If his/her policy does not provide full coverage or falls short (the damages are more than the limit of coverage) then the secondary policy (your policy) will cover the excess. If he/she does not have insurance on that vehicle, then your policy will become primary (secondary to nothing)....
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook ALE (redirected fromAdditional Living Expense) AcronymDefinition ALEAutomatic Link Establishment ALEApplication Link Enabling ALEAdult Learning and Education ALEApplicable Large Employer(US IRS) ...
Market value or cost Merchandise Market value or cost Nonvaluable (matter without intrinsic value such as letters, files, records) No value or replacement cost if postal insurance coverage desired1 1. A mailer who does not know replacement costs should contact a person or firm familiar with such...
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The credit cost ratio (annualized) was 0.44%, down by 0.08 percentage points over the same period of last year. The provision coverage for impaired loans increased from 58.39% at the end of last year to 63.46%, and if taking the total RMB4.428 billion of 5 Bank of Communications Co., ...
Below are some additional insurance and service options that you can select to allow for additional coverage that your insurance company might not provide. Vacation Protection Plan (VPP) VPP protects you from the most common mishaps: tire or windshield damage. VPP will pay 100% of the repair or...
the case of huge losses caused by property damage or catastrophes. With the coinsurance clause in place, businesses who would like to save money and avoid further expenses by going for lesser insurance would be encouraged to insure the property at the value of its replacement cost or near it....
the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b)...
Loss Of Use Cover When the vehicle insured is the subject of an insurance claim, the policy holder can request a replacement vehicle for up to 14 days. Personal Accident Benefit All policy holders with Comprehensive insurance benefit from medical coverage up to $10,000 for both the policy hold...
Rental Reimbursement Coverage This helpful add-on will cover thecost ofa car rental should you need one while your insured vehicle is getting repaired. If you live in an area with reliable public transportation, you may not need this add-on. However, if you live in an area where public tra...