A clause in a marine cargo Open Cover limiting the insurers’ liability on property in one location prior to shipment.
A clause in a marine cargo Open Cover limiting the insurers’ liability on property in one location prior to shipment.
The dollar amount of claims filed for eligible expenses at which point you’ve paid 100 percent of your out-of-pocket and the insurance begins to pay at 100%. Stop-loss is reached when an insured individual has paid the deductible and reached the out-of-pocket maximum amount of co-insurance.