Sentences with phrase «claims are paid proportionately»

Also keep in mind that claims are paid proportionately and only up to the policy limits.

If not enough coverage is present, each claim is paid proportionately.

Not exact matches

«The lender would receive not a direct claim on that homeowner, but a participation in the Treasury's «PAR fund» which would pay out proportionately from all PAR proceeds received by the Treasury (technically, new shares in the PAR fund would be assigned based on a ratio reflecting the extent to which existing shareholders have already been paid off, so earlier shareholders don't receive more than they have coming to them).