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Refinance and Mortgage Encyclopedia - indemnity
IndemnityA type of insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." in which the insuredThe policyholder - the person(s) protected in case of a loss or claim. pays for services at the time they are received, submits bills and copies of paidThis is the amount of tax posted as paid for the year in question, either in installment payments or receipts to the insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer, and the insurance company reimburses the insured for a set portion of the coveredA person covered by a pension plan is one who has fulfilled the eligibility requirements in the plan, health care expensesThings that you are required to spend money on, such as food, clothing, housing, or other things that you have to have.. IndemnityLegal principle that specifies an InsuredThe policyholder - the person(s) protected in case of a loss or claim. should not collect more than the actual cash valueThe value of the property when it is damaged or destroyed. This is usually figured by taking the replacement of a lossThe occurrence of the event for which insurance pays. but should be restored to approximately the same financial positionAn interest in the market, either long or short, in the form of one or more open contracts. that existed before the loss. IndemnityTo restore a party who has had a coveredA person covered by a pension plan is one who has fulfilled the eligibility requirements in the plan, lossThe occurrence of the event for which insurance pays. to the same financial positionAn interest in the market, either long or short, in the form of one or more open contracts. that party held before the loss occurred.
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