What does base insured mean?

Updated: 9/23/2023
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Q: What does base insured mean?
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What does it mean when banks are insured by the FDIC?

Banks that are insured by the Federal Deposit Insurance Corporation are insured against loss as a result of the bank defaulting or otherwise being unable to repay a customer's money.

Can health insurance base insurance premium on gender?

No, health insurance premia is not based on gender of the insured.

What does Additionally Insured on a Vehicle Insurance Policy mean?

The person who took out the policy is the main or policyholder. Any persons added to the policy are considered additionally insured.

What does excess clause mean?

sometimes an insurer will offer the insured a lower premium if the insured agrees not to seek compensation for amount under lets say 200 euro.

What does proposer excess mean when quoting for cars?

Proposer excess means the amount the insured has to pay towards the cost of any insurance claim. The proposer is the insured or policyholder.

Insured vs Insured Professional Liability?

The insured and the insured professional are one and the same.

Can a county court proceeding be issued against an individual for a car accident if the car is insured?

Not really sure what you mean by 'county court proceeding', if you mean can you still be given a ticket and have to pay it even though you are insured, then yes. Unless the ticket is for not being insured, then you MAY get out of it if you can prove you were indeed insured at the time of the accident, but most of the tickets are 'failure to show proof'. Please expand on your question some, and perhaps we can be of more assistance.....

What do they mean when they ask are you insured?

Do you have any insurance. If driving, they ask for your proof of auto insurance.

What does the term 'insurance collision' mean?

Insurance collision is a form of automobile insurance that covers physical damage. In most situations the insurer pays for the insured injuries, damage to the vehicle of the insured, and if the insured is at fault it pays for the damage to the other vehicle, and the other driver.

Are teens automatically insured to parents car?

They are insured as passengers they are not insured to drive it

Is the car insured if you just bought it?

A new car is not insured unless you insured it. You can insure a car before you pick it up, but if you don't it isn't insured.

What does it mean to be bonded licensed and insured?

'Bonded, licensed, and insured' is a phrase that small businesses use to let their customers and potential customers know that they have gone through all of the legal procedures to be able to perform their trade.