If it's business personal property, such as a work laptop that goes back and forth between home and office with you, there are often
sublimits in the policy for business personal property in your care.
Post hospitalization expenses covered upto the specified
sublimit in the policy contract.
Not exact matches
A
sublimit,
in simple terms, means a monetary cap on a specific type of property.
In addition, that leads to questions about certain classes of property that might have
sublimits.
There's generally a small
sublimit for jewelry loss by theft, but that, too, can be easily increased for a minimal difference
in premium.
A list of
sublimits can be found
in the contents section of your homeowner's policy, says Swegle, the Safeco executive.
Minimum level Innocent Party coverage (
sublimit coverage of $ 250,000 per claim / aggregate) is required for all partners practising
in association, partnership... Read More»
Innocent Party / Partner levy reduced Beginning with the 2018 policy year, the Innocent Party / Partner levy will be reduced by half to $ 125 for the basic $ 250,000 per claim /
in the aggregate
sublimit coverage.
However, the extent of coverage provided under Endorsement No. 5 is subject to a
sublimit (a special limit within, and counting towards, the general limit of liability) of $ 250,000 per claim and
in the aggregate.
Considering the quantum of modern fraud schemes, it is easy to imagine a situation
in which a claim would exceed this
sublimit.
In order to buy - up the sublimit all lawyers in the firm would have to apply for the same level of coverag
In order to buy - up the
sublimit all lawyers
in the firm would have to apply for the same level of coverag
in the firm would have to apply for the same level of coverage.
LAWPRO offers Innocent Party coverage
sublimits of: $ 250,000 per claim /
in the aggregate for an annual premium of $ 250; or $ 500,000 per claim /
in the aggregate for an annual premium of $ 400; or $ 1 million per claim /
in the aggregate for an annual premium of $ 499.
Represented insurer
in negotiation of class settlement regarding challenge to
sublimit provision
in homeowners insurance policies.
Finally,
in 2014 LAWPRO introduced a
sublimit of coverage for losses related to cybercrime, recognizing that prevention of these losses is more closely dependent on the appropriate use of information technology, and not on the application of legal skill.
In addition, the cyber coverage under the LAWPRO policy is subject to eligibility criteria and a modest
sublimit.
LawPro, the Lawyers» Professional Indemnity Company (LAWPRO) has announced that they will be providing a $ 250,000
sublimit coverage for eligible cybercrime losses
in the 2014 policy year.
We reviewed the issue of cyber risk
in 2013, and have introduced a $ 250,000
sublimit of coverage for eligible cybercrime claims
in our 2014 policy.
Coverage
sublimits: $ 250,000 per claim /
in the aggregate, applicable to claim expenses, indemnity payments and / or costs of repairs together.
LawPRO strongly recommends that lawyers increase their optional coverage protection to the maximum
sublimit offered, to provide comprehensive coverage and reduce the likelihood of gaps
in coverage.
This
sublimit (or cap) of coverage provides a modest «safety net» for lawyers
in the area of cybercrime exposure.
The following identity fraud expenses are subject to the following
sublimits within, and not
in addition to, the expense reimbursement coverage limit.
In addition, you can get coverage for jewelry, fine arts, and other classes of property which may be
sublimited on the base policy form.
In addition, that leads to questions about certain classes of property that might have
sublimits.
While some classes of property like jewelry have
sublimits for loss by theft, it's different
in a fire scenario.