Sentences with phrase «risk for insurers»

By opting for a higher deductible, you reduce risk for insurers and thus qualify for lower premiums.

Thus, older people will pay higher rates than younger people because they are a higher risk for the insurer.

These policies are generally purchased by people considered a poor risk for insurers, those who can not qualify for a more traditional policy.

And, if that individual has certain health related issues, it could mean additional risk for the insurer.

Lower risk for the insurer typically translates into lower insurance premiums for you.

So if there is a dramatic increase in traffic or accidents in your ZIP code, that may lead to a massive number of claims — which means more risk for your insurer.

Different pets in different parts of the country represent different risks for an insurer.

By opting for a higher deductible, you reduce risk for insurers and thus qualify for lower premiums.

Drivers between the ages of 16 and 23 represent the highest risk for insurers.

A poor driving record also reflects a poor risk for the insurer, meaning more claims.

The more evidence that shows you to be a lower risk for insurers, the more likely you'll be given a discount.

Preferred Plus means — you guessed it — that your application represents a highly - preferred category of risk for the insurer; while a Standard risk class means that your application is considered a standard acceptable risk.

- It's not God's fault that Christians are a lesser health / safety risk for insurers.

With plains in the north, the Ozarks in the south, varied geography and weather present many risks for insurers.

Automated vehicles could be a significant risk for insurers, but not in the traditional sense Automated driving could place the auto insurance industry at risk, at least to some degree.

The first step is usually conducted by an actuary, who is a professional who specializes in analyzing and managing risk for insurers, this will be an assessment of the general risks covered by the policy in respect of the general risks facing groups of people with similar characteristics to the policy holder.

Smoking automatically creates a much higher risk for insurers who «reward» this habit with higher premiums.

The number of valuable items or contents you want to get it insured will attract higher premiums as the the sum at risk for the insurer will increase, and the insurer will cover the higher risk at an elevated premium amount.

Think about it: Empty homes are huge liability risks for insurers.

However this is for low value items only, high value items which are easy to transport represent a much higher level of risk for your insurer and these items vary from household to household, making it impossible for insurers to determine the precise level of risk involved for any particular policy owner or purchaser.

Since pets introduce additional risk for the insurers, they generally require you to purchase a pet rider, a special type of add - on policy that covers you for pet - related damages and liabilities.

The company also outlined several plans for new payment models that Marrazzo says aim to ensure access for patients, recognize the value of the product for Spark, and remove extra cost and risk for insurers and hospitals.

If you've got a new car with all the corresponding safety devices like airbags, safety brakes, theft alarms, etc., you'll be able to obtain a noteworthy discount on your insurance premium too as all these safety measures reduce the risk for the insurer.

Whether the premiums are to pay for health, car or life insurance, it must be priced to the risk for insurers to remain profitable.

While age and health conditions raise the risk for insurers, there are many companies PolicyZip works with whose customer service is very friendly to seniors.

Typically, the longer and more successful the company's overall record, the better the risk for the insurer — and the lower the premiums

Nominating unrelated parties, i.e. those without an insurable interest in the insured's life increases the risk for the insurer.

There are indeed people who are too high of a risk for insurers to cover at an affordable price point.

Decreasing the value reduces the risk for the insurer, but increasing the face value increases the risk and you will need to show medically that your health has not changed dramatically since the policy was first issued.

The primary use case for converting a term life policy into permanent coverage is when someone is uninsurable, meaning they have a severe health issue that is too high of a risk for insurers to take on.

As you age, your «health risk» increases, which increases the risk for the insurers.

Providing insurance to a small family group balances the risks for insurers, and reducing risk always equates to lower premiums.

An actuary is a professional who works for an insurance company and who is primarily responsible for analyzing the financial risk and consequences of the risk for the insurer.