Sentences with phrase «additional insured person»

It's best to specify this requirement in the lease and to have the renter name you, the landlord, as an additional insured person on their policy.

«Additional insured» can also apply to auto insurance, where the additional insured person enjoys the same coverage as the primary insured.

A co-owner not living in the same household needs to be listed as an additional insured person.

Not exact matches

By being additional insured, the landlord is given protection similar to if he were a named insured on your renters policy.That's all well and good as far as damages to other people go, but there's a serious problem here.

How do you protect yourself when additional insured status is outlawed by the people you elected in Annapolis?

An additional insured is a person that enjoys the benefits of being insured under an insurance policy, in addition to whoever originally purchased the insurance policy.

Some people have been known to add their roommate as an additional named insured or coapplicant, but this is rarely a good idea.

You can usually add the person you're living with as an additional named insured to your renters insurance policy.

This rider provides additional term coverage on the insured person.

Often the single - occupancy benefit is stated this way: «The Company will reimburse the Insured, up to the Trip Cancellation and Trip Interruption Maximum Limit shown in the Schedule or Declarations Page, for the additional cost incurred during the Trip as a result of a change in the per person occupancy rate for prepaid, non-refundable travel arrangements if a person booked to share accommodations with the Insured has his / her Trip canceled, or interrupted due to any of the Unforeseen events shown in the Trip Cancellation and Trip Interruption section and the Insured does not cancel.»

«The insurance industry has expressed concern that insured persons who learn, after taking a genetic test, that they are at high risk for a genetic disease could knowingly take out policies for large amounts of additional coverage without insurers being aware of any increased risk,» says the report.

The insurer shall pay up to $ 100 per week for reasonable and necessary additional expenses incurred by or on behalf of an insured person as a result of an accident for housekeeping and home maintenance services if, as a result of the accident, the insured person sustains a catastrophic impairment that results in a substantial inability to perform the housekeeping and home maintenance services that he or she normally performed before the accident.

If no payment is required by paragraph 1, an additional payment to the insured person's dependants and the persons, other than a former spouse of the insured person, to whom the insured person had an obligation at the time of the accident to provide support under a domestic contract or court order, to be divided equally among the persons entitled, of,

(1) The optional dependant care benefit shall pay for reasonable and necessary additional expenses incurred by or on behalf of an insured person as a result of an accident in caring for the insured person's dependants, if the insured person satisfies the following conditions:

If no payment is required by paragraph 1, an additional payment to the insured person's dependants and the persons, other than a former spouse of the insured person, to whom the insured person had an obligation at the time of the accident to provide support under a domestic contract or court order, to be divided equally among the persons entitled, in an amount equal to $ 25,000 if the accident occurred before October 1, 2003 or, if the accident occurred on or after October 1, 2003,

(1) The dependant care benefit shall pay for reasonable and necessary additional expenses incurred by or on behalf of an insured person as a result of an accident in caring for the insured person's dependants, if the insured person meets the following qualifications:

(b) the additional amount remaining in respect of medical, rehabilitation and attendant care benefits, taking into account the applicable maximum limits referred to in sections 18 and 28, if the insured person were to be entitled to payment of those benefits;

A scheduled endorsement contains a «schedule» in which the person or organization that is named in the schedule is added to the policy as an additional insured.

The insured person would then be out of pocket for the additional interest through the insurer's wrong - doing.

Additional Interest Insured Another person or company who may be liable for an accident involving an insured or an insured vehicle and who has been named as an Additional Interest Insured under the Insured Another person or company who may be liable for an accident involving an insured or an insured vehicle and who has been named as an Additional Interest Insured under the insured or an insured vehicle and who has been named as an Additional Interest Insured under the insured vehicle and who has been named as an Additional Interest Insured under the Insured under the policy.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

For people living in a condo unit and working at home there is a special endorsement insuring their home - based business and offering additional liability.

If a covered person is hospitalized, the coverage for the insured and one traveling companion is automatically extended for the period of hospital confinement and an additional 5 days.

This section also covers additional benefits such as ambulance charges, education fund, dead body carriage cost, damage to cloths, and rehabilitation cost to insured person to get rid from shock of injury, also cost for modification or repair of house or vehicle after accident.

