Sentences with phrase «loss payment»

These factors combine to indicate overall insurance losses, or average loss payment per insured vehicle year.

As such, a lump sum future income loss payment must be «income» under s. 68 as the monies are intended to replace an individual's lost income stream.

Looking back, would you rather have the $ 15,000 in loss payment or the $ 500 in premium?

You received one actual cash value property loss payment on the insurance claim on or after May 6, 2010, and Fire Insurance Exchange applied depreciation in determining the actual cash value of the lost or damaged property in connection with that insurance claim;

HLDI executive Kim Hazelbaker focused on average loss payments per insured vehicle year from HLDI's most recent Property Damage Liability report (2003 - 05 models).

We willingly accept this differential because a) our payments are capped, and b) we get to use the money until loss payments are actually made, with these often stretching out over a decade or more.

In the Supreme Court of Canada decision in Cooper v. Miller, 1994 1 SCR 359, the issue again was whether wage loss payments under an insurance program offered as an employment benefit to unionized employees pursuant to a collective agreement could be deducted off a past wage loss award.

Loss Payable Clause — An insurance clause that authorizes loss payments to a person or entity having an insurable interest in the covered property.

Part 7 Benefits do include all reasonable medical expenses, modest income loss payments of a fixed amount if you are not able to work [Total Temporary Disability] and homemaker assistance costs.

A loss payment made by your insurer may include your deductible (your deductible may already have been subtracted).

Alternatively, the insurer may calculate your loss payment without the deductible and then send you a bill for the deductible amount.

That is, your insurer may recoup the amount of its loss payment from the party that caused the injury.

While the Personal Property Loss Settlement provisions determine the loss payment on your personal property, it's important that you know that special limits apply to certain types of property.

However, your insurer will reduce any loss payment by the amount of your deductible.

If your policy includes a coinsurance clause, your insurer will reduce your loss payment if the damaged property is underinsured.

The following equation is how ny insurance adjusters determine a loss payment (the payment you get after a loss...) when your policy is below the co-insurance percentage and is being valued at Actual Cash Value.

While the personal property amount of insurance determines the loss payment on those properties, it's important that you know that special limits apply to certain types of property.

The chart below shows the claim frequency and average loss payment per claim and average loss payment per insured vehicle year under collision coverage for recent model vehicles.

If your interest in the property has changed since the policy was written, your insurer will calculate your loss payment based on your interest in the property at the time of the loss.

A deductible can save you money on your premium in return for your willingness to take on a portion of the loss payment.