Sentences with phrase «company agrees to»

You pay your premium, and the insurance company agrees to pay if a certain defined set of things happens.The insuring agreement in your renters insurance policy even says that the risk assumption is in return for you paying the premium.

You agree to pay premiums to the insurer, and in return, if you die, the insurance company agrees to pay a death benefit to the person (s) you choose — your beneficiary.

This deductible amount remains standing and does not depend upon what the insurance company agrees to pay for damages that may be forced on the car owner during the accident.

In return, the company agrees to pay for damages caused to the car or property due to the insured car or person but within the limits of the policy and terms of the insurance company.

In return for those and other duties set out in the policy, the company agrees to pay you if certain types of losses occur in order to make you whole.

In return for your premium contributions, the insurance company agrees to provide either a regular income, the right to withdraw up to a certain percentage per year, or even a lump sum payment at some future time.

Risk Transfer is when you pay a company money to assume the risk of loss — I pay my premium, the company agrees to cover some of my costs should certain events occur.

A life insurance policy which the insurance company agrees to distribute part of its surplus to the policy owners, should the board of directors determine that the surplus is not needed at the end of the year.

The short answer, of course, is that you pay the cost of your Fresno, CA Renters Insurance and in return the insurance company agrees to pay you when certain kinds of losses occur.

For example, life insurance is a contract between the Insurance Company and the policyholder in which the Life Insurance Company agrees to pay a certain amount of money if the policyholder fulfils all his obligations under the policy.

This coverage is the monetary amount your insurance company agrees to pay for you or for passengers in your car to reimburse medical or funeral expenses stemming from a car accident in your insured vehicle.

In case of uncertainties such as death, critical illness or disabilities, the life insurance company agrees to pay certain amount to the insured's nominee in return of timely premiums paid by the insured.

Policyholders agree to make premium payments to the company, and, in exchange, the company agrees to pay your beneficiaries a sum of money if you die while the policy is still in force.

The insurance company agrees to pay a guaranteed return on the investment.

In the case of Participating and Non Participating policies, the insurance company agrees to pay the death benefit regardless of the amount of money the policyholder has put into the policy.

In which the insurance company agrees to bear a fixed cost of expenses towards damage or loss of automobile because of an unpredictable situation.

Technically, term plans can be described as a contract between the person insured and the insurance company wherein the company agrees to payout the lump - sum amount, referred to as the Sum Assured if the policy holder expires during the term of the plan.

Waiver of premium is a clause that is commonly found in health and life insurance policies, and it is where in the event that you become disabled or ill (usually for a period in excess of 6 months) your insurance company agrees to pick up the premiums on your policy until such a point as you are able to return to work.

You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.Auto insurance provides property, liability and medical coverage: Property -LSB-...]

Under this agreement, insured pays insurance premium to the insurer and in turn insurance company agrees to cover risks associated with life.

Most renters policies cover named perils, a list of disasters that the insurance company agrees to honor claims for.

Most insurance contracts operate on the principle of indemnity, which means the insurance company agrees to make the insured whole after a specified loss, but no more and no less.

Recreational vehicle insurance (or RV insurance) is a contract between the RV policyholder and an insurance company, whereby the RV policyholder pays a set premium, and the RV insurance company agrees to pay for any related losses as outlined in the recreational vehicle insurance policy.

In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.

In return, that company agrees to pay covered costs associated with an auto accident once the deductible has been met under the policy terms.

If you choose Indemnity Insurance Plans, you agree to pay your insurance company an established monthly fee (around $ 14 to $ 26 per month), while your insurance company agrees to pay your dentist for dental services carried out.

The insurance company agrees to share the business risk with the business entity in exchange for premium payments.

You agree to pay the insurance company «premiums» on a regular basis (usually monthly) and in return, the insurance company agrees to pay the death benefit to the beneficiary of your insurance policy upon your death.

The life insurance company agrees to provide guaranteed coverage (death benefit) at a fixed price (guaranteed premium) for a certain period of time (level term).

Coverage Expiration Date — Your coverage ends at 12:01 A.M. North American Eastern Time on the earliest of the following: the expiration date on your ID card; the 91st day of your incidental trip to your home country; after completion of 364 days of coverage, (unless the company agrees to extend coverage upon expiration; coverage is available up to 5 years); the day you become a U.S. citizen; the date you enter active military service.

Approved: A status given to you once underwriting has been completed and the insurance company agrees to cover you.

You agree to pay the premium and your company agrees to cover you for certain losses.

On the Levittown vehicle insurance provider's side of the contract, the insurance company agrees to pay for the damages (e.g. losses) you experience if involved in an accident as specified in the policy.

Under the terms and conditions of your policy, the travel insurance company agrees to offset those financial losses if the event you're insured against actually happens.

If the insurance company agrees to a lesser amount you should confirm this in writing.

The purpose of the underinsured motorist coverage is to ensure that in the event of property or bodily damage caused by a motorist with insufficient (or no) insurance the insurance company agrees to pay out any additional costs above those that the under insured party's insurer will meet.

In return for a premium, insurance company agrees to pay a particular amount to the policyholder or his / her beneficiary on the happening of certain events like death of the insured, critical illness and personal disability.

If your insurance company agrees to «forgive» your accident you are generally provided Partial forgiveness where your star rating will drop from 6 star to a lower position, generally 5 star instead of down to 0.

Sum assured: - It is the amount that a life insurance company agrees to pay, excluding bonus.

You make an investment in the annuity, and in return the insurance company agrees to make payments to you on a future date or series of dates.

In return, your insurance company agrees to pay for expenses such as medical bills of the injured person, rehabilitative therapy, lost wages, etc. or pay money on your behalf to someone whose property you might damage.

With level term life insurance, the insurance company agrees to provide guaranteed coverage (death benefit) at a fixed price (guaranteed premium) for a certain period of time (level term).

Annuity: - It is the regular payment that an insurance company agrees to pay you after you cross the specified age.

This coverage is referred to as Part One, according to which the insurance company agrees to pay all compensation to an injured worker.

That's because new insurance systems include what's called uninsured / underinsured motorist coverage, where the company agrees to pay costs in the event of an accident where the money can't be received from the at - fault party.

A supplemental executive retirement plan (sample) is a deferred compensation agreement between the company and the key executive whereby the company agrees to provide supplemental retirement income to the executive and his family if certain pre-agreed upon conditions are met by the executive.

Motorcycle insurance is a contract between the policyholder and the motorcycle insurance company, whereby the policyholder pays an agreed upon premium, and the motorcycle insurance company agrees to pay for any motorcycle - related losses that may occur as outlined in the motorcycle insurance policy.

In exchange for paying a premium, the insurance company agrees to pay your losses as outlined in your policy.

The policyholder agrees to pay the premium and the insurance company agrees to pay losses as defined in the policy.

In this type, the insurance company agrees to pay a death benefit payout equal to the policy amount throughout the policyholder's life.