Sentences with phrase «insurer at claim time»

Not exact matches

Exemptions and payout caps can save an insurer from paying more than it can, Shey says, but a catastrophic event with hundreds of clients filing claims at the same time is worrisome.

At that time, FICO conducted numerous studies with insurers across the country to determine whether there's a statistical correlation between a person's credit score and the likelihood that he or she will file an auto insurance claim in the future.

Insurers are of course well aware of this and so are inclined to rigorously examine the facts at the time of a claim to compare them with the facts disclosed, originally.

(2) If an insurer in respect of which a winding - up order has been made under the Winding - up and Restructuring Act (Canada) is liable to pay statutory accident benefits, the benefits, including any benefits that were outstanding at the time the order was made, shall be paid out of the Motor Vehicle Accident Claims Fund.

Other factors that may determine the time involved to resolve your claim are whether fault for your injuries is an issue with the insurer, how many parties are involved, such as in the case where more than one person might be at fault for your injuries, and whether you might have had previous injuries or accidents that the insurer might argue are contributing to your symptoms or length of recovery.

(5.2) If there is more than one insurer against which a person may claim benefits under subsection (5) and the person was, at the time of the incident, an occupant of an automobile in respect of which the person is the named insured or the spouse or a dependant of the named insured, the person shall claim statutory accident benefits against the insurer of the automobile in which the person was an occupant.

(3) A lawyer or other representative who acts for the insured person in respect of the application for a benefit or in respect of any civil proceeding arising from the accident shall, at the time the treatment confirmation form is submitted, give the insurer and the insured person written notice disclosing any conflict of interest that the lawyer or representative has relating to the claim for benefits.

Represented professional liability insurer seeking to rescind policy issued to reinsurance company as a result of claims made against reinsurer for improperly calculating collateral requirements and wrongfully failing to release collateral, which claims were known to reinsurer at time of professional liability renewal policy application.

As a monopoly insurer ICBC often has one adjuster assigned to look after a person's claim for no - fault benefits and at the same time look after the defendant's interests in the Plaintiff's tort claim.

Looking forward to the opportunities that lay ahead, Simon Wright added, «At a time in the market cycle when Insurers» margins are being squeezed to an almost unprecedented level and with a hardening of rates seemingly some way away, Beale and Company are now able to provide a tailored, outsourced Claims Handling solution to lighten some of that burden.

If at the time of an accident the excluded driver is a passenger in a vehicle that she is excluded from driving, she could still claim recourse against that insurer as an «insured person» because she was an occupant of the vehicle involved in the accident (criteria (b) in the «insured person» definition».

The rationale for this principle is obvious: persons injured in car accidents should receive statutorily mandated benefits promptly; they should not be prejudiced by being caught in the middle of a dispute between insurers over who should pay, or as in this case, by an insurer's claim that no policy of insurance existed at the time.

We aim to resolve your case without going to court and will attempt to negotiate with the other party outside of court, but at times there may be aspects of your claim that the other party's insurers won't accept, or there might be a chance of getting greater compensation if the case was taken to court.

Insurers reacted negatively to this idea, which came at the same time as claims more than doubled and the economy was in decline.

Bennett issued a statement of claim against the insurer, asserting, inter alia, that she was at all material times the owner and occupier of the...

At a time when the government trying to push through major changes to the funding of claims by people injured through no fault of their own — which will impoverish the public purse and boost the already bloated profits of insurers — it confirms what we have said all along: the government has no real grasp of the figures or data.

If you are not advised at the time of settlement where a comparable vehicle can be purchased, and you are unable to locate one on your own within 35 days after receiving the claim payment, then you need to notify the insurer.

A pregnant lady is not covered if claims fall under exclusions of pregnancy clause imposed by the insurer at the time of issuing the policy.

The aforementioned list of documents are required at the time of processing a claim, you may require presenting other evidence like certificate by the employer or any other reports or forms, which assist in resolving the issues raised during the claim verification by the insurer or the investigation process.

Policyholders are required to submit a valid proof of age at the time of claim to avail the age related discounts offered by the insurer.

