Sentences with phrase «insured party in the case»

Not exact matches

When an insured makes a claim, they assign their right of recovery to the insurance company, allowing the health insurance company in this case to go after the responsible party (you) to recover what they paid on the claim, through a process called subrogation.

On the contrary, you probably CAN afford a replacement phone, blender or auto repair in which case you can self - insure in these areas of your life and avoid lining the pockets of third party extended warranty companies.

Insurance Broking, including brokers» duties to clients on preparation of proposals, notification of insured events and other communications with underwriters; Underwriting decisions; Reports for insured parties and underwriters in cases where underwriters are seeking to avoid a policy; Disputes between insurers and reinsurers; and Personal insurance cover, including life and health insurance, residential property, PPI and motor claims.

~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to employers ~

Areas of law: Insurance law; Subrogation; Income replacement plan; Statutory exceptions ~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to employers ~

In that case the insured party, Mr. Kohanski, was sued by an association, Master Insulators» Association of Ontario Inc..

It would be arguable that once an insurer, in any future cases, has established that it is defending a third - party claim on behalf of an insured, the Commissioner would have to cease its investigation.

Has represented first - party property insurers and insureds in subrogation cases, including damage caused by a train derailment at an industrial facility that exceeded $ 200 million, damage caused by a foreign object left inside a generator that exceeded $ 3 million, equipment failures, defective products, fires, flooding, and other cases involving significant property damage and business interruption claims

While no insurance company will pay for the cost of intentional injuries inflicted by an insured, they could be responsible to cover third - party liability in such a case.

Uninsured motorist insurance provides coverage to protect drivers in case of an accident involving a party who does not have insurance or is under - insured.

In the present case, the Court held, «where a party forms the view that the divergence of interests between the insurer and its insured is such that the insured's representation by counsel appointed by the insurer might prejudice the fairness of a trial, the party is obliged to seek appropriate relief promptly from the court, certainly well before trial.»

The company refused to pay, and instead of defending their paying client who was fully insured, paid for the other party's lawyers in an attempt to have the case thrown out of court.

Also, Baggage Insurance will be of no assistance in case the insured person entrusted their property to a third party; or the lost item has been loaned, hired or entrusted to the insured person; if a person has not reported loss or theft to the Police within 24 hours of discovery; if loss or damage has been caused by delay, wear and tear, atmospheric conditions, or mechanical derangement.

How much money an insured party is to receive in the case of a loss is a critical component of the insurance policy document.

In the case of a claim, the company or the third party administrator (TPA) will pay the hospital or the insured.

To safeguard your financial interest, TATA AIG has devised an excellent two - wheeler insurance policy, which offers comprehensive coverage to the insured that include third party coverage, compensation in case of theft etc..

Comprehensive insurance plan: Insurance companies has launched insurance plan which not only insure the two - wheeler but also insure the expense of damages done to the third party property in case of any accident.

This HDFC Ergo plan offers insurance to a wide range of commercial vehicles, protecting businesses from financial loss due to accidents or damage to the vehicles, and legal liability towards third parties for personal injury, death and property damage in case of an accident involving the insured vehicle.

In such case, when it is an insured loss, you (the insured) are compensated for the loss sustained to you or to the third party, less any deductibles that apply.

In both the cases, TPA (Third Party Administrator) assist the insured person and process the LIC claims.

In this case the insurance company will pay out the amounts owed to its own insured party and then seek to recover the excess amount from the 3rd party, usually by litigation in the name of their policy holdeIn this case the insurance company will pay out the amounts owed to its own insured party and then seek to recover the excess amount from the 3rd party, usually by litigation in the name of their policy holdein the name of their policy holder.

In cases where the insured party suffers from bone fractures or other injuries that require further medical expenses after the person has returned to the country of origin, it's extremely vital to contact the insurance company after the first successful treatment.

Unlike a MIP offered by the mutual fund companies, the monthly income policies offered by life insurance companies also have an insurance cover to protect the insured party and in some cases, a maturity benefit payment at the end of the policy tenure.

