The meaning of INSURANCE is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. How to use insurance in a sentence.
Gregory D. Koblentz, Foreign Affairs, 19 Dec. 2024 There’s also a complimentary insurance policy on every shipment, up to $500 for loss or damage. Bailey Berg, AFAR Media, 17 Dec. 2024 See all Example Sentences for insurance policy Dictionary...
Stop-loss insurance is different from the normal, run-of-the-mill employee benefits insurance. This is because it only covers the employer. Meaning it doesn’t provide any direct coverage to employees or other health plan participants. Why Is Aggregate Stop-Loss Insurance Important? Aggregate st...
That shiny new car should have collision coverage, as totaling it would be a giant loss. But if you drive an old beater, it might be time to cancel the collision part of your policy and just pay for the part that covers injuries and damage you may cause other cars and their drivers....
insurance protecting an automobile owner against loss or damage to the automobile resulting from a collision or other accident. Discover More Example Sentences Many credit cards offer rental-car collision insurance, but double-check if your card covers car-sharing. ...
Case reserve –Known also as outstanding loss reserves, case reserves are recorded estimates of outstanding unpaid liabilities associated with specific reported claims. Case reserves may pertain to losses, allocated loss adjustment expense (ALAE), or both. Case reserves are established by the cedant; ...
A Transaction Cost View of Title Insurance and its Role in Different Legal Systems Their policies are instead issued on a casualty basis, complementing and enforcing the professional liability of conveyancers. Future development in markets ...
Insurance Coverage: Defining Physical Loss or Damage; Testing Assumptions About What Trigg... February 1, 2022 • CLE • CLE On-Demand This CLE webinar will discuss whether "physical loss or damage" sufficient to trigger prima facie coverage under a property or business income policy requires...
Insurers may impose a time limit for reporting claims for debris removal, such as within 180 days after the date of loss. The expenses likely only need be reported, not incurred, within that time. A contractor’s estimate should satisfy this requirement, and it is important to get the full...
contract, the insurance firm must conduct a holistic review of the contract to ensure that no uncertainties in meaning of the language used occur. When the meaning of a contract language is uncertain, it is due to any of these four major reasons; ambiguity, vagueness, absurdity, and obscurity...