Sentences with phrase «claimed by a policyholder»

Unearned Premium — The amount that has been paid into a policy that hasn't been claimed by the policyholder.

Sum insured The sum insured is the amount paid by the insurer in the event of a claim by the policyholder.

Third - party damages up to Rs. 7, 50,000 can be claimed by a policyholder.

Claims auditors work with insurance companies and perform audits on submitted claims by policyholders.

Not exact matches

Remember that the policyholder tarnishes their claim history with each one they file, including claims filed by anyone else listed on the policy.

Every New Yorker who pays for home, auto or business insurance would foot the bill: In the event of PRI's demise, its unpaid claims would be paid by the state's insurance company guaranty fund, with the cost ultimately passed on to policyholders statewide.

However, if the person bitten by the policyholder's dog needs to go to the hospital to get stitches, reconstructive plastic surgery, or other medical attention, the cost will likely warrant a liability claim.

The third number is the claim limit a policy will pay to another party for any property damaged by the policyholder, or rider.

In order to protect all policyholders, the adjuster needs to be certain that liability should, in fact, attach to the insured and the carrier before stating that it does by paying the claim.

Remember that the policyholder tarnishes their claim history with each one they file, including claims filed by anyone else listed on the policy.

Policyholders can not file a claim for the cost to exterminate bed bugs and damages caused by the insects (such as replacements of mattresses or other belongings).

7) As I suggested regarding ACA Capital Holdings, they ended up owned by their policyholders, who get an equitable interest in the assets of the company, though not enough to settle their claims.

The main policyholder and additional named drivers can earn a no claims discount, but the discount for named drivers may not be recognised by other insurers

Last month I started a series of post about Petplan's statistics of the most common claims submitted by policyholders by month.

The most notable changes introduced by the Bill relate to disclosure by commercial policyholders, warranties and fraudulent claims.

If an insurer has reneged on its obligation to you or a policyholder claims your company is acting in bad faith, contact Buscemi Hallett LLP by calling 619-821-9163 or by sending us an email.

Nationwide boasts that it kept its promise to protect policyholders by paying out more than $ 16 billion in claims and other benefits during 2015.

A key determinant both of coverage provided by the LawPRO policy under the Law Society's insurance program, and of whether liability could spread beyond the individual lawyer - policyholder, is the nature of the error or omission giving rise to a claim.

The lesson to be learned is to be candid, up front and truthful when applying for insurance, ensure that the application is properly reviewed when filled out by someone other than the policyholder and if the claim is denied, make sure you get expert legal assistance.

While investigating personal injury claims and negotiating settlements, insurance companies and their representatives are required by law to act in good faith toward policyholders and third - party claimants.

Uninsured and underinsured motorist accident attorney J. Todd Tenge, serving Boulder, Denver, and Fort Collins, will fight against insurers who unfairly reject, ignore, delay, or undervalue claims from policyholders who have been injured by motorists with little or no insurance.

The class action lawsuit was brought by millions of policyholders who claimed State Farm had violated their insurance policies and consumer protection laws by offering inferior parts to repair their cars.

Insurance defense focuses on matters of protecting the rights of insurance companies in the defense of claims made by policyholders, typically as a result of a plaintiff filing a lawsuit against his or her insurance carrier after being denied an insurance claim.

Established by each state to pay covered claims of policyholders of an insolvent company.

If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

Liability insurance provides coverage against a claim or lawsuit resulting from bodily injury or property damage to others caused by an accident while on the policyholder's property.

Claiming that the policyholder would receive bonuses being distributed by IRDAI if they purchase an insurance policy and wait for a few months after which the bonus would be released by IRDAI.

«TWIA has mobilized over 1,000 field adjusters as well as additional claims and call center staff who are ready to assist TWIA policyholders affected by Hurricane Harvey,» Anna Stafford, spokesperson for the association, said in an email.

Claim is the policyholder's request for the reimbursement of a loss which is covered by their insurance policy.

One third (34 %) of new critical illness insurance claims by male policyholders in 2010 began prior to age 55 according to the 2011 Buyer & Claimant Study conducted by the American Association for Critical Illness Insurance (AACII) and Gen Re.

Nearly three - fourths (71 %) of new claims by female policyholders were opened after reaching age 55.

Policyholders will now be able to claim for Additional Living Expenses incurred during the period of time in which access to the premises is prohibited by Civil Authority / Mass Evacuation Order, subject to the new 30 - day maximum.

* Examples of disclosures permitted by law would include disclosures to organizations, including our affiliated companies, which provide claims administration, underwriting, investigation or policyholder services for us or on our behalf.

The policyholder is benefitted by the insurer for not making any claim in a policy year.

The policyholder can register claims by submitting their request at the customer care helpdesk or via an SMS.

Policyholders are required to submit a valid proof of age at the time of claim to avail the age related discounts offered by the insurer.

Premiums are low and claims are maximums.Service provided by the staff is fantastic and even ambulance is provided for free for policyholder.

Benefit payment: Any amount of money paid to the policyholder (or as instructed by the policyholder) as a result of a member claiming against their LIFE FUND for a life - changing event.

In fact, according to the National Flood Insurance Program (NFIP) website, 20 percent of its claims are filed by policyholders outside of high - risk areas, and that a third of all disaster relief for flooding (usually loans that must be repaid) goes to such areas as well.

Your insurance score is then configured by taking the data and weighing it against information culled from other policyholders with similar credit and insurance claim characteristics, like the type and amount of insurance claims filed.

Alternatively, policyholders may also register a claim by sending an email on claims [at] bharti - axagi [dot] co.in.

While making claims on maturity, the insurance holder is required to provide a completely filled discharge form attached with the original policy documents as issued by LIC in the name of the policyholder.

If you're a policyholder and your home, business, or auto is damaged by severe weather or another natural disaster, you have the following options to contact us and begin the process of reporting your claim.

You can also request support for your policy or a claim by completing a form on the policyholder service page.

Due to its strong financial position and its good reputation for paying policyholder claims out promptly, Fidelity has been given a rating of A -(Excellent) by A.M. Best Company, the leading provider of news, ratings, and financial data for insurance companies.

Health insurance claims filed with carriers by providers on behalf of policyholders require little effort from patients; 94 % of medical claims were adjudicated electronically in 2011, a 19 % increase from 2006.

This means for consumers that State Farm has sufficient means to pay out any homeowners claims that are submitted by their policyholders.

Due to its healthy financial position, as well as its positive reputation for paying out its policyholder claims, John Hancock is very highly rated by the insurer rating agencies.

Deductibles will be applied differently in instances that a vehicle is stolen (and goes unrecovered), vandalized or damaged beyond repair, because the policyholder won't have to pay the deductible in order to trigger the repairs that will be funded by the claims payout.

Policyholders with homeowners insurance from are being reminded that there is a Citizens Property Insurance deadline that is now rapidly approaching by which an assessment rebate on policy must be claimed if they wish to take advantage of it.