plural additional insureds : a person other than the one in whose name a policy is issued but who is also protected by that policy Word History First Known Use 1922, in the meaning defined above Time Traveler The first known use of additional insured was in 1922 See more words from ...
“to make sure, certain, or safe” and one sense ofinsure, “to make certain especially by taking necessary measures and precautions,” is quite similar. Butinsurehas the additional meaning “to provide or obtain insurance on or for,” which is not shared byensure. Some usage guides ...
ex‧cess2/ˈekses/●●○adjective[only before noun]1additionaland not needed because there is already enough of somethingCut any excess fat from the meat.2→excess baggage/luggage Examples from the Corpus excess•If thediscountexceeds20percent, theexcessamount of the discount allowed isconside...
What is the difference between insured and assured? Insure can mean two things: 1. To make something certain by doing all the necessary actions. 2. To pay the insurance company to keep individuals and their belongings safe. On the other hand, assure means to tell someone that something will...
Additional living expense insurance can cover things like the increase in a monthly food bill due to having to eat out at restaurants or even the loss of income that might be incurred if the insured person has been renting out part of their dwelling to a tenant. Essentially, the insurance ...
A moral hazard occurs when one party in a transaction has the opportunity to assume additionalrisksthat negatively affect the other party. The decision is based not on what is considered right but on what provides the highest level of benefit, hence the reference to morality. This can apply to...
The breach of a right is important even without economic consequences (common in constitutional law cases). The plaintiff seeks to maintain a record of being legally right, sometimes as a stepping-stone to additional relief like punitive damages. Courts typically only grant nominal damages when the...
Therefore, copays are necessary for most health insurance plans, even though they may be an additional cost for individuals. Hence, some health insurance policies make a copay mandatory, but not all providers do that! Also, some insurance providers allow changing the percentage of copayment. ...
For example, expensive cars would carry a higher compulsory excess than a cheaper model car; and drivers below the age of 30 are usually required to pay an additional excess amount. Drivers under the age of 30 are usually required to pay a higher compulsory excess amount. ...
person can make without incurring a penalty. For those who are deterred by the lack of liquidity in traditional CDs, this can be a viable alternative. By law, the investor must wait a minimum of seven days before making the first withdrawal, but some banks impose an additional waiting ...