Search results
Results from the WOW.Com Content Network
Additional insureds usually reflect a business relationship between the policyholder and additional covered party. These types of arrangements most commonly appear on liability and commercial auto ...
The usual reasons for including other parties as additional insureds is due to the close relationship or legal requirements between the original named insured and the additional insured. In most cases it is beneficial for a party to be covered as an additional insured on the policies of other parties because this will reduce the loss history of ...
A policyholder (or policy holder) is the person who owns the insurance policy. Policyholders affect how much the car insurance costs and, in most cases, the policyholder is the only person who can ...
A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.
The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. [ 2 ] : 10 In some cases, however, supplementary writings such as letters sent after the final agreement can make the insurance policy a non-integrated contract.
For premium support please call: 800-290-4726 more ways to reach us
A bank it could be said has an insurable interest in the lives of its members who hold a deposit or have taken a loan. The master policy holder also ensures each member gets a certificate of coverage stating the details of the premium paid, cover available, term of the cover and the claims process.
Because the biggest difference between share certificates and CDs is the institutions at which they’re offered, the decision to open one or the other largely depends on whether you prefer to ...