Sentences with phrase «person insurance compensates»

Not exact matches

Lloyds Bank is setting aside an extra # 1 billion ($ 1.2 billion) to compensate people who were missold payment protection insurance (PPI).

The goal for key person insurance is NOT to facilitate a buyout but rather to compensate the business for the loss of that key person.

Liability Insurance: Compensates people that you are involved in accident with when you are at fault.

But with this pit bull culture you are typically dealing with people who are irresponsible and have no assets nor insurance with which to compensate their dog's victims, They have nothing that they could lose.

You may choose to insure this individual with key - person insurance to compensate the business for lost revenue and production if this key person were to become disabled or to die.

[54] Given the intention of parties to this type of insurance coverage, which is to compensate the insured person injured as a result of an incident involving an unidentified automobile, it seems unreasonable to enforce a term of the contract that demands physical contact between the insured motor vehicle and the unidentified... [more]

Insurance companies are supposed to fairly compensate people.

People who are injured in an Uber or Lyft may be able to get compensated by the driver's insurance.

This means that if you are involved in an accident, you have $ 25,000 in insurance to compensate the injured party; you have $ 50,000 for the entire accident — in the event that more than one person was hurt; and, you have $ 20,000 in property damage insurance.

Even in instances where it seems clear that another driver was at fault, insurance companies tend to resist making full payments to compensate an injured person, unless they are pressed to do so through a lawsuit.

Usually, it is not that actual person that is responsible for compensating the injured party, but their insurance company.

You may also have the right to be compensated for that damage from the other person's insurance company.

Without knowing the full extent of a person's injuries and resulting damages, you can not make a settlement demand to an insurance company that is accurate or that fully compensates you for your losses.

Another reason to hire an attorney to assist you in resolving your insurance claim is because attorneys have a whole toolbox available that the average person does not, such as filing a lawsuit, forcing the insurance company to turn over all relevant documents related to your claim, or even taking your claim to a jury trial if the insurer refuses to fairly compensate you.

When you or your loved one suffer an injury as the result of somebody else's action, perhaps it seems natural that the person would offer to compensate you for your injury, or that their insurance company will do the right thing and offer a fair settlement.

[54] Given the intention of parties to this type of insurance coverage, which is to compensate the insured person injured as a result of an incident involving an unidentified automobile, it seems unreasonable to enforce a term of the contract that demands physical contact between the insured motor vehicle and the unidentified automobile, notwithstanding the existence of physical evidence corroborating the fact that the relevant incident occurred as a result of the insured's defensive driving action directed at avoiding physical contact with another vehicle.

Insurance companies can charge overweight and obese people more for coverage to compensate for these higher average costs.

A person carrying Uninsured Motorist coverage can count on his / her insurance company to compensate damages caused in an accident by an uninsured driver or a driver who chose to buy just the minimum insurance required by their state law.

It is also common to include a renounce clause of the insurance company to compensate the damages against the insured person in some cases (usually in case of DUI or other infringement of the law by the driver).

Liability insurance compensates a person other than the policy holder for personal injury or property damage.

Life insurance protects your family from your financial debts and obligations after you die by providing a death benefit, but it also may be used for business purposes to compensate a company for the loss of a key person in the company.

When an insured person is admitted in a hospital, hospital insurance will compensate a benefit.

Individual travel insurance in India also compensates insured people in the event of death or permanent disability.

Increasing coverage policies are useful for younger people who will need more income protection as they make more money, families who will be having and caring for additional children in the future, or a business buy - sell agreement between partners where the business value will appreciate and higher levels of life insurance will be needed to compensate the deceased family for their share in the business.

The goal for key person insurance is NOT to facilitate a buyout but rather to compensate the business for the loss of that key person.

Most people do not have sufficient amounts of money saved up to financially compensate for major accidents, so they purchase insurance.

Oftentimes, a terminally ill person may have few assets such as a life insurance policy and to compensate for the medical expenses, the ill person may sell his or her life insurance policy to an individual or a company to pay for the medical care, medicine and other types of expenses.

The basic No Fault auto insurance coverage requires that: in accordance to recognized fee schedules, necessary medical and rehabilitation expenses is paid; the owner will get compensated of about 80 % of lost earnings from the employment up to a maximum of $ 2,000 per month (up to three years from the date of accident); to cover other reasonable necessary expenses like transportation costs to / from medical appointments, up to $ 25 a day will be reimbursed for up to one year from the date of accident; and the estate of an eligible person for the benefit, but those who died resulting from the accident will receive $ 2,000 death benefit on top of the basic $ 50,000 limit.

Mr. Ghag also added that the overall objective of taking insurance is to compensate the monetary loss caused to the family due to unnatural death of the earning person and this step will also enable an equal opportunity to the dependents of the deceased thereby securing their future.

This law protects you and the people that are included in the accident by forcing you to have insurance that will compensate for the damage done.

When people think of Texas renters insurance, they tend to thing about being compensated for a stolen TV or furniture lost to fire.

The number of people who believe that life insurance compensated for damage or rebuilding assets has decreased.

now my question is it mis - seling of insurance against IRDA guidelines becaz basicaly term plan is for earning people to compensate financially his family in his absence?

For damage to a person's vehicle, your insurance company will compensate the total amount listed on your policy.