Sentences with phrase «amount up to the policy limit»
If you're responsible for the claim, or it settles, the policy pays that amount up to the policy limit.
https://www.effectivecoverage.com/ Not exact matches
It also means that the policy will pay the final amount you're held liable for, up to the policy limit.
Your landlord insurance can cover your costs up to the limits on your policy, after your deductible amount is paid.
If a rider with the same limits injured three people, their policy would only pay up to $ 50,000 for the accident no matter the amount each individual injured person claimed.
You can claim up to the total policy limit in personal property losses, though if your policy is written with an appropriate amount of coverage it may not be necessary to go that high depending on the type of loss.
This means that if someone sues you for liability and the liability amount exceeds your insurance coverage, your umbrella insurance policy will cover the remaining costs, up to your much higher policy limit.
Your policy comes with a certain amount of liability coverage that will pay for both the cost of defending you in court and any court awards, up to the limit stated in your policy documents.
After a loss, you will file an insurance claim and receive compensation up to the limit of your policy, after your deductible amount is subtracted.
Once you've paid that amount towards the loss, the insurer picks up the rest of the loss up to the policy limit.
If it is necessary for you to move into a motel or apartment temporarily because of damage caused by a peril covered in your policy, your insurance company will pay an amount up to 20 % of the policy limit on your dwelling for these expenses.
This just means that your personal property is covered up to the amount it would cost to replace it, subject to deductible and policy limits, in the event of a loss.
In other words, it's the amount of money that you spend out - of - pocket before the policy kicks in and covers the rest of the loss, up to the policy limit.
Once the coverage on the mobile home liability insurance policy is exhausted, the umbrella policy would kick in and pay the remaining amount, up to the limits of that policy.
As a result McKnight recommends investing in a cash value life insurance product that provides the least amount of insurance the IRS requires, while flooding the policy with additional money up to the IRS limit.
When it comes to policy, it's pretty much impossible to limit the amounts of oil, gas and coal used unless one comes up with a superior way of replacing them.
This means that even if their insurance company pays up to the policy limit, the amount is still insufficient to fully compensate the injured victim for damages.
Under the terms of the policy, coverage on the building would be determined on a actual cash value basis up to the amount of the policy limit of $ 800,000.
Lifetime Coverage Limits: Some health insurance policies only pay for health care up to a certain dollar amount in a pets lifetime.
However, Universal Life is more flexible than whole life, allowing the premium and face amount to change.This can be advantageous if you have either limited funds and you can not make a large premium payment or you have excess funds and you want to store up some additional cash value in your policy for a «rainy day».
Insurance companies limit the amount of time a policyholder's liability will cover medical payments — it's usually a duration of three years or up to the limit of the policy.
Policies now had to provide coverage up to age 95, limit their premium payments, and establish a certain ration between the face amount of the policy and the cash value.
The amounts paid under SUM by your policy up to its SUM limits will be reduced, or offset, by any amounts recovered from another party's auto insurance liability policy.
It also means that the policy will pay the final amount you're held liable for, up to the policy limit.
Add on plan to cover the excess expenditure beyond the threshold limit or any amount reimbursed or reimbursable under any Health Insurance Policies / Reimbursement scheme whichever is higher, up to the Sum Insured stated in the policy.
As permanent policies, they afford the flexibility to vary the amount or timing of premium payments, and the death benefit may be adjusted up or down (in accordance with the plan limits) without having to purchase a new or separate policy.
But even with coverage limits, you'll usually find that you're covered; coverage amount limits usually go all the way up to $ 500,000 policies but some carriers, like Principal, will allow it on policies all the way up to a million dollars.
In case the insured person loss his passport in the journey the company will help you out and pay you the insurance amount up to the limit as mentioned in the policy documents.
Another seldom discussed option is the Limited Seven Pay Whole Life policy, which for IRS tax reasons is the exact amount of years that a policy must be set up for to garner some tax advantages.
The insurance company is going to give you the amount of money (up to your policy limit) that it takes for the materials and labor to replace your home.
Your homeowners policy generally provides coverage for your house's structure and an additional amount for personal belongings, up to a certain limit.
It's the amount of risk you're retaining after which point the insurance carrier pays out up to the policy limit.
Once you've paid that amount towards the loss, the insurer picks up the rest of the loss up to the policy limit.
For people in their 70s, the policy maximum amount is restricted to $ 50,000 for comprehensive plans, while limited coverage plans only cover up to $ 75,000.
Once the coverage on the mobile home liability insurance policy is exhausted, the umbrella policy would kick in and pay the remaining amount, up to the limits of that policy.
Insurance pays a percentage of eligible expenses up to the policy limit, and the remaining amount is your liability.
In the event of a covered loss, the insurance company pays for the financial losses the business incurs up to the limit of the policy after the deductible amount is paid by the business filing a claim.
This means that if someone sues you for liability and the liability amount exceeds your insurance coverage, your umbrella insurance policy will cover the remaining costs, up to your much higher policy limit.
This is the same amount as the policy's lost income benefit limits (up to $ 900 per month) for one year following the death of the insured person.
As a rider you can attach to a life insurance policy, the Guaranteed Insurability option allows you to increase the coverage amount on specific dates or to choose an entirely new policy based on your original life insurance health rate class.You will be limited on how much you can get, but typically the maximum amount will be twice your original death benefit, up to $ 125,000.
Actual Cash Value pays to replace your possessions minus an amount for depreciation (the reduction in the value of items due to age and use) up to the limit of your policy.
It is also inclusive of the amount you have to pay if sued, but only up to the policy's limit.
If the accidental injury is due to your negligence any amount over $ 1,000 per person can be covered by your Personal Liability coverage (up to the Personal Liability limit chosen for your policy).
The additional insured can be added at an amount up to the limit of the insured's coverage, and the children can be added by purchasing inexpensive units of coverage that insure all the children in the family and any future children that are born after the policy is issued.
This may be either (1) reduced paid - up insurance provided under the nonforfeiture provision; (2) a limited payment policy under which all premiums have been paid; or (3) a policy on which accumulated dividend are applied to pay the net single premium required to pay up the difference between the policy's reduced paid - up insurance and its face amount.
However, it requires you to submit some necessary proofs and is limited up to the amount mentioned in the policy.
A personal homeowners policy often has minimal liability coverage of up to $ 1,000 for damage to the property of others, so your guest would have coverage up to that limited amount from their existing insurance.
Policy holders can only borrow up to the limit of the cash value, not up to the limit of the death benefit amount.
In a renters insurance policy, the deductible is the amount of money the policy holder agrees to pay out of pocket toward any covered loss before the insurance provider pays the excess up to the limits of the policy.
You can claim up to the total policy limit in personal property losses, though if your policy is written with an appropriate amount of coverage it may not be necessary to go that high depending on the type of loss.
And it's important to remember that your policy will typically only cover losses up to a certain amount, so it's important to know your coverage limits and adjust them to fit your needs.