Coverage of claim expenses in an insurance policy

摘要

A contract providing collateral loss coverage that enables an exchange of money between two parties using a method that defines this coverage as a function of the recovery on an insurance policy. It may provide coverage for loss expenses when a contract of insurance or reinsurance is in force. Standard insurance does not restore the policy holder to the same exact position that existed before loss due to associated costs, limits, deductions. The invention provides a means of financing expenses that are associated with insured loss.