Sentences with phrase «purpose of insurance»

For purposes of insurance, the amount should be equal to what it would cost to rebuild the house, not market value, and without the value of the land.

Thus, the basic purpose of an insurance policy is defeated.

The most important purpose of your insurance plan is to give them the money that they need to pay off any major expenses that they are responsible for after your passing.

A basic purpose of any insurance is to mitigate financial risk.

That's the entire purpose of insurance, particularly liability coverage.

While the primary purpose of insurance is to cover car damage and personal injuries, it has an equally important purpose of protecting your financial assets.

The main purpose of the insurance is to cover trips to the mechanic not caused by an accident or collision.

Therefore, the fundamental purpose of insurance regulatory law is to protect the public as insurance consumers and policyholders.

Once the actual purpose of the insurance is established, the correct type of coverage can be identified.

Please consider the original purpose of the insurance and those who it affects.

That's the entire purpose of insurance, particularly liability coverage.

The primary purpose of insurance is to safeguard a policyholder's financial interests in case of future catastrophic losses.

However, in this game of returns the main purpose of insurance — adequate life cover — could take a back seat.

Medical expenses increase with age and the basic purpose of an insurance is to cover that.

HDFC child plan serves the dual purpose of insurance and investment.

@Avi That would defeat the very purpose of the insurance mandate, which is to prevent hospitals taking a loss on people who are unable to pay their bills

This plan defeats the whole purpose of insurance.

But most courts have ruled that such after - the - fact remedies are insufficient: they do not adequately compensate for the injury; meritorious claims are not pursued (in part because insureds may not discover the abuse); and the potential for this abuse alone undermines the dominant purpose of the insurance relationship to afford protection and peace of mind for the insured...»

The ONLY useful purpose of insurances is to cover extremely rare events that cost really a lot and that can ruin your life because they are so expensive.

Addressing the core purpose of insurance, Edelweiss Tokio Life Insurance Company Limited, the latest new age life insurance entrant has launched two cost effective term plans that helps a family maintain the same standard of living in case of an...

Endowment plans serve the dual purpose of insurance and investment: they provide life insurance and also help the policyholder to save money over a period of time so that you receive a lump sum amount on maturation and a life cover to secure your family's future in the event of a tragedy.

Consequently, in their late sixties / early seventies when they realise that they actually require more, they either can not find a company willing to cover them, or they are compelled to take an extremely expensive plan, defeating the very purpose of insurance.

Many contingencies you can't possibly save enough for, and that's the whole purpose of insurance.

But the entire purpose of the insurance is to protect you from the unexpected crisis.

The basic purpose of insurance is protecting your most important assets be it your home, Insurance Policies shop, life or health.

The purpose of this insurance is to protect lenders in the event that you default on your mortgage loan.

The government has not historically gone into private insurance contracts — the purpose of insurance is to mitigate risk.

For the purpose of this insurance cover «the duration of the event» is defined as meaning from the start of a race until the end of a race and does not include the use of the vehicle between stages.

In determining how much life insurance you need, first ask yourself, «What is the purpose of the insurance?»

The purpose of insurance is to be a backstop against major financial loss in the case of an unexpected event — death.

The purpose of insurance is to return you to the financial condition you were in before the loss happened.

Jeff Hull, a senior financial adviser at Manulife Securities, said it is important to understand the purpose of the insurance.

Maine is a «fault» state for purposes of insurance.

In its essence, the purpose of insurance is to ad - measure the risks of a potential loss from the insured party.

What we are doing is looking at what lawyers who are obliged to conduct self - assessments do, whether it's a self - assessment done for the purposes of insurance or under the requirements of another jurisdiction, such as Australia or Nova Scotia.

The purpose of insurance is to spread risk among many policy - holders, but only a small percentage of the population live in flood risk areas.

The purpose of these insurance policies is to cover the cost of any damages you suffer when property is destroyed or damaged.

Unlike the Advocate General, the Court did not centre its analysis on the question of «comparability», that is, whether men and women are in comparable situations for the purposes of insurance, although they affirmed — without any independent investigation or analysis — that they were indeed suitable comparators.

Yet, while the purpose of insurance is to protect you the goal of the insurance companies is to minimize the amount of money that they pay out in insurance settlements.

The purpose of the insurance industry — and the legal system — is to make people in your position whole again.