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it means the owner of the policy.
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∙ 15y ago
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What is the definition of third party liability?
third party liability coverage is personal liability coverage that protects the customer from damages they incur due to the wrongful acts of others when the liable person is uninsured or underinsured. The coverage is designed to cover bodily injury, property damage and personal injury resulting from occurrences not involving an auto in which a liable third party is at fault, but is uninsured or underinsured. For example, this would cover a policyholder if a dog attacks his child and the dog owner is not insured or is underinsured, or if a policyholder is injured at a party on a deck that collapses and the homeowner is not insured or is underinsured.
What is the definition of a ruling party?
I don'no
What is the definition of theatrical parasitism?
The definition of theatrical parasitism is an acted relationship between two parties. In such a relationship, only one party benefits at the expense of the other.
What is the definition for invite?
Invite- to welcome somebody onto your property like if you have a diner party or a birthday.
What is the definition of heartily?
She laughed full heartily at the party. There, there is a good sentence
Who is third party in insurance?
third party is a party except insured or insurer, who may be subjected to a loss involved with the insured
Why is an insurance contract a unilateral contract?
a unilateral contract is one in which one party 's promise is exchanged with other party's act. insurance contract is unilateral because one party ie the insured pays premium regularly and the insured ie the other party promises to compensate for any loss caused to the insured. here the act of paying premium by insured is exchanged with the promise of insurer.
Who pays medical bills when third party involved i was working when third party struck me from behine. now third party won't pay?
If you are insured, YOUR insurance company should pay you - and they will take action (called 'subrogation') against the company that insured the driver that was the cause of the accident. If they were un-insured, you will have to apply to your state's un-insured motorist program for re-imbursement, and/or sue the responsible party.
What is the difference between comprehensive and third party insurance?
Comprehensive coverage is covers the interests of the named insured. A third party insurance policy will not cover you. It only covers the interests of that named third party insured.
Who is the check made out to in an accident?
depends......first party claims, either to insured and shop...just the shop......insured and lien holder, or insured only if no lien holder is present..........second party claims....can be to the owner only (generally) if requested.......
If an insured motorist hits an uninsured vehicle and the insured motorist claims it is their fault who will pay for the uninsured vehicle?
regardless of whom is insured or not, the 'negligent' or liable party is responsible for the damage or 'to make whole' the injured (this means damage to vehicle as well) party........ i think the insured should pay since it was there fault
Who is Athens Administrators?
its a third party administrator for self insured companies
Will a homeowners' policy cover an accident off the insured property caused by a noninsured person?
liability coverage is only for persons that meet the definition of an "insured"
Can you buy a car in Florida and have it titled in your name but tagged and insured by someone else?
You can have it insured in your name, You can have it titled in your name as lienholder and have it registered to another party
Explain the set off provisions of Va under insurance?
The way that it works is you take all of the available coverage for the loss and arrive at the total available coverage for the loss. The liable car pays it coverage up to the avaiable limit The car of the injured party gets a set off of the amount of the liable car if the liable car's policy is less than that of the injured insured party Then the policy of the car under which the injured isured party is an insured by definition pays it full coverage.
What is the definition of third party liability?
third party liability coverage is personal liability coverage that protects the customer from damages they incur due to the wrongful acts of others when the liable person is uninsured or underinsured. The coverage is designed to cover bodily injury, property damage and personal injury resulting from occurrences not involving an auto in which a liable third party is at fault, but is uninsured or underinsured. For example, this would cover a policyholder if a dog attacks his child and the dog owner is not insured or is underinsured, or if a policyholder is injured at a party on a deck that collapses and the homeowner is not insured or is underinsured.
What are the two major sections of the CMS-1500 form?
insured/third party payer
