Sentences with phrase «losses during the term of the policy»

You pay a premium, and in exchange, the insurance company promises to pay for specific car - related financial losses during the term of the policy.

Not exact matches

A life insurance policy is designed to pay out a cash lump sum if the person (s) insured dies during the term of the plan; this will guarantee that the beneficiaries will not be faced with financial difficulties even though they now face a loss of income.

If the policy holder anytime during the plan term losses the policy documents or the documents get destroyed due to any reason, then on the policyholder's request, the company shall issue a copy of the policy documents which shall be duly endorsed to show the agreeable reasons of the document's loss.

As explained earlier, the IDV value is the total amount which you will get as compensation to total loss or theft of your car during the policy term.

Fearing the loss of coverage for those who file up to three insurance claims during the term of their homeowners policy, the New Hampshire Association of REALTORS ® is backing legislation that would prevent insurers from pulling the plug when the homeowners» policy comes up for renewal.