Sentences with phrase «during the policy period»

Second, the industry began issuing claims - made policies, where the policy covers only those claims that are first «made» against the insured during the policy period.

Claims - made policies are usually cheaper but they cover claims made during the policy period only.

Insurance companies set limits on individual claims and the aggregate of claims during a policy period.

It covers claims for bodily injury or property damage arising out of your product or completed work, if the injury or damage occurs during the policy period.

One can surrender policy at any point of time during the policy period depending upon the conditions.

In an unfortunate event, if the insured dies during the policy period, the nominee will be compensated with the sum assured.

Business income coverage typically provides limited coverage (perhaps $ 100,000) for a location you acquire during the policy period.

Note: In case, the life assured passes away during the policy period, the insurance company pays the sum assured to the nominee as per the payout opted by the policyholder.

Political Risk coverage protects you against loss in value of your foreign investments or assets resulting from specified political events during the policy period in the country where the investments or assets are held.

Some limit coverage to claims reported during the policy period.

Offers death benefit in case of death of the life assured during the policy period, if the policy is in force and you have made all the premium payments.

This is the monetary amount your nominees will receive in case of your demise during the policy period.

Some policies are more restrictive, requiring claims to be made and reported to the insurer during the policy period.

Under an occurrence policy, coverage is triggered (initiated) by an injury that takes place during the policy period.

This benefit is payable for 15 days per occurrence and 60 days during a policy period.

This plan continues even if during policy period the life assured passes away.

The nominee can be changed by the policyholder any time during the policy period by giving a notice to the insurer.

It offers defined benefits based on the nature of injury sustained by the insured person in an accident during the policy period.

So you know your rates will not increase during the policy period.

Buildings may increase in value during the policy period due to inflation, rising construction costs, or a hot real estate market.

The additional sum insured will be available once during the policy period.

Identity theft coverage pays for expenses as a direct result of any identity theft or fraud discovered during the policy period.

Term insurance plan provides risk cover during the policy period.

If you haven't traveled during the policy period, you are supposed to submit the following documents as the proof of that so that the refund could be processed.

The policy can be cancelled during the policy period as well.

It is also not applicable for exemption if the total premiums paid during the policy period are more than 20 % of the total sum assured received.

The policyholder has the right to select his own funds and also to change the funds at anytime during the policy period (subject to charges, if any).

Don't forget to employ your discounts and bonuses that you get during your policy period.

You should be able to get it lowered if your credit scored improves during the policy period.

If I install a music system in my car during the policy period, will that be covered?

The dividend is paid regardless of your loss experience during that policy period.

An employee of your was injured during the policy period, and your insurer paid the worker $ 2,000 in benefits.

Fortunately, most commercial property policies afford some coverage for property the insured purchases or constructs during the policy period.

The claim may be brought during the policy period or after the policy has expired.

Under occurrence medical malpractice policies, coverage is typically provided for injuries that result from medical treatment provided during the policy period.

If an acceptable accident prevention course is completed sometime during a policy period, when does the premium reduction begin?

They pay back as a lump sum on maturity the sum assured and bonuses declared during the policy period.

No change in Third party liability premium or service charge during the policy period.

You acquire several new vehicles during the policy period.

The coverage provided by a life insurance policy is In Force during the policy period if the premiums owed for the coverage are paid up - to - date.

This benefit is applicable for all the insured persons, irrespective of the number of occurrences during the policy period.

If I install a car stereo during the policy period, will that be covered?

Claims made insurance pays for claims made during the policy period, more or less without regard to when the act occurred.

It covers claims or suits alleging bodily injury or property damage if the bodily injury or property damage occurs during the policy period.

Under a claims - made policy, the triggering event is a claim made against an insured during the policy period.

The life insurance company pay the nominee only if the life assured dies during the policy period.

That is, if your policy already covers a building, you may extend your Building coverage to cover a building you acquire during the policy period.

In case, the life assured passes away during the policy period, the insurance company pays the effective sum assured to the nominee as per the payout opted by the policyholder.

After reaching the aggregate limit, the insurer pays no additional claims during the policy period.

A claims - made policy protects an insured against covered claims or incidents that occur and are reported during the policy period.