Sentences with phrase «insureds under liability coverage»

The parties that qualify as insureds under liability coverage are described in a paragraph entitled Who Is An Insured.

If so, you may have wondered who qualifies as an insured under your liability coverage.

Not exact matches

«We insure, up to the limit of liability... for this coverage for direct physical loss not caused by the negligence of an insured, to property covered under Section I caused by water or water - borne material, which... backs up through sewers or drains...»

Your landlord, as additional insured, would generally be barred from making a claim under your liability coverage.

Because they're not an additional insured, there are no concerns about whether or not they qualify as a third party under the liability coverage.

That's because liability is a third - party coverage designed to protect people who are not insured under the policy.

If you list them as additional insured, they're insured under the policy and likely not eligible to make a claim against your liability coverage.

If there were to be a fire due to the negligence of the person who was not insured under your policy, there would be no liability coverage for them.

Liability is a third - party coverage, and it's designed to protect people who are not insured under the policy.

In other words, if his policy covered you, you would not have liability coverage for burning down his townhome because you're all be insured under the policy!

Liability coverage does not apply to losses involving only insureds under the policy.

Your liability coverage could offer some protection, but it would likely only offer protection to you and your new bride (because she's now a «resident spouse» and therefore insured under the policy automatically).

In a nutshell, liability coverage is what pays for accidental damage or injury caused by your negligence to someone else who is not an insured under the policy.

Additional insured status could, in some cases, even make coverage under the liability section of the policy completely unavailable to your landlord.

This makes them an insured, but only under your liability and medical payments coverage.

We insure, up to the limit of liability shown in the Declarations for this coverage, for direct physical loss, not caused by the negligence of an «insured», to property covered under Section I caused by water, or water - borne material, which:

A landlord being listed as additional insured can bring trouble if you need to collect under a tenant's liability coverage.

In states where stacking is not specifically prohibited, liability limits under the uninsured motorist coverage may be multiplied by the number of cars insured under a single policy or may be added together where multiple vehicles are insured under different policies.

Typically in British Columbia you will have two or more injury claims, one against ICBC as your insurer and another against the at fault driver, usually also insured by ICBC under third party liability coverage.

This includes workers» comp, medical payments coverage, health insurance, liability coverage and uninsured or under - insured motorist coverage.

Co., where an insured sought coverage under a personal liability insurance umbrella policy for liability and defense costs arising out of a suit filed against him for alienation of affection by his lover's husband.

Under the Insurance Act, an automobile insurance policy provides liability coverage to a named insured and every other person, who, with the named insured's consent, drives or is an occupant of an automobile owned by the named insured or named in the policy when the use or operation of the automobile results in loss or damage to others.

The coverage does this by treating a «dishonest, fraudulent, criminal or malicious» act of either the insured or of others for whose actions the insured might be liable (for example, under the doctrine of vicarious liability) as an «error, omission or negligent act» as described in the policy.

Jack has over twenty years of experience in numerous types of commercial litigation matters, with substantial representations of clients in many matters involving environmental litigation, including five trials pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, significant architectural, engineering and construction disputes, business acquisition and transactional disputes, including takeover / merger and acquisition litigation, claims under purchase and sales and indemnity contracts, securities law litigation, insurance coverage on behalf of the insured, and legal issues relating to medical records release and copying.

James J. Noonan is a partner at the firm practicing primarily in the areas of personal injury and insurance defense and particularly on construction litigation, insurance coverage disputes, motor vehicle, premises liability, and uninsured / under - insured motorist cases.

Under - insured motorist coverage provides a source of compensation to an injured party when the existing liability coverage of the at - fault driver does not fully cover damages.

Obtaining coverage on summary judgment for a utility as an «additional insured» under a contractor's general liability policy in connection with underlying wrongful death claims.

This new law requires every Maryland insurance company to offer an insured liability coverage for personal injury claims made by family members in the same amount as the liability coverage for claims by a non-family member under the insurance policy.

Directors and Officers and Related Coverages — We provide analysis and dispute resolution, and litigate a variety of claims by insureds under directors and officers (D&O) liability policies and related cCoverages — We provide analysis and dispute resolution, and litigate a variety of claims by insureds under directors and officers (D&O) liability policies and related coveragescoverages.

For example, under the Liability coverage the definition of INSURED should look like this:

Common Exclusions: No coverage for (1) bodily injury / death when you are using your vehicle to carry persons or property (including magazines, newspapers, food) for compensation or a fee; (2) liability assumed under a contract; (3) bodily injury / death to an employee; (4) bodily injury / death caused by an intentional act; (5) property owned by, rented to, or in the charge of an insured person; (6) bodily injury / death to you or relative; (7) bodily injury / death or property damage resulting from a relative's use of a vehicle, other than a covered vehicle, owned by a person who resides with you; or (8) bodily injury or property damage resulting from your operation or use of a vehicle owned by you, other than a covered vehicle.

