Sentences with phrase «than the insured policy»

Not exact matches

«What we thought and we had envisioned is the cost of the newly enrolled would end up approaching that of the [employer - insured] group market, but we're seeing in the data we have today it is actually about 20 percent higher than in the group market,» said Alissa Fox, senior vice president for policy and representation at BCBSA, in an interview with Morning Consult.

An indemnity design is typically more advantageous than reimbursement because funds from the policy can be accessed for any need, without receipt, once the insured is certified as qualifying for coverage.

Insuring our sample motorcycle, policy and rider in Huntington cost about 6.6 % higher than elsewhere in the state.

While coverage can vary from policy to policy, most homeowners insurance policies provide coverage for covered family members living at a residential premises other than the primary insured's residence - AKA a college dorm or apartment.

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

The cost of the policy is certain to be higher than the actuarial cost (cost of claim x probability of claim during insured time period) of repair / replacement of a failed system, as the insurer would need to cover sales costs, operating expenses and profit in addition to the direct policy cost of system replacement.

The insured thought they were getting the cheapest policy just to meet their apartment's requirements, and it turned out they were paying more to get less coverage than they would have gotten with one of our policies!

It is important to note that this property is insured at «stated value» rather than replacement cost, and the deductible that applies is typically lower than your policy's regular deductible.

If you have items worth more than the max insured amount, you'll need a completely separate policy.

This option not only allows two individuals to be insured on the same whole life insurance policy, but it also typically has a lower amount of overall premium cost than will purchasing two separate life insurance policies of corresponding value.

Insurance rates more than doubled and some homeowners were forced to purchase policies to insure their homes against wind damage.

A 40 - year - old man in Wilmington might pay $ 1,340 a year to insure his Volkswagen Passat, but he can save more than $ 300 on that premium by adding his wife to the policy.

When your policy runs out, and you want to remain insured, you must buy another policy or pay a new premium that may be higher than your previous payments.

Direct carriers usually have lower age maximums than broker - sold plans, but many direct policies won't insure people over 65.

Additional insured status works differently on commercial policies than it does on personal policies, and whomever is making this ask is used to dealing with commercial policies.

Saving age is commonly used to make the insurance age of the insured at policy issue lower than it actually is in an effort to receive a lower premium.

Key person life insurance policies are taken out by companies on their employees, with death benefits that are paid to the company, rather than to the insured person or to their estate or heirs.

If the policy is renewed, the premium will be at a higher rate because the insured is older than they were when the previous policy was written.

If you are insured through a high - deductible health care policy, you may need to have significantly more than $ 5k saved up.

If the insured dies early in the policy's life, the death benefit paid to beneficiaries will be much lower than would be the case if option A was chosen.

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.

Term life insurance policies are usually more affordable than permanent policies., Term life policies cover the insured for a fixed term (most commonly between five and 30 years).

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.

Sometimes it will work out cheaper to get normal standalone policies for each car, rather than linking them together, eg, one car might be insured with Churchill, the second with Aviva.

The endorsement, also known as a personal article floater, is meant to insure valuable items that often require higher limits than what's included in the typical homeowners policy.

We pay a monthly benefit if the insured is disabled more than six months after the policy's effective date from a sickness or injury caused by cosmetic or transplant surgery.

The definition of «insured» in the policy could refer to more than one person at a time, though.

Farmers Insurance insures more than 10 million customers with over 20 million policies throughout all fifty of the United States.

Anytime the insured knows more than the company, that is not a policy to write.

Because of high building costs, it will cost Johnny $ 600,000 to rebuild, which is more than the sum - insured on his policy.

Yes, you should pre-shop policies, too, because (a) some cars cost more to insure than others, so you'll need to account for that expense and (b) car insurance is required to drive off the lot.

These accelerated benefit riders would give a portion of the death benefit to the policy owner prior to the death of the insured, based on the requirement that the insured was terminally ill with less than 12 months to live.

Now it's true that the death benefit on both is only $ 4 million compared to $ 8 million with the two policies, but as you can see the price is significantly less than even insuring one of them for $ 4 million.

«Many people are under - insured because the total value of their personal property is more than the personal property coverage in their policy,» Bodrozic says.

Survivorship life insurance is almost always cheaper than insuring the same two individuals with individual single policies.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

Guaranteed issue life insurance is sometimes referred to as a «last resort»; because the insurer really has no idea about what they're insuring, guaranteed policies are very expensive and the death benefits are usually less than what you'll get with other insurance types.

When an insured is required to re-qualify for term life insurance at their then - current age, the quote at that time will typically be much higher than it was on the original policy.

(3) Finally, buy an «umbrella policy» to insure against claims — this policy is cheap (often less than $ 10 per month for $ 1 million in coverage).

While you're reviewing your possessions, think about whether you want to insure them for actual cash value (where the policy would pay less money for older items than you paid for them new) or for replacement cost (which would cover to replace the items).

Where a life insured represents more than one policy in the portfolio, the life is categorised according to the total death benefit relating to that life:

A life insurance policy that covers the insured until death rather than a specific number of years.

With more provisions and fewer limitations than any competitive policy, Sun Trip Preserver is designed to insure vacation rentals at coastal, lake and small mountain destinations.

I have become convinced that there is no more noble pursuit we can engage in than to seek to insure that policy is informed by an objective assessment of scientific evidence.

-LSB-...] Commercial general liability policies are generally intended to cover an insured's liability to third parties for property damage other than to the property on which the insured's work is being performed.

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

Starting with the 2014 policy year, where an administrative dismissal is not set aside through steps taken by or under the direction of LawPRO, in regard to a resulting claim, the deductible for that claim will be deemed to apply to claim expenses, indemnity payments and / or repair costs and be $ 10,000 more than the deductible chosen by the insured and / or listed on the declarations page of the policy.

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.

There are few areas of the insurance industry that involve such direct and personal contact with insureds in their time of need than first party claims that arise out of homeowner and commercial property policies.

If the investigation shows the insured was liable for the accident (rather than the uninsured or underinsured motorist), then the insured can not recover under a UM or UIM policy.»