primary and umbrella layers of insurance
German translation:
Primär- und Zusatz(versicherungs)deckung
Added to glossary by
ukaiser (X)
Mar 30, 2010 09:42
14 yrs ago
6 viewers *
English term
ukaiser (X)
primary and umbrella layers of insurance
English to German
Bus/Financial
Insurance
Ihr Lieben,
hier kommt die nächste Frage zum Thema: Was muss ich mir hier darunter vorstellen?
Based upon this ruling mandating an “all sums” allocation, as well as the language of the underlying insurance policies and the determination that defense costs are outside policy limits, the Company, as of XX, XXXX, increased its future expected recovery percentage from 67% to 90% of asbestos-related costs following the exhaustion in the future of its ****primary and umbrella layers of insurance**** and recorded a pretax gain of XX million.
Dank und Gruß
hier kommt die nächste Frage zum Thema: Was muss ich mir hier darunter vorstellen?
Based upon this ruling mandating an “all sums” allocation, as well as the language of the underlying insurance policies and the determination that defense costs are outside policy limits, the Company, as of XX, XXXX, increased its future expected recovery percentage from 67% to 90% of asbestos-related costs following the exhaustion in the future of its ****primary and umbrella layers of insurance**** and recorded a pretax gain of XX million.
Dank und Gruß
Proposed translations
(German)
| 3 +1 | Primär- und Zusatz(versicherungs)deckung |
Kristin Sobania (X)
|
Proposed translations
+1
1 hr
Selected
Primär- und Zusatz(versicherungs)deckung
auf *Zusatz* bin ich durch folgenden Link gekommen:
What Does Umbrella Insurance Policy Mean?
Extra liability insurance coverage that goes beyond the limits of the insured's home, auto or watercraft insurance. It provides an additional layer of security to those who are at risk for being sued for damages to other people's property or injuries caused to others in an accident. It also protects against libel, vandalism, slander and invasion of privacy. An umbrella insurance policy is very helpful when the insurance owner is sued and the dollar limit of the original policy has been exhausted. The added coverage provided by liability insurance is most useful to individuals who own a lot of assets or very expensive assets and are at significant risk for being sued. Investopedia explains Umbrella Insurance Policy
The premium for an umbrella insurance policy may be less expensive if the policy is purchased from the same insurer that provided the original auto, home or watercraft insurance. Depending on the provider, the policyholder who wants to add umbrella insurance policy is required to have a base insurance coverage of $150,000 to $250,000 for auto insurance and $250,000 to $300,000 for homeowners insurance.
http://www.investopedia.com/terms/u/umbrella-insurance-polic...
What Does Umbrella Insurance Policy Mean?
Extra liability insurance coverage that goes beyond the limits of the insured's home, auto or watercraft insurance. It provides an additional layer of security to those who are at risk for being sued for damages to other people's property or injuries caused to others in an accident. It also protects against libel, vandalism, slander and invasion of privacy. An umbrella insurance policy is very helpful when the insurance owner is sued and the dollar limit of the original policy has been exhausted. The added coverage provided by liability insurance is most useful to individuals who own a lot of assets or very expensive assets and are at significant risk for being sued. Investopedia explains Umbrella Insurance Policy
The premium for an umbrella insurance policy may be less expensive if the policy is purchased from the same insurer that provided the original auto, home or watercraft insurance. Depending on the provider, the policyholder who wants to add umbrella insurance policy is required to have a base insurance coverage of $150,000 to $250,000 for auto insurance and $250,000 to $300,000 for homeowners insurance.
http://www.investopedia.com/terms/u/umbrella-insurance-polic...
Note from asker:
| Hallo Kristin, danke, das klingt auf jeden Fall mal gut, in diese Richtung ging auch mein Gedanke, aber irgendwie steige ich einfach noch nicht durch deren merkwürdige Versicherer durch, weil sie nichts mal klar bei Namen nennen. (Würde ich auch nicht, an deren Stelle, denn Asbest-Klagen sind ein teurer Spass in den USA. Unsereins dagegen ruiniert sich seine Gesundheit kostengünstiger ;-)) |
4 KudoZ points awarded for this answer.
Comment: "Danke dir ganz und herzlich, und natürlich auch Dank an Barbara!"
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