Sentences with phrase «higher claims payout»

This body looks at insurers» proposals to adjust insurance rates and approves them if they are justified (based on higher claims payout, danger of company to run into bankruptcy, etc.).

Knowing a motorcycle's blue book value can be helpful to a lot of motorcycle riders, particularly those negotiating with their insurance companies for a higher claim payout.

Bajaj Allianz, on an average pays 60 - 70 % higher claim payout as compared to a normal vehicle claim during festive period or a long weekend.

Not exact matches

With Chase, Wells Fargo and U.S. Bank, you'll get a maximum payout of $ 600 per claim, whereas Fifth Third's max is just $ 200, which isn't enough to replace a high - end smartphone.

Another IRC study, «Auto Injuries: Claiming Behavior and Its Impact on Insurance Costs,» found that for specific bodily injuries, the average payout for car accident injuries were 3.5 times higher for claimants who hired a lawyer.

Halliwells» administrators have launched a claim in the High Court against a group of former partners in a bid to reclaim more than # 21m gained through a controversial «reverse premium» property payout.

Due to its financial strength and stability, as well as to its reliable payout of its policy holder claims, AIG has received high grades from the insurer rating agencies.

You can go for a low - end plan that costs very little per month and offers little when you make a claim, or you can go for the other extreme, with high monthly premiums and substantial payouts for all kinds of claims.

Without CLUE reports, insurance rates would be higher across the board because people could choose not to disclose certain incidents, and insurance companies would then have to charge higher rates to everyone to cover claim payouts.

Due in large part to the company's strong and stable financial footing, as well as its payout of policyholder claims, SBLI has earned high ratings from the insurance company rating agencies.

For example, if the insurance company actuaries review a certain area one year and determine it has a low - risk factor and only charge very minimal premiums that year, but then by the end of the year they see a rise in crime, a major disaster, high losses or claims payouts for unforeseen reasons, it may cause them to review their results and change the premium they will charge for that area in the new year.

Longer terms are associated with higher premiums because the insurance company is on the hook long - term and the risk is higher for a claims payout.

Moreover, when a claim is filed by a driver with poor credit, the claim payout by the insurance company tends to be higher.

This is because you want an insurer that was evaluated by an independent third party and given a high grade and vote of confidence that the company will be able to payout future claims based on the company's financials and investment portfolio.

Due to its stable financial footing, and its timely payout of claims to its policy holders, TIAA has earned very high ratings from the insurer rating agencies.

The insurance premium will be higher for replacement cost coverage, since the payout for the claim is based on the current cost of a new item.

Insurance companies are required to keep this large cash reserve base in case death claim payouts are much higher than expected over a given time period, due to a large scale disaster or poor underwriting for instance.

objective of my buying is i just want my nominee to get 1cr after i die due to any reason i have found many crap in policy document saying accidental death cover, Claim settlement amount highest of 3, -10 times the annualized premium — 105 % of all the premiums paid as on date of death — Sum Assured Also there are some monthly payout plans.

Higher the number the claims in the company portfolio and higher is the payout by the inHigher the number the claims in the company portfolio and higher is the payout by the inhigher is the payout by the insurer.

The reason it is important to choose a life insurance company that has a high rating from AM Best is because an insurance policy is only beneficial if a payout can be made in a claim.

If you are buying one of these plans, you should expect to pay higher premiums, but you also will be given a larger payout should you ever submit a claim.

Some options like replacement cost protection are going to pay higher payouts when you submit claims, but will also come with slightly larger premiums.

Taxi's are often involved in claims and therefore insurance premiums are increased to cover a higher frequency of payouts.

This also means a higher payout at claim time, but for some drivers this may be worth it.

In the event of a minor accident with minimal damage, a liability policy with a higher deductible will not even be put to use, saving the insurer the administrative cost of responding to the claim as well as the cost of the payout itself.

Insurance can not use book value because the claim payout is based, not on the original value but on the current value with the depreciation formula applied, resulting in a higher overall claim value regardless of the age or wear on the item.

A report in the Toronto Star, citing the Kanetix study says claims are more frequent in these areas of Toronto and the payouts are higher.