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The word "adjustment" when used in the context of insurance means:
The monetary amount an insurance "adjuster" has determined is the appropriate payment to be made to an insured person for a claim that is covered under the insurance policy.
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∙ 14y ago
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What does the term company mean?
what does the term company mean in insurance
What does the term title insurance mean?
The term title insurance means insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage. Most title insurance is lender's title insurance.
What does 'mid-term adjustment' mean in insurance terminology?
When you have a policy in place and you have a need to make a change in the policy before the designated time period for making changes, the change or adjustment to the information or terms related to the policy would be made as a "mid-term adjustment". It may or may not make a difference in the amount of the premiums, etc., and some changes can not be made mid-term by the terms of the policy.Using a property/casualty policy that insures a motorized vehicle, as an example, some insurance companies might allow you to make some of the following changes as a mid-term adjustment:Sale of the vehiclePurchase of a replacement vehicleAdding vehicle(s) to the policyAdding coverage for family member(s)You want to extend the cover from leisure use to leisure and competition useChange of Address of the vehicleChange the renewal dateExtend or increase policy coverage termsChange of the renewal dateOther changes that impact the risk to the insurer
Which type of term insurance is often called mortgage insurance?
term plus
Is life insurance preminums more than cash value insurance?
Google the types of life insurance first. You need to learn a little about life insurance. The terms you are using and spelling are weird. Most people use cash value insurance to describe a type of life insurance.I do not really understand what you mean but, from my experience, I can only guess that by life insurance you mean term life insurance. If that is the case, then, in most situations, term life insurance has lower premiums than cash value life insurance (whole life, universal life...). Be well! mcdlife.com
What does the term company mean?
what does the term company mean in insurance
What does the statement, "insurance life no physical term" mean?
It would mean you could get term life insurance with no medical exam. Term life insurance only protects you till a certain age.
What does ALAE mean on a Professional Liability Insurance Loss Run?
Allocated Loss Adjustment Expense
What does adjustment mean in terms of Law?
The term adjustment can be used in various different contexts. In a law context, the word adjustment means to settle or bring a case to a satisfactory point.
What is the term unadmitted insurance company mean?
Admitted insurance is an insurance company that has been approved by a state's insurance department. Admitted insurance varies by state.
What does the term title insurance mean?
The term title insurance means insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage. Most title insurance is lender's title insurance.
What does the insurance class code 63010 mean?
llong term rental ?
What does gtl mean on a paycheck?
Group Term Life (life insurance)
What does GTL mean on a check stub?
Group Term Life (insurance) It's your accidental death and dismemberment insurance.
What do you mean by the term life insurance?
Term life insurance is a form of temporary life insurance that provides coverage for a specific number of years. Term life insurance is available for 1-40 years, depending on your health and age. Term life insurance is usually purchased for 1, 15, 20 or 30 years. Term life insurance builds no cash value within the policy. Term life insurance is "Pure Protection". You pay only for the life insurance. If you outlive your policy term, the coverage expires. Level term life insurance is the most common form of term life insurance. Level term offers premiums and coverage amount that remain the same each year for the entire term of your policy.
What is the Luhya word for adjustment?
The African Luhya word for the English term 'adjustment' is "chenjia".
How do catastrophes affect short-term insurance?
Not sure I understand what you mean by short-term with regard to cats? please expand your question. does climate change affect insurance
