Sentences with phrase «policyholders claimed their policies»

As against the older regime, where premiums got hiked depending on how frequently the policyholders claimed their policies (claim - based loading), the new norms consider change in the age bracket as the basis to raise the premium.

Not exact matches

If a roommate listed on a renters insurance policy ever needs to file a claim, the ramifications for the policyholder can be serious.

As a policyholder, do not attempt to claim the personal property of a roommate if they are not listed on your renters insurance policy.

Remember that the policyholder tarnishes their claim history with each one they file, including claims filed by anyone else listed on the policy.

Property and casualty insurance companies invest a substantial percentage of book value and policyholder «float,» which is money they hold until policy claims are paid out but do not own, in investment - grade bonds, particularly corporate bonds.

If, however, a claim is challenged, policyholders should look to prior policies and claims, as well as internal insurance company documents, to establish the non-materiality of any alleged misrepresentation.

Homeowners and renters insurance policyholders can purchase an endorsement to increase the claim limit of the instrument category of their policy.

The easiest and fastest way to claim the life insurance death benefit is to look for the physical copy of the policy in the policyholder's records.

Since NC has only a negligible downward trend in the cost of claims and significantly higher administrative and compliance costs, that fifty dollar a year difference means that NC policyholders are underpaying for their policies.

The third number is the claim limit a policy will pay to another party for any property damaged by the policyholder, or rider.

It's in the insurance company's best interest, your best interest, and the best interest of all policyholders to make sure that any liability claim against a policy is properly defended.

Liability coverage generally includes defense costs, as well, and most policies pay those without regard to the policy limits because it's in the best interest of you, the company, and other policyholders to prove the liability claim before paying it, in order to avoid large settlements for false or frivolous claims.

Claim payments are made out to the policyholder, and you'll always be able to move your policy individually should it become necessary.

So if a roommate listed on a renters insurance policy files a claim, the policyholder will be the one reported to the exchange and their CLUE report will show that claim going forward.

As a policyholder, do not attempt to claim the personal property of a roommate if they are not listed on your renters insurance policy.

Remember that the policyholder tarnishes their claim history with each one they file, including claims filed by anyone else listed on the policy.

If a roommate listed on a renters insurance policy ever needs to file a claim, the ramifications for the policyholder can be serious.

That's because a policy for each roommate means that your coverage limits remain your own and that checks for claim payment are made to the policyholder rather than to both of you, or to the roommate who bought the policy.

No matter which roommate files a claim, it will appear on the policyholder's Comprehensive Loss Underwriting Exchange (CLUE) report, which insurers in the future will use to price their insurance policies.

When shopping for the right life insurance policy, it is also imperative that you review the company that you are considering purchasing through, as you will want to know that it is stable and safe financially and that it has a good reputation for paying out its policyholder claims.

Copay - In the past, Petplan has reimbursed 80 % (20 % copay) on claims for visits to emergency or specialty hospitals - even if the policyholder's policy had a 90 % or 100 % reimbursement.

According to a recent Superior Court decision, it is a business agreement.2 This case did not involve a LAWPRO claim, but it is a warning to practitioners that disability insurers are free to contract out of the LA 2002 where a company or an association is a policyholder, even though the policy is for the benefit of the company's or association's employees or members.

A key determinant both of coverage provided by the LawPRO policy under the Law Society's insurance program, and of whether liability could spread beyond the individual lawyer - policyholder, is the nature of the error or omission giving rise to a claim.

We regularly counsel and represent insurance companies involved in disputes with policyholders alleging both the wrongful denial of policy benefits and the refusal to settle third - party claims.

The policyholder agrees to pay the premiums for insurance, and the insurance company agrees to pay claims unless one of the policy exclusions applies.

The NSW Court of Appeal has recently confirmed that a policyholder is entitled to recover under its liability policy the costs of «voluntarily» remediating accidental damage in compliance with statutory obligations, even where there had been no prosecution or third party claim against the policyholder.

Moreover, many car insurance policies impose strict deadlines on policyholders to provide notice of a potential uninsured claim.

The class action lawsuit was brought by millions of policyholders who claimed State Farm had violated their insurance policies and consumer protection laws by offering inferior parts to repair their cars.

The NSW Court of Appeal has recently confirmed that a policyholder is entitled to recover under its liability policy the costs of «voluntarily» remediating accidental damage in compliance with statutory obligations, even where there had been no prosecution or third party claim against the...

Further, the commenter stated that particularly in cases where the policyholder dies within two years of the policy's issuance (within the policy's contestable period) and the cause of death is uncertain, the insurer's inability to access relevant protected health information would significantly interfere with claim payments and increase administrative costs.

• Boliden Ltd. v. Liberty Mutual Insurance Co.: In the first Canadian appellate court decision to interpret how a pollution exclusion in a D&O policy applied to a securities claim, the outcome surprised many and resulted in many insurers and policyholders re-examining their contractual wording.

When you are considering which life insurance policy is right for you, it is also important that you go with an insurance company that is strong and stable financially, and that has a good reputation for paying out its policyholder claims.

It's probably not be fair for a policyholder to be subject to more expensive premiums because a roommate they added to their policy filed a liability claim they had no connection to.

In addition, you should also make sure that the insurance company that you're considering purchasing the policy through is strong and stable from a financial standpoint, and that it has a good, positive reputation for paying out its policyholder claims.

In addition to that, you will also want to review the insurance carrier that you're considering buying the policy through in order to determine whether or not it is strong and stable financially, and that it also has a good, positive reputation, for paying out its policyholder claims.

You will also want to know that the insurance company you are purchasing the policy through has a good, positive reputation for paying out its policyholder claims.

Ensuring that the life insurer pays out its claims to its policyholders will be a key factor in whether or not you should move forward with your policy purchase decision.

In the case of death of the policyholder during the policy period, the insurance company pays a death claim equal to the Sum Assured or Death Benefit.

Some benefits that policyholder receive from Liberty Mutual Insurance are after hours policy services, round the clock claims assistance, twelve month locked policies, a Freedom Pay Plan to always make payments on time, as well as Emergency Roadside Assistance.

Most life insurance policies will deny a claim if the policyholder committed suicide in the first two years of the policy.

Claiming that the policyholder would receive bonuses being distributed by IRDAI if they purchase an insurance policy and wait for a few months after which the bonus would be released by IRDAI.

Irda mandates that all claim processes be communicated to the policyholder via the policy document and on the website; the lives assured and the possible claimants will do well to read the processes at least once.

Claim payments are made out to the policyholder, and you'll always be able to move your policy individually should it become necessary.

Claim is the policyholder's request for the reimbursement of a loss which is covered by their insurance policy.

So long as there is an open claim against a policyholder and the policy limits have not been met, the duty to defend continues.

In case, the policyholder purchases a policy without mentioning this fact, he may be granted the cover based on his declaration, however, in case of an early death, the insurance company is within its rights to repudiate the claim as he has not disclosed material facts at the time of entering the contract.

Death of a policy holder I have had an ongoing insurance claim from a car accident for over 3 years, but recently the policyholder died.

When the policyholder dies, the beneficiary needs to contact the insurance company to alert them, using a death certificate, policy document, and claim form to get the money after the death.

The policyholder is benefitted by the insurer for not making any claim in a policy year.

The easiest and fastest way to claim the life insurance death benefit is to look for the physical copy of the policy in the policyholder's records.