[W010]
warranty fire
Fire insurance made available for high exposure, difficult to place, and substandard properties which are either unable to find coverage in the standard market or where there is a capacity problem. The coverage is a joint pro rata arrangement between a domestic insurer and the London market. The policy is designed by the domestic, which is otherwise known as the warranty company.
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100