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Per occurance means for one event or one incident. Aggregate means the total it will pay out for the entire policy period.
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What is the average cost per year of general liability insurance for an independent general contractor in Pennsylvania?
In NJ, for a $2,000,000 aggregate and a $1,000,000 per occurance, we pay about $12,000 a year. That's with a totally clean record and 8 years in business.
Who pays for personal injuries if the at fault party has no insurance?
UMBI means coverage for bodily injury to you and the occupants of your vehicle in the event you are injured by an uninsured driver, $20,000 per person and $40,000 maximum per occurance. If he is insured, his liability will cover this.
What does the word occurrance mean?
occurance means "how often something happens or occurs"
What does per occurrence mean in insurance?
Per Occurrence in insurance means its time an event occurs. Consumers often see this on auto insurance, when they find out the deductible amount they will pay each time they have a wreck.
What does PCY on health insurance coinsurance mean?
PCY: Per Calender Year
How can you use occurance in a sentence?
there was an occurance when a boy broke his leg
What does BIPD 25-50-25 and UM BI 20-40 mean on your auto insurance?
BIPD means bodily injury and property damage coverage (this is liability coverage; that for which you are legally liable in the event of an accident). 25/50/25 means coverage of $25,000 per person to a maximum of $50,000 per occurance for injury you may cause to persons, and $25,000 coverage for property damage (damage to the other car, fence, mailbox, etc.. anything other than a person). 20/40 UMBI means coverage for bodily injury to you and the occupants of your vehicle in the event you are injured by an uninsured driver, $20,000 per person and $40,000 maximum per occurance. If he is insured, his liability will cover this.
What does unreimbursed medical expenses mean Does it mean not covered by Insurance you get medical bills all the time from the ex you are only to pay per your divorce Items not covered by insurance?
This does mean expenses are not covered by insurance. If this is what the divorce decree says, then you are responsible for these bills.
What does ''Catastrophic limit per person'' mean on an insurance plan?
On a health plan that is the limit the insurance company will pay over any period of time.
What does it mean when the line of best fit passes through one of your results?
No great significance should be attached to that occurance.
How is mortgage insurance coverage determined for financed mortgage insurance?
If you mean mortgage protection it is usually the amount you require per month eg £100 of insurance cover per month might be £6 per £100 for example If you are talking about bldgs insurance then the lender should tell you in their estimation of how much the property would costs to rebuild and you should insure this for a minimum of that amount.
Explain the difference between often and sometimes?
Sometimes defines an infrequent occurance. Often defines a frequent occurance.
