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If you have seen the show you know they often give a value referred to as insurance value or insurable value.
The League undertakes the responsibility for the care and safe custody of the Stanley Cup including all necessary repairs and alterations to the cup and sub-structure as may be required from time to time, and further undertakes to insure the Stanley Cup for its full insurable value.
Here all properties are assumed to have an insurable value of US $1,000,000.
This is the ratio of the annual loss to the insurable value expressed per $1,000 units.
For full range of elevations see Fig. SI 3. Annual loss costs represent the losses to a property normalised by the insurable value of the property and expressed per US $1,000 (for the year 2012).
To account for the effect of property type and value on risk levels, the loss model assumed that all properties were identical structures (in this case, single-family dwellings) and had the same exposure (i.e. insurable value) of $1,000,000.
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From the standpoint of the insurer, an insurable risk must meet the following requirements: 1.
In life insurance the insurable interest must exist at the time of the contract.
It is also required to make a free market in health insurance for "insurable" people workable.
Include landscaping -- that big tree out front may not be insurable, but it does increase the value of your property.
Loss payments also are limited to the amount of an insured person's insurable interest.
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