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What does cross-liability interest clauses in insurance contract mean?
Wiki User
∙ 15y ago
This is when two parties in a contract cannot sue each other over the same event. They indemnify each other.
Wiki User
∙ 15y ago
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What does cross liability interest clauses in insurance contract mean?
This is when two parties in a contract cannot sue each other over the same event. They indemnify each other.
What are clauses in the insurance contract that specify the losses that are not covered by the insurance?
There are 2 categories of these: exclusions and exceptions.
Is a contract valid after termination of that contract?
No, but the exclusion clauses under it may still be
Is there someone you can call to report your auto insurance company for making you pay what they called betterment charges outside your collision deductible?
If you disagree with the betterment clauses in your Insurance Contract or think they are not legal you could take the matter to your States department of Insurance or equivalent.
How does cross liability work?
Cross liability works as a severability of interest. These are clauses in commercial insurance contracts which means the policy applies separately to each insured party.
How can they repo your car when you have insurance and have not been late on payments?
what else are you in 'default" of in the contract?? Did the car get impounded?? Is it in possession of a 3rd party? Is it being used in criminal activity? I dont know.. There aare statements on the back of your contract called "acceleration clauses". Insurance is probably one of those items. kayton www.learntorepo.com
Clauses involved in contract documents of between contractor and a client?
no
What is contract liability insurance and indemnity insurance?
In many cases when you enter into a contract, whether it is a contract for work, a lease agreement or any other type of contract, there will be clauses covering insurance and indemnification, which is a fancy word for covering someone else's financial loss. Liability insurance provides money to cover losses to others due to negligence on the part of the insured. In this case, the insurance company is indemnifying the insured. If there is an indemnification clause in the contract then the contractor must indemnify the contractee as specified. This is most usually done by adding the contractee as either an additional insured (in the case of liability insurance) or as a loss payee (in the case of property insurance) to their existing policy. If the person entering the contract does not have insurance or does not have sufficient insurance, then those policies can usually be purchased. However, having the insurance or having the contractee named on your policy does not alleviate the indemnification.
Do term insurance policies have a double indemnity clause?
Some do, some do not, You just need to read your policy language or ask your insurance agent what kind of policy you bought.
I would like to refinance my mortgage. I have a lender who will give me a 5.75 fixed interest rate on a 15 year mortgage. If this mortgage is sold can the interest rate be changed?
If it's truly a fixed-rate mortgage contract, then no, the rate won't change if the mortgage is sold to another lender. Check your contract for any gotcha clauses, though.
Does an employer based out of New York have to charge equally by class of employee for health insurance premiums?
There are a host of variables that come into play with your question. For example, specific employment contract clauses, hire dates, etc. Call your insurance agent. They will be able to give you a detailed response.
Can the seller of a home cancel contract in the state of Nevada after the contract has been signed?
If they can meet the requirements to void a contract. It most there are clauses allowing the contract to be nullified, which may be based on failure to obtain financing.
