MLchartDataset catalogue

Reinstatement premium

Term · Insurance and risk management · MLC-T-INS-002843

A charge levied by an insurer to restore the full limit of liability under a policy after a loss has reduced or exhausted that limit. This premium allows the insured to regain the original coverage amount for future losses within the same policy period. It is often calculated as a percentage of the original premium or the amount of coverage reinstated.

Table 1. Record
IdentifierMLC-T-INS-002843
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-002843",
  "term": "Reinstatement premium",
  "field": "Insurance and risk management",
  "definition": "A charge levied by an insurer to restore the full limit of liability under a policy after a loss has reduced or exhausted that limit. This premium allows the insured to regain the original coverage amount for future losses within the same policy period. It is often calculated as a percentage of the original premium or the amount of coverage reinstated.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/reinstatement-premium/"
}

Record 2,878 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.