What does attachment point mean?

attachment point meaning in Law Dictionary

claim quantity that goes beyone something covered in insurance coverage. More protection is bought in cases like this. Make reference to extra insurance.

attachment point meaning in Business Dictionary

Insurance claim amount above that the extra coverage, bought aside from the main coverage, comes into result. See also extra insurance.

attachment point meaning in Insurance Dictionary

the point where extra insurance or reinsurance limitations apply. For instance, a captive's retention could be $250,000; this is basically the "attachment point" where excess reinsurance limitations would use.

Sentence Examples with the word attachment point

Its principal function is a secure attachment point for a safety line.

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