Step 3: Review your policy to determine if you are over or under insured and have enough liability and coverage to replace all the items on your list should you be required to buy them new.

Many people have the mistaken belief that a home - based business is automatically insured under the liability and contents coverage of a home insurance policy.

That's because liability is a third - party coverage designed to protect people who are not insured under the policy.

The limits of such uninsured motorist bodily injury coverage shall be equal to the highest limits of bodily injury liability coverage for any one vehicle insured under the policy; provided, however, that (i) the limits shall not exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident regardless of whether the highest limits of bodily injury liability coverage for any one vehicle insured under the policy exceed those limits and (ii) a named insured may purchase greater or lesser limits, except that the limits shall not be less than the bodily injury liability limits required pursuant to subdivision (2) of this subsection, and in no event shall an insurer be required by this subdivision to sell uninsured motorist bodily injury coverage at limits that exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident.

An «uninsured motor vehicle,» as described in subdivision (3) of this subsection, includes an «underinsured highway vehicle,» which means a highway vehicle with respect to the ownership, maintenance, or use of which, the sum of the limits of liability under all bodily injury liability bonds and insurance policies applicable at the time of the accident is less than the applicable limits of underinsured motorist coverage for the vehicle involved in the accident and insured under the owner's policy.

(4) The named insured's underinsured motorist bodily injury coverage limits, if applicable, shall be equal to the highest limits of bodily injury liability coverage for any one vehicle insured under the policy unless the insured elects to purchase greater or lesser limits for underinsured motorist bodily injury coverage.

Furthermore, if a claimant is an insured under the underinsured motorist coverage on separate or additional policies, the limit of underinsured motorist coverage applicable to the claimant is the difference between the amount paid to the claimant under the exhausted liability policy or policies and the total limits of the claimant's underinsured motorist coverages as determined by combining the highest limit available under each policy; provided that this sentence shall apply only to insurance on nonfleet private passenger motor vehicles as described in G.S. 58-40-15 (9) and (10).

In states where stacking is not specifically prohibited, liability limits under the uninsured motorist coverage may be multiplied by the number of cars insured under a single policy or may be added together where multiple vehicles are insured under different policies.

For purposes of an underinsured motorist claim asserted by a person injured in an accident where more than one person is injured, a highway vehicle will also be an «underinsured highway vehicle» if the total amount actually paid to that person under all bodily injury liability bonds and insurance policies applicable at the time of the accident is less than the applicable limits of underinsured motorist coverage for the vehicle involved in the accident and insured under the owner's policy.

(n) Nothing in this section shall be construed to provide greater amounts of uninsured or underinsured motorist coverage in a liability policy than the insured has purchased from the insurer under this section.

Any motor vehicle liability policy that insures both commercial motor vehicles as defined in G.S. 20 - 4.01 (3d) and noncommercial motor vehicles shall provide underinsured motorist coverage in accordance with the provisions of this subsection in an amount equal to the highest limits of bodily injury liability coverage for any one noncommercial motor vehicle insured under the policy, subject to the right of the insured to purchase greater or lesser underinsured motorist bodily injury liability coverage limits as set forth in this subsection.

The limits of such underinsured motorist bodily injury coverage shall be equal to the highest limits of bodily injury liability coverage for any one vehicle insured under the policy; provided, however, that (i) the limits shall not exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident regardless of whether the highest limits of bodily injury liability coverage for any one vehicle insured under the policy exceed those limits, (ii) a named insured may purchase greater or lesser limits, except that the limits shall exceed the bodily injury liability limits required pursuant to subdivision (2) of this subsection, and in no event shall an insurer be required by this subdivision to sell underinsured motorist bodily injury coverage at limits that exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident, and (iii) the limits shall be equal to the limits of uninsured motorist bodily injury coverage purchased pursuant to subdivision (3) of this subsection.

Under Delaware's SB 61, an underinsured car is defined as a vehicle «for which there may be bodily injury liability coverage in effect, but the limits of bodily injury liability coverage... applicable at the time of the accident are less than the damages sustained by the insured.»

If your work and home share the same space, you might think that your home - based business is automatically insured under the liability and contents coverage of a typical home insurance policy.

Busy Builders is insured under a commercial auto policy that includes liability and physical damage coverage for hired autos.

Commercial car insurance policies offer many of the same coverages as the typical personal auto policy, such as bodily injury and property damage liability, uninsured and under - insured motorist, collision and comprehensive and medical expenses.

While many drivers are willing to take this risk and are happy insuring under the basic coverage, many others will opt for a full coverage policy which includes liability protection as well as collision and comprehensive coverage.

Well, if you cause an accident, and the minimum liability coverage limits on your plan can not pay for all the damage, then you're under - insured for that situation.

Furthermore, the underwriting guidelines of the insurer will require the insured to maintain a minimum amount of liability coverage under these policies.