This IFFCO Tokio General Insurance company limited plan acts as an additional cover over and above the deductible amount, covering hospitalization expenses if the insured person contracts a disease or is injured in an accident.

This rider guarantees to provide additional benefits in case of the insured person's death, disability or dismemberment caused by some accident.

1) War Risk Coverage In consideration of the payment of premium calculated in the manner stated in the policy to which the rider is attached, it is hereby agreed that for additional premium the policy is amended as follows: Any Exclusion under this Plan for «declared or undeclared war or any act thereof» is waived for an Insured Person's loss caused in whole or in part by, or resulting in whole or in part from, declared or undeclared war or any act of declared or undeclared war, subject to the following restriction: The waiver only applies with respect to accidents that occur within the geographic limits or territorial waters of, or airspace above the geographic limits or territorial waters of a Designated War Risk Territory (as defined herein).

An additional important detail is that when the person insured is a minor, the life insurance policy is generally owned by the purchasing adult until the child reaches the age of majority as defined by state law.

Life insurance has fees and charges associated with it that include costs of insurance that vary based on the insured person's sex, health and age, and has additional charges for riders that customize a policy to fit your individual needs.

the Insured's additional cost as a result of a change in the per - person occupancy rate for prepaid travel arrangements if a Traveling Companion's Trip is interrupted, and the Insured's Trip is continued.

Additional Named Insureds, such as Mortgagees, Leasing companies, banks for car loans, or any other person who has an insurable interest in the property due to having provided financing on the property.

The additional named insured could be an additional owner, like if a property is in one or more people's names, or also the mortgagee or lienholder.

Loading is an additional cost built into the insurance policy to cover losses which are higher than expected, arising from insuring a person who has a medical history or a risky job.

Maturity Benefit - If the insured person survives the whole tenure of the policy, then the maturity benefit, i.e. the total sum assured amount + reversionary bonus + final additional bonus is paid after the completion of the whole tenure of the policy.

In consideration of the payment of premium calculated in the manner stated in the policy to which the rider is attached, it is hereby agreed that for additional premium the policy is amended as follows: Any Exclusion under this Plan for «declared or undeclared war or any act thereof» is waived for an Insured Person's loss caused in whole or in part by, or resulting in whole or in part from, declared or undeclared war or any act of declared or undeclared war, subject to the following restriction: The waiver only applies with respect to accidents that occur within the geographic limits or territorial waters of, or airspace above the geographic limits or territorial waters of a Designated War Risk Territory (as defined herein).

To accomplish this, companies give the best deal to clients who will use their company to insure all three main lines of insurance, as people who buy one type of insurance usually have additional items that need insuring and end up paying much more in total annual premiums than the single - line customer who only insure a car or a house.

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.

Coverage for any person or organization, if there is a written contract, permit or agreement to name them as an additional insured on the policy.

This coverage allows the policy owner to purchase additional amounts of insurance on the life of the insured person without evidence of insurability up to a maximum of 5 times.

A company or person who may be liable for an accident that involves an insured person or vehicle can be added to the policy as an additional insured.

People who have chosen additional riders as the total premium in most of the cases would exceed 10 % of sum insured.

By being additional insured, the landlord is given protection similar to if he were a named insured on your renters policy.That's all well and good as far as damages to other people go, but there's a serious problem here.

Each insured person pays a basic premium plus a small additional daily premium for the duration of the trip.

This rider pays an additional amount on top of the regular death benefit if the insured person dies in an accident.

An additional insured is a person that enjoys the benefits of being insured under an insurance policy, in addition to whoever originally purchased the insurance policy.

This means that you can add additional coverage — or even additional people to be insured.

Level term insurance rider: Gives clients the option for additional, convertible level term insurance on the person insured under the base amount of the policy.

This means that generally speaking an insured person can pass along money to heirs without incurring any additional taxes based upon life insurance proceeds.

1) Accidental Death Rider — In case of death of an insured person due to accident, the rider will provide additional sum assured.

The GI rider grantees that additional coverage can be added, without any proof of insurability for the insured person.