Sum insured

The insured risk is the risk of loss or damage to goods during transport that is covered by an insurance policy; it denotes the perils for which the i...

The insured value is the monetary value of goods declared to the insurer for insurance coverage, used to calculate the premium and to determine the pa...

The CIP insurance sum insured is the amount of insurance coverage provided under the CIP (Carriage and Insurance Paid to) term, covering loss or damag...

A co-insured warehouse is a storage facility whose goods are protected under a joint insurance policy (co-insurance) as part of a warehouse or transit...

The insured value of stock stored in a warehouse; the amount up to which stored goods are covered by an insurance policy against perils such as fire, ...

A contractual provision in a liability clause that ties the amount of liability or compensation to the insured sum. It specifies that the payout is li...