Αποτελέσματα Αναζήτησης
19 Οκτ 2024 · Primary policies typically apply to property, liability, or health coverage. The primary insurance is the first policy to cover a financial loss, while secondary or excess insurance covers any remaining amount once the primary policy’s limits are exhausted.
25 Απρ 2016 · The essence of what is behind “primary and noncontributory” is priority of payment, which insurance carrier pays first. Not “pays all,” but “pays first.” Yes, “primary” doesn’t mean “the most important”; it means it pays first.
Insurance carrier means every insurance carrier duly. Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the ...
Primary Insurance refers to the first layer of insurance coverage that is used in the event of a claim, where multiple insurance policies cover the same loss. This type of insurance takes precedence over any others, meaning it must first exhaust its limits or coverage responsibilities before secondary or tertiary insurers are called upon.
15 Δεκ 2023 · The primary and noncontributory clause is a common provision in insurance contracts, particularly in liability insurance policies. It defines how and to what extent different insurance policies should interact when there are multiple providers covering the same risk or claim.
20 Μαρ 2023 · Unlike private mortgage insurance (PMI), MIP is managed internally by the government and lasts for the life of the loan — meaning it won’t roll off when you reach a certain LTV ratio like it does when you have PMI.
13 Ιαν 2019 · So, here’s the scoop. “Primary (ness)” (as does “noncontributory”) has to do with the priority of payment and only involves a situation where one party, named as an additional insured on the other’s liability insurance policy, also has its own insurance.
