Unbeknownst to them, is the fact that
standard insurance clauses exclude a lot of common scenarios, impose significant obligations on landlords and tenants and can cause financial hardship.
Not exact matches
Contracts /
Insurance: Interpretation; Exclusion / Exception
Clauses;
Standard of Review Ledcor Construction Ltd. v. Northbridge Indemnity
Insurance Co., 2016 SCC 37 (36452)
Suicide
Clause A
standard policy provision in most states stating that, if the insured dies by suicide within a specified period of time (generally two years), the
insurance company's liability will be limited to a return of premiums paid.
The proceeds of all property
insurance policies must be payable to Lender under a
standard mortgagee
clause.
The
standard subrogation
clause in a travel
insurance policy certificate looks something like this:
When answering a request for a quote from a person wishing to purchase renters
insurance, an agent will explain the different
clauses within a
standard renters policy, and provide information about useful riders that could provide coverage against other perils not covered within the basic policy, but which might be good to have because of the area in which the rented home is located.
I had onlyknown that
Standard life
insurance and long - term care
insurance mayhave nonforfeiture
clauses.
Those are the
standard two year
clauses in all
insurance policies known as the suicide and incontestability
clauses.
With the competition board opening things up, there is more unprofessionalism than ever, where you have to deal directly with a seller when presenting an offer where they don't know the difference from a
standard conditonal
clause to a WETT certificate for
insurance.