parametric insurance
C2CEFR level
78/100Rarity: rare
TechnicalRegister
Cover that pays a preset amount once a measured trigger is met, regardless of the actual loss suffered.
The parametric policy paid out the moment wind speeds topped 150 knots, with no adjuster ever visiting.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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