(iv) You declare that you consent to the insurance company seeking medical information from any doctor or hospital who / which at any time has attended on the person to be insured / proposer or from any past or present employer concerning anything which affects the physical or mental health of the person to be insured / proposer and seeking information from any insurer to whom an application for insurance on the person to be insured / proposer has been made for the purpose of underwriting the proposal and / or claim settlement.

If you did not provide accurate or comprehensive information at the relevant time, the insurer may be able to reject your claim.

-- the car's actual cash value (read: fair market value) at the time of the incident is $ 20,000, which is what your insurer will pay out on the claim.

It will be difficult to dispute the agreed value (because you didn't actually «agree») at the time you make a claim if you have not raised this with the insurer upon receiving your renewal notice.

At claim time Insurance People totally manage the claims process and act as intermediary's between clients and insurer thus taking the stress and hassle away at a client's greatest time of neeAt claim time Insurance People totally manage the claims process and act as intermediary's between clients and insurer thus taking the stress and hassle away at a client's greatest time of neeat a client's greatest time of need.

Agreed value — generally means that at the time of the claim the amount the insurer will pay will already be agreed between you

Every year, many claims are rejected by the insurer on the grounds that the nominee was not present at the time of claim settlement.

For example, in case of disputes with the insurer at the time of claim settlement, your agent might act as a mediator and make the situation better.

At the time of claim, insurer factors in depreciation value of the vehicle to calculate the amount payable.

Claims related issues: Since life insurance claims are usually made at a traumatic time in one's life, all insurers strive to make this process as smooth as posClaims related issues: Since life insurance claims are usually made at a traumatic time in one's life, all insurers strive to make this process as smooth as posclaims are usually made at a traumatic time in one's life, all insurers strive to make this process as smooth as possible.

In life insurance, insurers are looking at hiring counsellors to help policyholders at the time of a death claim

Many American insurers do not provide or offer flood insurance due to prohibitive costs: they are not able to spread the risk over a wide enough population and therefore put their balance sheet at risk if there are multiple claims at the same time.

And finally, driving safely and without making a claim will earn you a no claims bonus at renewal time, as doing so demonstrates to insurers you are a good driver.

The contribution clause — This disclosure is required because insurers can opt for a contribution clause at the time of claim settlement.

So, on one side you, the customer, are wearing off your sandals circling the insurer for claim settlement, and on the other hand, your insurer is delaying the claim, and at the same time, maintaining a good ratio.

Have you ever thought that what if the insurer turns down the policy at the time of claim?

No claim bonus is a bonus referred as a discount that is given to the policyholder by the insurer at the time of renewal of the policy if no claim has been filed.

If a policy holder is aware of his condition but has not declared it at the time of purchase, it is likely that at the time of a claim the truth will be uncovered and the insurer will not entertain it.

Chennai floods have seen record claims as much as double of what insurers faced during the Mumbai floods in 2006 and exceeded the claims at the time of Jammu & Kashmir and Uttrakhand floods.

At the time of claim settlement, if the insurer finds any gap between what is declared and the reality, your health insurance claim can be rejected.

The insurer deducts the depreciable expenses at the time you make a claim, which the insured has to bear.

One must cross check if the preferred insurer has imposed any waiting period, or introduced a permanent exclusion so that there is no hassle at the time of filing the claim.

The insurers will seek the details at the time of buying the policy for new policies and in case of non-life policies, the details will be given at the time of renewals or claims.

Hence, the insurer shall not be liable to accept or process claims for accidental damage that is caused by drivers without a valid license at the time of the accident.

Know the Deductibles: Deductible is the amount you pay voluntarily at the time of claim and the insurer pays the rest of the claim amount.

You must be well aware of the fact that if you do not make a claim, you get awarded by the insurer and if you do, you get penalized in the form of loading charges on the premium at the time of renewal.

Hence, make sure to mention this information in your application for insurance as at the time of the claim, if the insurer finds that the customer had concealed the information, the claim will be rejected.

Also, a duly signed joint consent note has to be provided to the insurer at the time of the claim.

The higher the ratio the better is the insurer's service at the time of claim.

Many persons neglect to discuss the insurers policy for filing claims at the time that they are purchasing the policy, and then sometimes run into difficulties when it becomes necessary to file a claim.