Sentences with phrase «additional insured makes»

Since liability is a third party coverage, being additional insured makes you a party to the policy.

Additional insured makes sense in the commercial insurance world, less so on the personal insurance side of things.

Since liability is a third party coverage, being additional insured makes you a party to the policy.

Not exact matches

A higher deductible means more risk being taken on by the homeowner, and that additional risk makes it cheaper to insure the policyholder.

By making your landlord an additional insured, you've just destroyed all utility of the policy for your landlord.

Your landlord, as additional insured, would generally be barred from making a claim under your liability coverage.

If you are an additional insured, you may not be able to make a claim against the tenant's liability coverage when they cause a loss.

Under the Energy Efficient Mortgage program borrowers with FHA - insured loans could qualify for a larger loan (or refinancing amount) so long as the additional funds are used to make improvements to the home.

Maryland has made an attempt to outlaw additional insured status for landlords.

If you list them as additional insured, they're insured under the policy and likely not eligible to make a claim against your liability coverage.

Additional living expenses are covered under the policy, to make sure that the insured doesn't suffer a loss because of it.

Additional insured status works differently on commercial policies than it does on personal policies, and whomever is making this ask is used to dealing with commercial policies.

Additional insured status could, in some cases, even make coverage under the liability section of the policy completely unavailable to your landlord.

Make sure you clarify what the landlord wants — additional interest is normal and just fine, additional insured status requires some further clarification to make sure they understand what they're asking you toMake sure you clarify what the landlord wants — additional interest is normal and just fine, additional insured status requires some further clarification to make sure they understand what they're asking you tomake sure they understand what they're asking you to do.

Liability is a third - party coverage, and additional insured status makes your landlord a party to the policy.

Claims checks would be made out to both of you, and you generally can not remove an additional named insured from the policy.

An additional difference between our CDS and the typical market standard CDS is that there is no acceleration of the payment to be made under our insured credit default swap contract unless the Company elects to accelerate at its option.

An additional difference between our CDS and the typical market standard CDS is that there is no acceleration of the payment to be made under our insured credit default swap contract unless we elect to accelerate at our option.

You can insure for more than the cost of the mortgage to make sure that your family has some additional funds to live off.

All offline purchases of AirAsia INSURE Travel Protection made at MITM comes with an additional RM 10,000 Personal Accident Benefit.

Professional Liability Insurance covers bodily injury, property damage, or economic damages; covers damages resulting from the company's professional service; with liability limit that covers defense and indemnity payments; typically on a «claims - made» basis; doesn't allow Additional Insureds; and can't be scheduled under an Umbrella Liability Policy.

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Read the contract requirements and write the contract requirements carefully to make sure your business is not jeopardizing its own coverage in agreeing to add additional insureds and know what you are extending when you agree to add additional insureds.

The Insurer will reimburse the Insured for additional, alternative lodging expenses, less any reimbursed deposit and / or pre-paid Hotel arrangements up to the Maximum Limit shown in the Schedule, for 1 night's lodging for each room guaranteed or confirmed by a Reservation made through the Insured's Travel Supplier that is oversold, if the Insured's Hotel is unable to provide reasonable, alternative accommodations.

And even if you can be insured, additional tests like EKGs and cognitive tests can make it feel like you're jumping through hoops.

All the insured has to do is to send Aegon Life a documented notice stating that he / she wants to attach a rider to his / her base plan and make the additional premium payment as required.

Some states» laws also allow additional insurance coverage to the insured policyholder through policy stacking provisions, whereby a claim may be made against multiple uninsured motorist policies.

As long as the conditions of the policy have been maintained and payments made on time, the insured person is not required to undergo any new or additional screening at the time the policy is converted, regardless of his / her medical condition.

Make sure to list the landlord as additional interest on your renters insurance, not as additional insured.

Farmers makes it easy to customize a policy that meets a franchisor's requirements — whether you need additional insured certificates, higher limits, employment practices liability insurance (EPLI), cyber liability or umbrella coverage.

Additional insured is not appropriate for a renters insurance policy, because it makes the landlord a party to the policy and liability is a third - party coverage.

As long as the conditions of the policy have been maintained and premium payments have been made, the insured will not be required to undergo any new or additional health screening at the time the policy is converted — regardless of their medical condition.

The rider provides an effective way for the insured to increase the death benefit when life changes such as marriage, childbirth, and homeownership, require additional coverage to make certain surviving loved ones are financially protected.

Provided that the premium payments have been made, and that all of the other conditions of the initial policy have been met, the insured will not typically be required to undergo any new or additional health screening at the time the policy is converted.

(We do however support working a second job to make additional income and to help families get insured!)

Let's assume that you are already insured, and this additional coverage is just to make your spouse feel more secure... No problem!

Terminal Bonuses: A discretional additional amount of money added to payments made at the due date of an insurance policy or on the death of an insured person.

This will ensure an owner can stop making payments after the paid up period ends, and the policy will remain in force, and continue to accumulate additional cash value, until the insured dies.

If you have any additional customizations made to your vehicle (such as stereo, wheels, DVD, etc), make sure you get them insured as well.

This means that from the insured party's viewpoint they are effectively paying a small additional premium for guaranteed insurance payments even if you can no longer make the payments.

Make sure the additional insured is listed properly on your policy by checking your declaration page or asking your agent.

If you are an additional insured, you may not be able to make a claim against the tenant's liability coverage when they cause a loss.

Additional living expenses may be paid out to insured renters who need temporary relocation after a loss has made their rented home uninhabitable while repairs are being done or investigations completed.

In fact, if the investments that the insurer made lost money, it might happen that the insured would have to pay additional amounts in order to keep the insurance policy in force.

You only need to insure prepaid and non-refundable expenses that you would lose if you cancel, so if you only have to put down a deposit, you can choose to insure that amount and add to it as you make additional payments.

Liability is a third - party coverage, and additional insured status makes your landlord a party to the policy.

If you list them as additional insured, they're insured under the policy and likely not eligible to make a claim against your liability coverage.

Additional insured status works differently on commercial policies than it does on personal policies, and whomever is making this ask is used to dealing with commercial policies.

Additional living expenses are covered under the policy, to make sure that the insured doesn't suffer a loss because of it.

Make sure you clarify what the landlord wants — additional interest is normal and just fine, additional insured status requires some further clarification to make sure they understand what they're asking you toMake sure you clarify what the landlord wants — additional interest is normal and just fine, additional insured status requires some further clarification to make sure they understand what they're asking you tomake sure they understand what they're asking you to do.