What Does Environmental Stop Loss Insurance Mean?

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What does Environmental Stop Loss Insurance mean? Read on to discover the definition & meaning of the term Environmental Stop Loss Insurance - to help you better understand the language used in insurance policies.

Environmental Stop Loss Insurance

Environmental Stop Loss Insurance

Reduces the risk of pollution cleanup cost overruns by providing insurance coverage for excess cleanup costs when the actual cost exceeds the original estimate by more than some established percentage, such as 130 percent. That part of the percentage that exceeds 100 percent represents a built-in "buffer" before coverage is triggered under the policy. The size of the buffer will depend on the underwriter's confidence in the estimate.

We hope the you have a better understanding of the meaning of Environmental Stop Loss Insurance.

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