Policyholder sentence example

policyholder
  • This type of insurance policy allows the policyholder options such as choosing higher death benefits without higher premiums based on the policyholder's cash value rate of return and the economic situation at the time.
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  • Disability coverage from State Farm provides a source of income when a policyholder is temporarily or permanently unable to work.
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  • A policyholder who is involved in an accident will not be hit with higher rates following the incident, even if he or she was at fault.
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  • The customer receives a $100 discount off the cost of his or her collision deductible when the policy is issued and a further $100 is taken off the deductible each year that the policyholder remains accident-free, up to a maximum of $500.
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  • Buyers can choose between a plan that offers relatively low rates for a set number of years or one that includes a savings component that can be used by the policyholder in his or her lifetime.
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  • A certain level of coverage is also provided with a standard policy for items like jewelry, but the exact amount depends on where the policyholder lives.
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  • It is used to replace income if the policyholder dies, and Geico recommends that all of its customers have a policy with a value of at least 10 years worth of income.
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  • The medical payments provision, which covers medical bills incurred by the policyholder and the occupants of his or her vehicle following an accident.
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  • Rental Car Reimbursement for when the policyholder's vehicle is being repaired following a claim under the collision or comprehensive portion of the policy.
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  • Pet Injury Coverage pays up to $1,000 when a dog or cat traveling in the policyholder's vehicle is injured or killed in an accident.
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  • A tenant's insurance policy protects the policyholder's belongings.
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  • Return of Premium- Usually set at a higher initial rate, a return of premium policy allows the policyholder to get back his/her money at the term expiration if he/she did not make a withdrawal on the policy.
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  • If the policyholder has higher deductibles.
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  • In addition, products that have a cash value can be cashed in at any time by the policyholder.
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  • Any policyholder can cancel their policy after it has been in effect for 60 days. 21st Century Insurance may cancel after 10 days for non-payment or 45 days for any other reason, such as non-renewal.
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  • If rates for life insurance coverage increase, the policyholder will not be affected until the term expires and a new policy is written unless the original contract specifies that premium costs can change.
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  • The Random House Unabridged Dictionary defines, it as "insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age."
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  • In a recent ad, the design team animated an Esurance policyholder called Paul, who got to meet Erin.
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  • If you're a policyholder or beneficiary, or if you are a provider who services Tricare patients, you may want to consider becoming a registered user.
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  • When a policyholder needs service under the policy, they contact Nationwide by calling a toll-free number (1-800-500-2110).
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  • When the contractor arrives to repair the covered appliance or system, the policyholder pays a trade service fee for the service call.
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  • Once you are a policyholder with Cinergy, you do have the option of switching your coverage to a major medical policy.
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  • A policyholder can call United at 800-585-6586 and ask to receive one in the mail.
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  • There are no coverage benefits provided when the policyholder visits a dentist who is not within the Concordia network.
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  • Medicus takes the position that when an insurance company acts independently without getting the consent of the policyholder, this action indicates a lack of trust on the part of the insurance company.
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  • A portion of the premiums paid by each policyholder go to the ASPCA.
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  • Generally, the policyholder is reimbursed 80 percent of the expenses incurred at any licensed vet in the United States or Canada.
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  • In other words, if you want to have a $0 deductible, and have the insurance company be completely responsible for all claim costs, you will pay more every month than a policyholder who is willing to have a higher deductible.
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  • Insurance representatives are well versed in assisting customers in deciding on the best deductible amount according to the policyholder's individual needs.
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  • Renters insurance is a form of insurance that covers a policyholder's belongings against perils such as fire, theft, wind and vandalism.
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  • For example, instead of opting in to a PPO, which will allow the policyholder to choose a health care provider, some people opt for an HMO policy which costs less but does not allow such flexibility.
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  • This is a special kind of medical insurance that is only for a specific amount of time and usually does not extend past a year or two unless an extension of the policy is requested by the policyholder and approved by the insurance company.
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  • Most of the larger health insurance companies have the capability of creating health insurance policies based on the needs of the policyholder.
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  • If you are a policyholder of RLI Insurance, you can instantly download and print certificates of insurance once your policy is in place.
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  • The danger of getting higher deductibles, however, is that a medical illness or emergency may result in a devastating financial burden as the result of the policyholder's obligation.
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  • This means that the company does not have to balance the policyholder's service needs with the stockholder's need for profits and the return on investment.
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  • A major concern for any policyholder is how claims are handled.
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  • The name of the policyholder needs to be clearly indicated.In a situation where there is a secondary health insurance policy that may provide benefits for the child, this company's information should also be listed on the form.
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  • These claims costs the insurers more money -especially for international travel- and those costs gets passed on to the policyholder.
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  • The third party liability coverage provision provides coverage that pays out if the policyholder's dog is responsible for injuring another person or causing damage to their property.
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  • For some insurance policies, a referral is not required, but the policyholder may be limited by the number of sessions allowed or the practitioner visited.
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  • For example, a policyholder who feels mildly discontent and wants to talk to a therapist will not fall into the same category as one who is incapacitated by chronic anxiety and is unable to work or leave the house.
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  • The disability insurance benefits are paid whether the policyholder has other insurance in place or not.
