Search results
Results from the WOW.Com Content Network
A named insured, or driver, is usually the main policyholder. They pay the premiums and have full control over the policy. Listed driver. A listed driver is someone who lives in your household and ...
For instance, in vehicle insurance a typical Personal Auto Policy with additional insured provisions will cover not only the original named insured that purchased the auto policy, but will also cover additional persons while they are driving the auto with permission of the named insured. This is a simple type of blanket additional insurance ...
The insurance policy is a legal contract between the insurance carrier (insurance company) and the named insured(s). It is a contract of indemnity and will put the ...
From an insured's standpoint, the result is usually the same: the insurer pays the loss and claims expenses. If the Insured has a "reimbursement" policy, the insured can be required to pay for a loss and then be "reimbursed" by the insurance carrier for the loss and out of pocket costs including, with the permission of the insurer, claim expenses.
The named insured is another way of saying policyholder. Can an auto insurance policy have two policyholders? Yes, an auto insurance policy can have two policyholders.
Declarations - Identifies who is an insured, the insured's address, the insuring company, what risks or property are covered, the policy limits (amount of insurance), any applicable deductibles, the policy number, the policy period, and the premium amount.
The vehicle will need to be insured as a business auto rather than a personal one. If your business is the registered owner of the vehicle, the insurance policy will need to be in the company’s ...
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.