Sentences with phrase «types of parties insured»

Not exact matches

Most of these parties are heavily - insured, which includes a vast array of legal resources at their fingertips when they are faced with any type of civil action.

However, it clear that prior to drafting a particular CGL policy, an insurer should be fully cognizant of who the intended insured party is and what sort of potential claims they might face, before determining which type of policy should be drafted.

[54] Given the intention of parties to this type of insurance coverage, which is to compensate the insured person injured as a result of an incident involving an unidentified automobile, it seems unreasonable to enforce a term of the contract that demands physical contact between the insured motor vehicle and the unidentified... [more]

[23] The Commission also recommended that «an insurance institution * * * notify (an applicant or principal insured) as to: * * * the types of parties to whom and circumstances under which information about the individual may be disclosed without his authorization, and the types of information that may be disclosed; [and] * * * the procedures whereby the individual may correct, amend, delete, or dispute any resulting record about himself.»

[54] Given the intention of parties to this type of insurance coverage, which is to compensate the insured person injured as a result of an incident involving an unidentified automobile, it seems unreasonable to enforce a term of the contract that demands physical contact between the insured motor vehicle and the unidentified automobile, notwithstanding the existence of physical evidence corroborating the fact that the relevant incident occurred as a result of the insured's defensive driving action directed at avoiding physical contact with another vehicle.

The price of the auto collision insurance is also influenced by a long list of factors including the insured party's driving record, type and age of the vehicle, and where they live and keep the vehicle.

From the other perspective, however, some claims of this type are settled for the policy limits because the aggrieved party knows that the insured has no money to pay the remainder of the claim, and they'd rather take what they can get.

Remember that a good third - party travel insurance plan, such as those offered by Travel Insured, reimburses a family's covered claim with a cash refund, not a vacation credit or a deadline rebooking offered by waivers and other types of limited trip insurance.

Return of premium (ROP) is a type of life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's term, or includes a portion of the premiums paid to the beneficiary upon the death of the insured.

Survivorship life insurance DEFINITION: also known as a Second to Die policy, it is simply a type of joint permanent life insurance that pays out upon the death of both insured parties.

The liability coverage of New India car Insurance Online Plans safeguards the insured from various types of third party liabilities such as death, injury and property damage.

Apart from covering third - party liabilities, this type of New India car insurance online plan also keeps the vehicle of the insured financially secured from a wide array of man - made and natural calamities.

Return of premium life insurance is a type of term life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's term.

Third party auto insurance is a type of coverage many of us may not be familiar with, even though all insured drivers have it.

This type of setup favors cost savings for both the insured parties and for the auto insurance carrier.

The insured party is provided with enough money towards replacement same type, model and make of damaged vehicle.

Third party auto insurance is the only type of auto insurance every driver has to carry, so it is the universal insurance all insured drivers have in common.