Travelex Specific Statement: First, travelers currently in Mexico who have fallen ill would be covered under the trip interruption, medical expense and evacuation benefits of your
plan up to the limits of the policy and subject to its general terms and conditions.
Actual cash value only
pays up to the limit of the policy which can be below the current market price for the materials and labor needed to actually restore the home to the same condition as it was in before the damage occurred.
The party injured due to the negligence of an insured motorist is entitled to compensation for medical expenses, hospital costs, loss of income, lost earning capacity and pain and
suffering up to the limits of his policy.
In the event of a covered loss, the insurance company pays for the financial losses the business
incurs up to the limit of the policy after the deductible amount is paid by the business filing a claim.
If you experience a loss from a fire or theft or some other covered event in your apartment or condo, your insurance plan will pay out for your
loss up to the limit of the policy, less deductible.
Actual Cash Value — pays to replace your possessions minus a deduction for depreciation up to the limit of your policy
In a renters insurance policy, the deductible is the amount of money the policy holder agrees to pay out of pocket toward any covered loss before the insurance provider pays the
excess up to the limits of the policy.
USA Assist Specific Statement: Those actually affected: First, customers currently in Mexico who have fallen ill would be covered under the trip interruption, medical expense and evacuation benefits of your
plan up to the limits of the policy and subject to its general terms and conditions.
Most policies written today use Full Replacement Value coverage which will pay for full replacement
costs up to the limits of the policy, but some insurers still write policies for Actual Cash Value, which only pays you a depreciated amount for the losses based on the age and condition of the items involved.
If you cause a car accident that causes harm to others, the car insurance company that you use will only
pay up to the limits of your policy, and all other expenses will be taken from your own assets.
Third party liability is the agreement between the insurance company and the insured that the provider will take care of liability costs stemming from at fault
accidents up to the limits of the policy, less deductible.
It also will pay for court costs as well as any awards you're ordered to pay in court,
up to the limit of the policy.