Sentences with phrase «than the insured named»

A person, group, or organization other than the insured named in the policy that will be covered under that policy.

Not exact matches

This is why roommates should often have their own policy, rather than adding them as an additional named insured.

Have you ever wondered who is covered by renters insurance, other than you as the named insured?

For what it's worth, adding an additional named insured is not always the best way to go in situations other than spouses.

An apartment with a renting tenant may need his or her own renters insurance policy if the entrance to the living quarters is different than the one to the main house, or if the renter is not related to the named insured.

That means that physical loss or damage to the insured item is paid unless it's otherwise excluded from the policy, rather than the named perils of a standard HO - 4 renters insurance policy.

Our insurance company client adjusted a burglary loss of roughly $ 1.3 million and wired the proceeds directly to the insured rather than to the bank named as a loss...

Because the first named insured is going to be the firm, but then, gee if you have 20 lawyers in a firm, the likelihood that you're gonna have more than just a couple claims in the year, that's obviously much greater than a smaller firm.

(5.2) If there is more than one insurer against which a person may claim benefits under subsection (5) and the person was, at the time of the incident, an occupant of an automobile in respect of which the person is the named insured or the spouse or a dependant of the named insured, the person shall claim statutory accident benefits against the insurer of the automobile in which the person was an occupant.

Sample # 2: Notwithstanding anything else contained within this Policy, in the event that the proceeds of the Insured Mortgage are paid to any person or entity other than: i) to the registered title holder or holders, as the case may be; ii) holder (s) of prior registered encumbrances (s); iii) an execution or judgment creditor (s); iv) to a non-registered covenantor that is a spouse, child or parent of the registered title holder or holders; v) to credit card companies for credit cards in the name of the registered title holder or holders or in the name of non-registered covenantor (s) that are the spouse, child or parent of the registered title holder or holders; then the Company can deny coverage and shall have no liability to the Insured for any matters that involve the allegation of mortgage / title fraud, including challenges to the validity and enforceability of the Insured Mortgage.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

It is recommended that you name the beneficiary, any person other than policy holders, insured persons or any traveling companions.

State Farm is very much a household name insuring more automobiles and houses than all the other carriers in the United States.

FR Bonds do not insure vehicles, which means if a driver other than the one named on the bond causes an accident, that driver is not protected.

This means that if the insured passes away within the first two or three years that the policy is in force, the named beneficiary will only receive a portion of the death benefit rather than the entire stated amount.

The limits of such uninsured motorist bodily injury coverage shall be equal to the highest limits of bodily injury liability coverage for any one vehicle insured under the policy; provided, however, that (i) the limits shall not exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident regardless of whether the highest limits of bodily injury liability coverage for any one vehicle insured under the policy exceed those limits and (ii) a named insured may purchase greater or lesser limits, except that the limits shall not be less than the bodily injury liability limits required pursuant to subdivision (2) of this subsection, and in no event shall an insurer be required by this subdivision to sell uninsured motorist bodily injury coverage at limits that exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident.

An apartment with a renting tenant may need his or her own renters insurance policy if the entrance to the living quarters is different than the one to the main house, or if the renter is not related to the named insured.

In this case, you might want to buy your son his own car (a used economy model, of course) and insure it in his name, rather than add him to your own policy.

Life insurance for estate taxes can be set up to not become part of the estate by naming someone other than the insured as the owner.

When one has children and names a secondary life insurance beneficiary other than their child, that secondary party is the person whom the insured trusts to make sure the money is used to help the child rather than for the beneficiary's own personal gain.

Whole life policies offer a choice of having a level benefit (where the policy pays out the face amount and any rider benefits to a named beneficiary upon the insured's death), or a graded benefit (where the policy will pay out a reduced amount of benefit if the insured's death occurs for reasons other than an accident within the first two policy years).

Founded in 1936 under the name Government Employees Insurance Company, GEICO now insures more than 22 million vehicles and continues to provide affordable insurance to men and women in and out of the service.

«Life and disability insurance analyst» means a person who, for a fee or compensation of any kind, paid by or derived from any person or source other than an insurer, advises, purports to advise, or offers to advise any person insured under, named as beneficiary of, or having any interest in, a life or disability insurance contract, in any manner concerning that contract or his or her rights in respect thereto.

The first named insured is the person or entity listed first in the declarations, if the policy includes more than one named insured.

But the Definitions section of the standard HO - 4 Virginia Renters Insurance policy generally defines the named insured much more broadly than that.

It specifies who is insured, the policy owner (may be different than the insured), what amount is insured, the type of life insurance (term life, whole life, universal life or variable life), the premium, the policy number, and it shows the name and address of the insurance company.

Liability policies often assign specific duties to the first named insured, meaning the entity listed first in the declarations (if the policy includes more than one named insured).

This is why roommates should often have their own policy, rather than adding them as an additional named insured.

Have you ever wondered who is covered by renters insurance, other than you as the named insured?

That means that physical loss or damage to the insured item is paid unless it's otherwise excluded from the policy, rather than the named perils of a standard HO - 4 renters insurance policy.

Coverage for persons other than the named insured and his or her family members is typically restricted to circumstances occurring while they are occupants of the insured auto.