VALUABLE PAPERS INSURANCE
Valuable Papers Insurance: translation
A special type of property-casualty insurance. Valuable papers insurance will reimburse the policyholder for the monetary value of any valuable papers that are lost for any reason, such as wills, trusts or corporate charters. It is often purchased by corporations, small businesses and wealthy persons.
The coverage limits for valuable papers insurance can be very high in some cases. However, the coverage is always limited to either the actual monetary value of the papers themselves or their replacement value. Furthermore, the papers insured must always be carefully guarded in an appropriate fashion in order to file a claim.
- valuable papers insurance—.Insurance that provides coverage for the destruction or loss of papers that have intrinsic value.Small Business Taxes amp Management...Англо-русский экономический словарь