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Clause implies the terms and conditions of the particular policy by which the same is governed and both parties should abide by the said clauses for smooth transition of the policy.
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What is transit clause in marine insurance?
transit clause marine insurance
What is incontestability clause in life insurance policies?
You can find this by looking at the "Incontestable Clause" in your life insurance policy. The "Incontestable Clause" states that after the life insurance policy is in force for two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy.
What is rsd insurance clause?
rsd means
Is 72 hour clause in engineering insurance policy advantage or disadvantage?
The 72-hour clause in an engineering insurance policy is an advantage to the homeowner and not a disadvantage.
Does increased cost of construction insurance clause affect the co-insurance clause of the policy?
NO, Increased Cost of Construction is exactly as stated, also known as "Replacement Cost". It does not affect the Coinsurance clause of your insuring contract
Is there a suicide clause on a group life insurance policy?
no
What is the uninsured motorist clause about in the US?
The clause in a policy of insurance on a motorcycle, provides that if the owner of the motorcycle is injured by a negligent driver of another vehicle who doesn't have liability or insurance, then the insurance company will pay its insured's damages.
Can home insurance override grandfathers clause?
Yes, When it comes to underwriting guidelines and acceptability of the risk. A grandfather clause does not circumvent your Insurance companies underwriting guidelines or eligibility requirements.
What is the Illinois life insurance incontestability clause?
2 years.
What is the Inchmaree Clause?
The Inchmaree clause is a coverage in marine insurance that protects the vessel's owner from property damaged or destroyed by the crew's negligence.
What does an idemnity clause mean in health insurance?
An idemnity clause in health insurance means that a sum is paid by a party to another party by way of compensation for a particular loss suffered by the party receiving payment.
What is deductible buy down insurance?
A standard insurance policy provides for deductibles (or excess) clause, i.e., a claim is settled by the insurer only in excess of the limits specified under this clause. The insured can buy supplemental insurance to cover a part or full of this "deductible" amount. This supplemental insurance is called deductible buy down insurance.
