Damage Reserve Decision

Quelle: https://www.investopedia.com/terms/l/loss-reserve.asp

A decision in the claims handling process to determine whether and how much damage/loss reserve should be established to cover potential future claim costs. It specifies the amount and grounds for creating a reserve for damages or losses.

Related Terms

You might also be interested in these terms

Damage

Damage is any alteration or impairment of goods that reduces their functionality, usability, or value.

Learn more

Damage reserve KPI

A damage reserve KPI is a key performance indicator that measures the adequacy and utilization of reserves set aside to cover expected and incurred lo...

Learn more

Damage Reserve Model

A framework or model in logistics to estimate and hold reserves (financial or inventory) to cover potential damages, losses, or insurance claims arisi...

Learn more

Rail damage

Damage occurring to cargo, rolling stock, or railway infrastructure as a result of rail transport, including loss, impairment or destruction that affe...

Learn more

Damage reserve deviation

Variance between the planned damage reserve and the actually incurred/allocated damage costs in cost planning or risk management; measures deviations ...

Learn more

damage rate

Share of damages relative to the total quantity (e.g., shipments or goods) in a logistics process; typically the percentage of damaged items.

Learn more

⚖️ ICC Incoterms 2020

Incoterms 2020 Simulator: Who bears costs & risk?

Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.

Incoterms Simulator →