reporting form coverage
Reporting form coverage is property insurance that allows an insured with fluctuating inventory values to establish a limit of insurance adequate to cover the highest possible exposed value but to pay a premium based on the actual values exposed.
Additional Information
Initial provisional premium is adjusted on the basis of required periodic (e.g., monthly or quarterly) reports of actual property values. The insured is penalized for late or inaccurate reports.
Summary
Synonyms
value reporting form
