Sentences with phrase «only the named insured»

The arbitrator held that the phrase «in respect of a person described in that subsection» in section 275 (3) could mean only the named insured.

Only the named insured's or those falling under the definition of insured are insured on an insurance policy.

Not exact matches

In all, 17 named storms generated an estimated $ 200 billion of damage, though only a portion of these losses are insured.

An added rider to some life insurance policies that pays upon the named insured's death, but only if that death is caused by an accident.

Insurance benefits will be paid only to the «named insured» in the title policy, so it is important that an owner purchase an «owner's title policy», if he desires the protection of title insurance.

For example, if you have a checking account and a CD at the same insured bank, and both accounts are in your name only, the two accounts are added together and the total is insured up to $ 250,000.

The only time that there is coverage for a person not named on the policy may be when they are married or otherwise related to the named insured.

To boil that down, even if you are the only person named on the policy as the «named insured,» it includes by definition:

But Margot Bai, a former insurance agent and author of the book Spend Smarter, Save Bigger, says this is one area where you could save money by taking the «named peril» route and only insuring big ticket items.

And only an unresolved, fantasizing name will be sufficient to insure this open relationship.

Davis Systems are hereby added to the policy as additional Insureds but only with respect to liability arising out of the operations performed by or for the named insured but excluding any negligent acts committed by such additional Iinsured but excluding any negligent acts committed by such additional InsuredInsured.

Among other things, the appeal judge found that to apply a deductible only for a claim made by a named insured would «thwart the objective of the deductible» if the named insured was not injured in the accident but a claim for benefits was advanced by an occupant.

Instead, should the insured pass away during this time period, the named beneficiary will receive back only the amount of premium that has been paid into the policy.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

This means that if the insured passes away within the first two or three years that the policy is in force, the named beneficiary will only receive a portion of the death benefit rather than the entire stated amount.

Coverage is only available on private passenger type vehicles while in the care, custody or control of the named insured for a period of 30 days or less.

Travel Safe told us that because our nanny was listed as the «insured» on the policy (even though I paid for the vacation and the insurance) then they would issue a check for the non-refundable portion but only in our nanny's name.

The reason for this name is that a broad form policy only allows one person to be insured.

This «named operator» will be the only person allowed to operate the vehicle being insured.

The form definitely has a lot of legal documents that has to be submitted, however, it is only to insure complete proof as well as to avoid any other inconvenience if you are an employee and have worked in two places during the year, you are likely to have two forms filed in your name.

It is important to note that all of the parties cited above are insureds only while performing their duties on behalf of the named insured's business.

The endorsement will now only show Julie as the named insured.

Likewise, directors are insureds only while acting as directors of the named insured corporation.

If a person obtains an insurance policy on their own life, it is presumed that the person would only name a beneficiary who wants the insured to be alive and healthy.

In order to use these websites, you need only enter your name, contact information, information regarding your personal driving record and information about the car you wish to insure.

The named insured and their spouse or relatives who live with them are the only ones who would be afforded coverage on a policy.

With term insurance, only a death benefit is paid out to a named beneficiary upon the insured's death.

The leasing company becomes a named insured on the policy because they have an interest in the car since it is only being leased to you.

The only time that there is coverage for a person not named on the policy may be when they are married or otherwise related to the named insured.

Read your policy carefully, because some policies cover you only if the «named insured» is driving the car.

As the name suggests, in this case, the insured needs to pay only once a lump sum amount and gets coverage throughout the chosen policy period.

The only requirement is that a beneficiary can only be named ifs an insurable interest exists, meaning the beneficiary needs to benefit from the existence of the insured, either emotionally or materially.

Transportation Expenses: Subject to a daily and maximum dollar limit, this coverage (under the physical damage portion of an automobile policy) pays for transportation expenses incurred by the named insured only in the event of theft of an entire covered auto.

The only available coverage after a storm has been named is a Cancel For Any Reason (CFAR) upgrade, which allows the insured to cancel their trip for any reason but only receive up to 75 % reimbursement.

An HO - 5 insures your belongings against all causes of loss that are not specifically excluded, whereas HO - 3 only covers causes named on a specified list.

Term life insurance will only payout benefits to the named beneficiaries if the insured dies within the period term.

Only you (the named insured) are covered for claims arising out of auto accidents involving non-owned autos.

Accidental death insurance applies only to situations where the named person dies in an unpredictable way, which could include a mechanical malfunction, a car accident or some other situation where the death of the insured person was completely outside of that person's control.

As an example, on some of these plans, if the insured dies within the first two years of coverage, the named beneficiary will only be able to receive a return of the policy premiums as versus the death benefit amount.

The policy names two insured parties and only pays out when both have passed away.

Insurance benefits will be paid only to the «named insured» in the title policy, so it is important that an owner purchase an «owner's title policy», if he desires the protection of title insurance.

The prior owner should be named as the additional insured ONLY.