Sentences with phrase «additional insured because»

Not exact matches

That's ironic, because Cort Furniture needs to be listed as an additional insured on renters insurance so the two services would seem to be a logical combination on the site.

A subcontractor will list the general contractor as additional insured on the subcontractor's policy because if there's a loss, the contractor is responsible for the work of his subs.

Because they're not an additional insured, there are no concerns about whether or not they qualify as a third party under the liability coverage.

That means they can't be on an insurance policy as a named insured or additional named insured, so the policy protects them by default because there's really no other practical way to cover them since your five year old can't exactly get their own policy.

Because it's very difficult to remove an additional named insured from the policy, and you don't want that huge claim check coming with your ex-girlfriend's name on it!

And the bonus one — Additional living expenses: What would you do if you couldn't live in your unit because it suffered damage and is undergoing insured repairs?

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

That would be an additional insured, and that's generally not a situation you want to be in because it can impact the ability of your policy to respond to a claim by the landlord because they're now a party to the policy.

Tip: Insure the car with the cheapest premium first because you'll usually get the discount on the next «additional» car (and subsequent cars).

If a civil authority prohibits your use of the residence because of direct damage to a neighboring premise by a peril insured against, coverage is available for additional living expenses.

Additional living expenses in the event you are temporarily unable to live in your home because of a fire or other insured disaster.

That's ironic, because Cort Furniture needs to be listed as an additional insured on renters insurance so the two services would seem to be a logical combination on the site.

A policy add - on that will have the Insurance Carrier pay out an additional benefits — up to the full amount of the death benefit — if either the insured's death is the result of an accident or loses a limb or digit because of an accident.

Being insured in the event of an accident is quite significant because it prevents any additional acute economic damage to take cost after an accident.

Limits for the coverage for the additional expenses that the policyowner may incur when the residence can not be used because of an insured loss is equal to 20 % of the policy limit on the dwelling.

This coverage provides payment for certain losses when your home is damaged and uninhabitable because of an insured loss, including your additional living expenses for the shortest time required to repair or replace the premises, or for your household to settle elsewhere, up to 24 months.

This is because if the insured is also the policy owner, the value of the life insurance proceeds could then be included in the estate's value — and potentially be subject to additional estate taxation.

Additional living expenses (ALE) covers the extra costs incurred if you need to live elsewhere because your home is rendered uninhabitable as the result of a hurricane (or any other insured disaster).

It means that when your landlord's insurance carrier subrogates and tries to collect that money they paid out from the responsible party, you're personally on the hook for it because your landlord doesn't have a claim against your liability coverage, as additional insured.

A subcontractor will list the general contractor as additional insured on the subcontractor's policy because if there's a loss, the contractor is responsible for the work of his subs.

This coverage provides payment for certain losses when your home is damaged and uninhabitable because of an insured loss, including your additional living expenses for the reasonable time required to repair or replace the premises, or for your household to settle elsewhere.

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.

This rider can be particularly important for young adults because it provides for an insured to be able to purchase additional insurance without having to prove insurability.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

That means they can't be on an insurance policy as a named insured or additional named insured, so the policy protects them by default because there's really no other practical way to cover them since your five year old can't exactly get their own policy.

This is because there is no additional underwriting to upgrade an existing policy besides a statement from the insured person which attests that their smoking has ceased.

Limits for the coverage of additional expenses that the policy owner may incur, when the residence can not be used because of an insured loss, is equal to 20 % of the policy limit on the home.

The reason that insurance companies may offer policies with graded death benefits is because of the additional risk that they take on with the insureds on burial insurance policies.

If the insured dies because of natural causes, the insurer will not pay the full death benefit to the beneficiary but instead will pay the total of all premiums paid to the company plus an additional small percentage of that amount.

If for instance, an insured who works as a driver for highly flammable materials encountered an accident and died therefrom, his beneficiaries may receive additional payment from the employer but not from the insurance provider because the work is considered hazardous and excluded in the coverage.

So find out what is covered by your Lawrence renters insurance so that you know what to insure, what not to insure, and you can even add additional coverage if you need it in order to insure certain items because the premium is affordable.

If your negligence causes a fire and your landlord is an additional insured, they likely won't be able to collect under your liability coverage because they're a party to the policy as additional insured.

If a civil authority prohibits your use of the residence because of direct damage to a neighboring premise by a peril insured against, coverage is available for additional living expenses.

Because of these additional coverages, and since rental properties are riskier to insure in general, landlord insurance policies typically cost as much as 25 % more than their homeowners insurance counterparts.

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

That would be an additional insured, and that's generally not a situation you want to be in because it can impact the ability of your policy to respond to a claim by the landlord because they're now a party to the policy.

And the bonus one — Additional living expenses: What would you do if you couldn't live in your unit because it suffered damage and is undergoing insured repairs?