What does Attachment Point mean? Read on to discover the definition & meaning of the term Attachment Point - to help you better understand the language used in insurance policies.
An attachment point is a concept used in the context of reinsurance. It is the amount that a ceding company will pay for a risk. Once the loss exceeds this amount, the reinsurer will step in and pay for the excess.
We hope the you have a better understanding of the meaning of Attachment Point.