Sentences with phrase «occurs during the policy period»

Certain types of professional liability policies are issued to cover claims made during the policy period rather than things that occurred during the policy period, but that doesn't mean you can backdate renters insurance.

That means that the loss must occur during the policy period, so the policy has to exist when the loss happens.

Your auto coverage applies to accidents or losses that occur during the policy period in the United States of America, its territories and possessions, Puerto Rico, Canada or between their ports.

Thus, an occurrence may happen before or during the policy period, as long as the injury or damage it causes occurs during the policy period.

Note that a claim is covered by the CGL only if the injury or damage occurs during the policy period.

The claim will be covered since the loss occurred during the policy period.

An insurer's insolvency protection shall be applicable only to accidents occurring during a policy period in which its insured's uninsured motorist coverage is in effect where the liability insurer of the tort - feasor becomes insolvent within three years after such an accident.

Policy dates are important because many umbrellas limit coverage to injuries or damage that occur during the policy period of the umbrella.

Claims or suits are covered only if the bodily injury, property damage or personal and advertising injury occurs during the policy period.

Most policies limit coverage to threats that occur during the policy period.

The expenses must result from a loss that occurs during the policy period and must be reported to your insurer within 180 days of the date of loss.

Certain types of professional liability policies are issued to cover claims made during the policy period rather than things that occurred during the policy period, but that doesn't mean you can backdate renters insurance.

That means that the loss must occur during the policy period, so the policy has to exist when the loss happens.

Not exact matches

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

Should death occur during the modified / graded period, most policies will return the premiums paid, plus some modest interest.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

Claims made insurance pays for claims made during the policy period, more or less without regard to when the act occurred.

A claims - made policy protects an insured against covered claims or incidents that occur and are reported during the policy period.

An occurrence based policy responds to a claim for which the event creating the damage, or the damage itself, occurred during the time the policy was in force (i.e. within the start and end dates of the particular policy or renewal period).

Great American maintained that it was only obligated to cover losses arising from acts that occurred during the 2004 Policy period or the 2003 Policy period (i.e., only fraudulent acts after December 1, 2003).

This means that only those claims that are actually reported to Lawyers Mutual during the one - year policy period will be eligible for coverage, regardless of when the mistake occurred.

If an injury or illness occurs during the period of coverage and the insured person requires medical or surgical treatment, this plan will pay, subject to the co-insurance and selected deductible, reasonable and customary charges for the following covered expenses, up to the selected policy maximum.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

Also, if your boat policy specifies that your boat will be stored during a specific period, say for the cold weather months of November — February and you take the boat out for a ride during that time period; you have no coverage under your boat policy should an accident occur.

Contestable Clause All insurance companies have a period of two years from the policy issue date during which statements made on the application can be challenged for misstatement should death occur within that period.

The hospitalisation may occur due to a sudden illness, an accident or a surgery necessitated by a disease, during the policy period.

If an Injury or Illness occurs during the Period of Coverage and the Insured Person requires medical or surgical treatment, this plan will pay the following Covered Expenses, up to the selected policy maximum.

Traditionally, liability insurance was written on an occurrence basis, meaning that the insurer agreed to defend and indemnify against any loss which allegedly «occurred» as a result of an act or omission of the insured during the policy period.

Since the incident was reported during the policy period and occurred after the retroactive date, the claim is covered.

This benefit covers you for Injury or Sickness that occurs during an Incidental Trip to your Home Country during your Policy Period.

All insurance companies have a period of two years from the policy issue date during which statements made on the application can be challenged for misstatement should death occur within that period.

While the injury must occur during the policy term, a claim that results may be filed during or after the policy period.

The injury that leads to the claim may occur before or during the policy period, but the claim must be made while the policy is in effect.

In contrast, to say a 30 - year term life insurance policy, which pays a death benefit only if the insured dies during a specified period of 30 years, a whole life policy provides for the payment of a death benefit regardless of when the death occurs in someone's life.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

Claims which may relate to incidents occurring before the coverage was active may not be covered, although some policies may have a retroactive date, such that claims made during the policy period but which relate to an incident after the retroactive date (where the retroactive date is earlier than the inception date of the policy) are covered.

Should death occur during the modified / graded period, most policies will return the premiums paid, plus some modest interest.

Helps you avoid third party premium rate hikes and increase in service taxes that occur almost every year, making sure that you don't face an increase in expenditure during the policy period

A life insurance policy is a contract between the owner of the policy and the insurance company which promises to pay a stated death benefit upon the death of the insured person, as long as the death occurs during the period of time covered by the policy.

Since such policies are issued with little or no underwriting they will provide only for a return of premium or minimum graded benefits if death occurs during a specified period which is generally the first two or three policy years.

24 - Hour Accidental Death & Dismemberment pays a benefit for any type of accident that may occur during the policy coverage period covering you for accidents 24 hours of every day.

Please note: These plans are designed to provide coverage for new illnesses or injuries that may occur during the policy coverage period.

If the death of the policyholder occurs during the grace period then the full sum assured will be paid to the beneficiary after the deduction of the premium due and all the premiums falling due during the policy year.

A provision in a life insurance policy that if the death occurs during a certain time period (often 20 years), the policy will pay an amount equal to the cash value of the policy as of the date of death in addition to the face amount owed.

Term life insurance is cheap because it only pays out if death occurs during that period of time covered by the duration of the policy term.

If the insured committed suicide, the insurance company will not pay the death benefit if the suicide occurred during the «suicide period» which is typically the first two years after the policy initiation.

Claims made insurance pays for claims made during the policy period, more or less without regard to when the act occurred.

If you pay other than monthly and you die during the grace period, the company will return all premiums paid except for those due during the policy month the death occurred.

In the next sections of this Chapter I use these themes to examine some of the developments in the Indigenous policy space that have occurred during the reporting period.