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  • Unlike benefits payable under a major medical insurance plan which go to the hospital or healthcare provider, Aflac pays out a daily benefit directly to the policyholder.
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  • A cancer or specified illness policy pays out when the policyholder has been diagnosed with one of the disorders specified in the policy language.
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  • Aflac offers a Hospital Confinement Indemnity Plan that pays a benefit when the policyholder is required to stay in a hospital.
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  • The company offers options for basic hospitalization only, as well as options that pay out when the policyholder needs to have outpatient surgery or diagnostic tests.
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  • The hospital confinement coverage doesn't have a deductible, and the policyholder can seek treatment at any hospital of his or her choice.
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  • The company's Hospital Confinement Sick Indemnity Plan pays out when the policyholder is confined to a hospital.
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  • The policy provisions also include a feature where benefits may be paid when the policyholder has fallen ill, had an accident or needs routine medical care.
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  • The plan kicks in when the policyholder is hospitalized, needs surgery or must undergo diagnostic tests.
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  • The benefits are paid directly to the policyholder or to the individual he or she has designated to receive them.
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  • This plan is designed to provide an added level of protection, even if the policyholder also has other medical insurance benefits available.
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  • The plan pays a set cash benefit for the first seven days the policyholder is receiving treatment in the ICU and the level of benefits increases for the following eight days.
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  • The benefit levels increase over time, and the policyholder is not required to pay a deductible.
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  • Aflac gap insurance also includes policy choices that pay out a lump sum benefit when the policyholder is diagnosed with cancer or a specified illness.
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  • The benefit can be used for any purpose that makes sense to the policyholder, from paying for treatment not covered by other health insurance plans to keeping up with everyday expenses.
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  • The lump sum benefit paid may allow the policyholder to keep his or her savings intact while undergoing treatment.
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  • The company may allow the policyholder to renew his or her coverage for one additional term after the initial policy expires.
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  • The cheapest way to go is to buy a policy that will reimburse the policyholder for the current value of the contents.
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  • The deducible is the amount that a policyholder agrees to pay out of pocket before the insurance company will pay out on any claim.
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  • An important consideration for home insurance customers is that as long as the policy is paid for as agreed, it will automatically be renewed for the policyholder's lifetime.
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  • Installing a deadbolt lock to discourage burglars and a smoke detector can also quality a policyholder to a break on the cost of insuring his or her home.
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  • A car insurance broker is someone who is trained to evaluate the type and level of coverage that a prospective policyholder needs.
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  • The broker can also answer any questions the policyholder has regarding his or her coverage once the policy has been issued.
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  • Adults who are in good health may want to find health insurance that provides a good level of protection for major medical expenses where the policyholder pays more of the everyday costs of his or her healthcare personally.
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  • A deductible for an insurance plan is the amount that the policyholder agrees to pay personally before the company will pay out any benefits.
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  • A co-payment, or “copay,” is a set dollar amount that a policyholder pays for health care services.
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  • The amount that a policyholder pays to a doctor or hospital will vary depending on the provider.
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  • It allows the policyholder and the insurance provider to share the cost of paying for health services.
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  • If there is no annual deductible in a private health care plan, the policyholder can expect to be responsible for a higher percentage of the cost for his or her medical services.
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  • The amount of coinsurance that a policyholder pays for a plan with an annual deductible may be in the 20 percent range.
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  • Taking the deductible out of the equation may mean the policyholder is responsible for 40 percent of his or her health care costs when seeing an in-network health care provider.
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  • The policyholder and the insurance company agree from the outset how much the bike is worth and the company writes a policy based on that level of coverage.
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  • A bank, insurance company, or other trustee authorized by the IRS can open the account on the policyholder’s behalf.
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  • The policyholder can choose how long the term will be, and the company agrees to provide coverage for that time.
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  • Once the term expires, the policyholder can choose to renew the coverage for another term.
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  • This may be a more expensive way to get life insurance coverage, but the policyholder reaps the benefit of level premiums for the lifetime of the policy.
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  • These policies pay out a benefit to the policyholder when a covered event occurs.
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  • Critical illness and cancer insurance would pay a cash sum that the policyholder can use for whatever purpose he or she chooses.
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  • It can be used to fund treatments which are not covered under the policyholder's health insurance plan, to pay bills or to fund a trip which would be meaningful to the individual.
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  • Hospital income and hospital intensive care coverage pays out a certain amount for each day the policyholder is in the hospital or confined to the Intensive Care Unit, depending on the policy chosen.
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  • Liability insurance coverage is put in place to protect the policyholder from having to pay claims for damages made by other people who have been injured or suffered a loss.
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  • This type of insurance covers the policyholder and his or her family members living in the household.
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  • Under this type of policy, the insurer extends coverage during the time the policyholder was providing professional services, as well as the applicable statute of limitations.
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  • The statute of limitations sets the time when the wronged person can start an action to recover damages from the E&O policyholder.
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  • Liability insurance protects the policyholder from claims made by others for injuries and other damages.
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  • The cash value of the policy builds as a result of the investment of the insurance premiums paid by the policyholder.
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  • Roadside Assistance covers the cost of towing the vehicle to a repair facility, as well as a set amount of labor cost to provide assistance at the scene when the policyholder's car is disabled.
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