Extrakostnadsförsakring

English translation: Additional expenses insurance

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:Extrakostnadsförsakring
English translation:Additional expenses insurance
Entered by: Charlesp

13:42 Jun 29, 2006
Swedish to English translations [PRO]
Bus/Financial - Insurance
Swedish term or phrase: Extrakostnadsförsakring
as part of an insurance policy coverage

perhaps:
- replacement value coverage.
- extraordinary expenses
Charlesp
Sweden
Local time: 22:44
Additional expenses insurance
Explanation:
Or if it relates to a business interruption policy, "increased cost of working"
Selected response from:

Neil Crockford
Local time: 21:44
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4Additional expenses insurance
Neil Crockford
2cost overrun/cost cap/excess insurance
Heike Behl, Ph.D.


  

Answers


9 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
cost overrun/cost cap/excess insurance


Explanation:
There's a whole bunch of insurances that might fit; it depends on the context and type of insurance:

Cost overrun insurances addresses exceeding estimated costs.

cf: (This is from a contract, therefore the definition of COI defines how this term is used in this contract)
(b) "Cost overrun insurance" means insurance that covers some, or all of the response costs caused by a known pollution condition at a site, that exceed the estimated response action costs that have been accepted and approved by the insurer, based on information from the department and other relevant sources at the time the insurance is first obtained.

(1) Cost overrun insurance shall, at a minimum, provide for all of the following:

(A) The response costs in excess of the estimated response action costs that have been accepted and approved by the insurer.
http://law.onecle.com/california/health/25395.40.html


Remediation cost overrun insurance does not guarantee
the performance of the remediation technology; rather, it insures against exceeding the estimated
cost of the remedial action.
http://www.brownfieldstsc.org/pdfs/InsuranceLiab.pdf

Other options are:
Stop Loss Insurance / Excess Insurance
This type of insurance addresses the amount of losses/damages.
cf:

excess insurance
Definition

Insurance which applies to that portion of a loss or damage which exceeds a specified amount.
http://www.investorwords.com/1793/excess_insurance.html


Excess insurance coverage

Excess Insurance provides an additional layer of insurance protection should your defence and indemnity payments exceed the $1 million per claim/$2 million in the aggregate limits provided by the primary LAWPRO insurance program.
http://www.lawpro.ca/insurance/increasing_coverage_excess.as...

Then there's Cost Cap Insurance:
cf:
Cost Cap Insurance
This product has been available for several years and operates to cap the remediation expense
at a negotiated sum with an insurance layer over the negotiated cap. Cost cap insurance may
be used to reduce uncertainty at the beginning of a project, thereby enticing a party to initiate a
transaction and a remediation. Its success relies upon a thorough site investigation and the
establishment of cleanup levels, which allows total cost to be predicted. Cost cap insurance can
keep a project from faltering in the event of cost overruns or unforeseen conditions.
http://www.dnr.mo.gov/pubs/pub2114.pdf



Heike Behl, Ph.D.
Ireland
Local time: 21:44
Native speaker of: Native in GermanGerman
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18 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Additional expenses insurance


Explanation:
Or if it relates to a business interruption policy, "increased cost of working"

Neil Crockford
Local time: 21:44
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 53
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