In many cases, third - parties file claims on behalf of the insured person, but usually only the person (s) listed on the policy is entitled to claim payments.

Health insurance is an agreement between two parties i.e. insured and insurer under which insurer agrees to pay for medical treatment in case of any health issue for a fixed sum which is paid by insured to the insurer.

Insures any financial loss arising due to injury or death of a Third Party caused in the case of accident of the insured vehicle.

Insuresthe damage to property of a third party in case of an accident involving the insured vehicle

In case, your insured vehicle causes any third party damage or casualties, you first have to inform your car insurance company and follow their instructions.

In case of occurrence of an unfortunate event that results in the demise of the insured party, these survival benefits do not accrue any morIn case of occurrence of an unfortunate event that results in the demise of the insured party, these survival benefits do not accrue any morin the demise of the insured party, these survival benefits do not accrue any more.

In case of critical illness insurance policy, the insured person at his own expense must permit the insurers to perform or do any act of enforcing or securing the criminal rights or remedies against the third party who has caused the loss or injury.

Though only a third party insurance policy is mandatory for a bike to run on public roads, it is recommended to always insure your bike with a comprehensive policy so that any financial burden can be reduced in case of any accident.

Any remaining survival benefits that may have been paid if the insured party had survived the policy term will not be paid in such cases.

In the case of any unfortunate event that leads to the passing away of the insured party whether by accident or otherwise, then the survival benefits do not accrue and the nominees only receive the sum assured plus any bonus amount.

The death benefits are what are given to the nominees of the insured in case of the death of the insured party.

It provides coverage to the insured in case of damages to own vehicle, third party vehicle and property along with personal accident cover.

Reversionary Bonus: This bonus is declared at the end of each year by a life insurance company for its various policies and added on to the total sum payable to the insured party on the maturity of the policy or to his or her nominees in case the insured does not survive the term of the policy.

Motor insurance is an agreement between two parties i.e. insured and insurer under which insurer agrees to compensate damages to the vehicle in case of an accident.

In case of occurrence of an unfortunate event that results in the death of the insured party, these survival benefits do not accrue any morIn case of occurrence of an unfortunate event that results in the death of the insured party, these survival benefits do not accrue any morin the death of the insured party, these survival benefits do not accrue any more.

In case third - party property damage is caused by the insured vehicle, a maximum compensation of up to 7.5 lakh can be filed.

In case of the insured party passing away during the tenure of the policy, the sum that will be paid to the nominees will be the sum assured and the bonus if any.

In case of a car accident where the policy holder or another involved party suffers serious injuries and needs immediate emergency treatment in a hospital, the ambulance and medical expenses rider compensates the insured for ambulance charges and medical expenses to the tunes of approximately Rs. 10,00In case of a car accident where the policy holder or another involved party suffers serious injuries and needs immediate emergency treatment in a hospital, the ambulance and medical expenses rider compensates the insured for ambulance charges and medical expenses to the tunes of approximately Rs. 10,00in a hospital, the ambulance and medical expenses rider compensates the insured for ambulance charges and medical expenses to the tunes of approximately Rs. 10,000.

The insured party receives not only a definite return of the investment amount but also an insurance cover that ensures his nominees receive the sum assured to carry on with their lives in case the unfortunate happens.

It also eliminates the need for a couple to pay for two life insurance premiums in case the insured party's household only needs just one death benefit.

Here, the driver will get compensated in case the other party is not insured or is inadequately covered.

The primary advantage of mortgage protection life insurance is that the insured person does not have to worry about how a spouse or other party will pay for a house in case of an early death.

In some cases an insured party may have multiple insurance policies that cover the same event.

Motor vehicle insurances are also important in cases where you are involved in accident where the other party is not insured.

A home insurance policy will also often include some form of coverage for a policy holder's liability arising from bodily injury particularly on the premises of the insured party but not in the case of mental injury, though mental injury coverage can be added to these policies typically for an additional premium payment.

This insures that all parties to the divorce are aware that papers have been filed with the court, giving them an opportunity to respond and participate in the case.