Typically, they will define a per claim limit as the most that they will
pay for all claims arising out of the same act, error, or omission.
Claims made insurance
pays for claims made during the policy period, more or less without regard to when the act occurred.
There are two ways of looking at losses: by the average number of claims filed per 100 policies (frequency) and by the average
amount paid for each claim (severity).
First, if you cause bodily injury or property damage to someone else, the
policy pays for that claim as well as defense costs associated with a claim it would pay if proven.
However, comprehensive insurance is an optional addition to your policy, and liability and collision coverage alone will
not pay for claims from tornado damage.
A big chunk of float must be kept liquid to
pay for claims on its insurance business.
First, if you cause bodily injury or property damage to someone else, the policy
pays for that claim as well as defense costs associated with a claim it would pay if proven.
Helps pay for any claims resulting from an employee's accident while driving a company vehicle, or their own vehicle while on company time.
The
insurer pays for the claim when you're responsible for an accident wherein a third person gets injured or your vehicle damages another person's property.
The coverage could
pay for a claim like that, as well as for the costs associated with defending against that claim and / or settling it.
We'll discuss no win no fee and other ways to
pay for your claim in your first free consultation with one of our experts.
If a company does not have the kind of financial stability that you need, they may have a difficult
time paying for claims should you ever need to use your policy.
Liability
coverage pays for claims that your negligence resulted in bodily injury or property damage to someone else, as well as the defense against those claims.
If a person could not afford to insure their vehicle, they probably will never be able to
pay for a claim for someone else.
The insurer will
only pay for claims that have been made for the car registered under the policy holder's name.
Commercial property insurance will protect you
by paying for claims if your business space is damaged.
Understanding medical necessity and how to document it is an important part of medical billing, because it is why an insurance company
actually pays for a claim.
That includes dates, loss types, and the
amount paid for claims, as well as policy and claim numbers and the names of the insurance companies that paid them.
This type of insurance
pays for claims made against you when someone is hurt while on your property.
The company that
paid for the claim on the building discusses the loss with your renters insurance company.
You'd have to pay to defend against the suit, and you'd also have to
pay for the claim if it was proven.
The coverage could
pay for a claim like that, as well as for the costs associated with defending against that claim and / or settling it.
In addition to defending you against the myriad claims arising from an apartment fire, your Connecticut renters insurance will
also pay for the claim.
You've reached your lifetime maximum limit with your insurance provider, so they can no longer pay for your claims
You may also be able to
pay for your claim with Legal Expenses Insurance included with your home or travel insurance.
If your car insurance company successfully recovers the
money paid for your claim, they may reimburse you for your deductible.
The «dec» page also includes a description of the insurance coverage provided and gives the maximum dollar limit the insurer will
pay for a claim under each coverage.
Waiting to obtain health insurance coverage until one needs coverage then creates a pool of insureds with «high use,» which then increases the premiums that insurance companies must charge to
pay for the claims incurred.
«We will pay on behalf of the insured loss that the insured becomes legally obligated to
pay for any claim first made during the policy period that arises out of a wrongful act.»