answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What do you mean by 50 50 clause in engineering insurance policy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does NIL mean on an insurance policy?

Nothing


What does ee mean in an insurance policy?

If it is health insurance quote. It means Each Employee


What does effective policy date mean?

The Policy effective date is the date that your insurance coverage started under that policy.


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 does it mean to have a standardized insurance policy?

An insurance policy would be called standardized, when it covers all the salient international features/standards as laid down by the insurance authority of the country.


Can you take out another policy when on mobility for another car?

Presuming you mean Insurance policy, then Yes you can.


What is the cash value in an insurance policy mean?

The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.


What does the Indemnity to Principals Clause mean?

Indemnity to Principals clause means that the cover is extended to the principal in the event that he/she is sued. This is common for most insurance covers.


What does hazard insurance mean in a mortgage?

It's referencing your House insurance. Homeowners insurance is also known as a Home Hazard Insurance Policy.


What do you mean by 72-hour clause in engineering insurance policy?

any loss of or damage to the property described in the schedule arising during any one period of 72 consecutive hours, caused by flood, storm, tempest, water damage, subsidence, collapse or earthquake shall be deemed as a single event and, therefore, to constitute one occurrence with regard to the sum insured and deductible(s)


What do you mean by insurance coverage?

You have insurance coverage if you paid the premium required for that policy. The coverage will pay appropriate types of claims during the period of time of that policy.


What does insurance provision mean?

Insurance provision means the conditionality to be adhered to by both the insured and the insurer,as embedded in an insurance policy bond.