Sentences with phrase «insurers set their maximum»

In general, few insurance companies will issue a new policy to someone older than 85 years of age, while some insurers set their maximum age at issue to age 75 or 80.

Not exact matches

In the end, Christie and state lawmakers reached a deal that set a maximum cap on Horizon's reserves, but it was far above the insurer's current reserve ratio, meaning Christie didn't get any of the money he was seeking.

That's because NC sets a cap on maximum insurance rates, and insurers can't raise rates without state permission.

A per - claim limit is the maximum amount that an insurer will pay on an individual claim made under a policy, in some cases this limit may be the same as the aggregate limit (but in this case if the first claim is at or above the threshold — no further claims may be made against the insurer on the policy) or it may be set at a fraction of the value of the policy.

Your personal property coverage limit may initially be set on the low side, around $ 5,000 or 10 % of your dwelling coverage, but you can raise this amount to your insurer's maximum.

Some insurers may set a «group» coverage limit for an entire category of valuables — for example, a maximum of $ 2,500 for all of your jewelry.

Most insurers generally set the minimum age for entry to a term insurance policy as 18 years and maximum as 65 years.