Sentences with phrase «risk as a policy holder»
The amount you pay each month, or annually if you prefer, is determined based on your preserved risk as a policy holder.
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The following are just a few of the hundreds, if not thousands of factors that insurance providers use to determine your risk as a policy holder:
Not exact matches
As such the risk is on your shoulders as a policy holdeAs such the risk is on your shoulders as a policy holdeas a policy holder.
As can be seen from our example there are clear boundaries of risk which make it easy for insurance companies to balance risk with the premiums charged to policy holders.
As such it may be possible to intervene prior to an insurance company failing to renew its financial robustness and thus protect policy holders from risk exposure they hadn't planned for.
As the investment risk will be borne completely by the policy holder you need to monitor the policy closely and actively.
They'll collect as much data as possible from credit histories, to information about the age or sex of policy holders, to any other important information that may increase the risk under a policy.
In essence, full coverage would not ask us as policy holders to take on any of the financial risk of driving an automobile as it relates to possible claims situations.
As the policy holder, you would first be assessed for «insurability,» which is a term for the overall risk of insuring an individual based on a number of factors such as age, occupation, lifestyle and overall healtAs the policy holder, you would first be assessed for «insurability,» which is a term for the overall risk of insuring an individual based on a number of factors such as age, occupation, lifestyle and overall healtas age, occupation, lifestyle and overall health.
ULIP is a life insurance product, which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.
The reason that a mutual company is preferred verses a stock company is that the policy holder is a «member» in a mutual company who «participates» in the insurance company's investment gains and skill in selecting risk, as opposed to non-participating whole life insurance coverage from a stock company, where there are no dividends.
The risk of natural disasters such as tornadoes, floods and earthquakes can greatly increase the amount of money that auto insurance companies must pay out to policy holders on an annual basis.
Company is not responsible for the investment risk in this case as policy holder has the control to decide about where he / she want to invest.
As it is a pure death risk plan the nominee gets the sum assured only on the death of the policy holder.
As such the risk is on your shoulders as a policy holdeAs such the risk is on your shoulders as a policy holdeas a policy holder.
The premium amount payable increases with age of policy holders, generally above 45 years of age, as above this age risk factors increase.
As a result, the OH company will likely consider you a high - risk policy holder, and then subsequently increase your premiums.
The insurance provider takes this action as an implication that the policy holder is a high risk driver and therefore premium rate is increased.
The company might regard you as a high risk policy holder, and so your premiums might go up in order to protect the provider.
Unit Linked Fund provides a risk cover for the policy holder and options to invest in various avenues such as stocks, mutual funds, and bonds.
As an auto insurance policy holder, you are always at risk to be the unwitting victim of different types of fraud.
One of the threats auto insurance protects us against as covered policy holders is the risk of theft.
Renters insurance guards us as policy holders from a specific set of risks: the risk of losing our belongings in a fire, the risk of a civil liability judgment, the risk of being burglarized in our apartment.
«Non-standard» auto insurance is the instance in which an insurer classifies someone as a higher risk than other drivers and these drivers pay higher policy premiums for similar benefits to a standard insurance policy holder.
Whenever a policy holder takes a step to make sure that his or her car is safer, such as having an alarm system installed, the insurance company counts this as a reason to believe that they the policy holder is a low risk to the company.