Sentences with phrase «allow additional insureds»

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.

General Liability Insurance covers bodily injury or property damage; covers damages resulting from the day - to - day operations of the business; with defense costs outside the liability limits; typically on an occurrence basis; allows Additional Insureds; and may be scheduled under an Umbrella Liability Policy.

Not exact matches

The guarantee purchase rider allows the insured to purchase additional coverage without evidence of good health.

Many insurance companies will allow you to add your unmarried partner to your renters insurance as an additional named insured.

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

FHA's new discounted prices assume no greater risk to its Mutual Mortgage Insurance (MMI) Fund and will allow many of these borrowers to refinance into a lower cost FHA - insured mortgage without requiring additional underwriting.

Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.

The features promised in the TV commercials include: «A reverse mortgage is a safe government insured loan, allows borrowers to remain in their home for life, no mortgage payments, create a stable secure retirement, provide additional income, a better quality of life.

Having the right credit card can insure that risk, and allow you to avoid costly additional insurance policies.

on Ontario judge allows insured to amend claim to include additional policies and new heads of damages after expiry of limitation period

Ontario judge allows insured to amend claim to include additional policies and new heads of damages after expiry of limitation period

Many of his law topics have allowed insurance adjusters to earn continuing education credits and have included topics such as construction site accidents, additional insured issues, indemnity and contribution and NC civil case law updates.

The rider allows the insured to purchase additional life insurance down the road with no evidence of insurability required.

Accelerator Paid Up Additions Rider allows the insured to purchase paid up additional insurance with a guaranteed cash value.

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.

The insured is also allowed to purchase additional coverage in the future.

Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.

This convertible term insurance will allow the policyholder to convert the lower - cost term insurance into permanent insurance without additional proof of insurability and possibly while locking in the rate class of the insured at the inception of the policy.

Often, insureds are allowed to convert their term life insurance coverage over into a permanent life insurance policy without having to take a medical exam or even provide any additional evidence of insurability.

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.

This benefit can be used for insured's up to age 33 and it allows them to purchase additional coverage at certain policy anniversaries without proof of insurability.

The additional perceived costs associated with whole life insurance are often in the inflated premiums that help to build cash value and allow the contract to remain in force for the life of the insured.

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.

Accelerated Death Benefit for Chronic Illness Plus Rider: Selected at issue and available at an additional cost, this rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the insured:

Many term life insurance policies will allow the insured to add additional riders in order to enhance the coverage.

It allows the insured to purchase additional life insurance coverage at specific ages, or alternatively, at special occasions such as the birth of a child or marriage.

Life stage protection: The option allows you to increase the basic sum assured at specified events of marriage and childbirth, without any medical tests: Marriage: The life insured can increase the death benefit by 50 % of the original death benefit, subject to a maximum additional amount of Rs. 50 lakhs 1st childbirth: The life insured can increase the death benefit by 25 % of the original death benefit, subject to a maximum additional amount of Rs. 25 lakhs 2nd childbirth: The life insured can increase the death benefit by 25 % of the original death benefit, subject to a maximum additional amount of Rs. 25 lakhs

Keeping this in mind, guaranteed insurability riders allow the insured person to add additional insurance amounts at specific times / events, at an additional premium.

Some plans also allow additional multiple of the cash allowance in case a surgery is undertaken by the insured.

Term life insurance will allow you to insure yourself for a set number of years and instead of paying additional money into a universal life insurance policy with restrictions, you can put the extra money into a savings account or 401 (k).

Put simply, the rider (at an additional cost) allows for an accelerated pay out of a part of the death benefit even when the insured person is alive, if he or she is diagnosed with a critical illness.

Living Benefits Rider (LBR)-- Included at issue for no additional premium, this rider allows the policy owner to receive a portion of the policy's death benefit if the insured is diagnosed as terminally ill.

This refers to an option available to some whole life insurance shoppers which allows the insured to use the policy's cash value to buy additional term life insurance.

Some products may have riders (or add - ons) that allow for a return of premium if there is no need for long - term care during the insured's lifetime, but these riders will come with additional costs in most cases.

Under Step up benefit the co. allows the policyholder to avail an additional insurance cover at important milestone stages in the insured's life at an economical and hassle free way without having to undergo any further medical examination.

This benefit is essentially the same as with life insurance policies, where the insured can pay for an additional rider that allows them to not have to pay the policy premiums while they are disabled.

Any additional prepaid expenses up to the amount insured would be covered and your trip interruption would allow for a higher benefit.

Some riders allow additional payouts to beneficiaries on account of accidental death of the insured.

Additional Insured - This is different than the Children's rider as it allows the primary insured to add an additional insured to tAdditional Insured - This is different than the Children's rider as it allows the primary insured to add an additional insured to the Insured - This is different than the Children's rider as it allows the primary insured to add an additional insured to the insured to add an additional insured to tadditional insured to the insured to the policy.

The term rider allows the payment of an additional amount should death of the life insured occur before 60 years.

FHA's new discounted prices assume no greater risk to its Mutual Mortgage Insurance (MMI) Fund and will allow many of these borrowers to refinance into a lower cost FHA - insured mortgage without requiring additional underwriting.