Claims-paid Policy

Claims-paid Policy,

Claims-paid Policy Definition:

  1. Liability insurance that is activated when the loss is paid and not when the loss is first reported (loss policy) or when the loss occurs (insurance policy). This approach can offer significant benefits in terms of price accuracy. However, since claims are paid only during an active contract, the policyholder cannot terminate the contract in the event of a claim, while claims are usually delayed for years, unless they claim your property. Not ready to settle. .

Literal Meanings of Claims-paid Policy

Claims:

Meanings of Claims:
  1. An allegation or claim that something happened, usually no evidence or proof is provided.

  2. Officially ask or demand that someone wins (something) or wins.

  3. Harm (someone)

  4. A statement that something is true.

  5. A request or request for something that is considered due.

Sentences of Claims
  1. The prime minister says he is worried about third world debt.

  2. If one does not claim these items, they become the property of the Crown Prince.

  3. Five people were killed in the ■■■■■■.

  4. Followed alleged CIA contacts.

  5. The court rejected your asylum application.

Synonyms of Claims

allege, application, cause/result in the loss of, case, maintain, protestation, insist, say that one owns, avowal, representation, represent, submission, take, asseverate, pretence, assert ownership of, hold, demand, submit, declaration, lay claim to, attest, asseveration, allegation

Paid:

Meanings of Paid:
  1. Back and Participation Payment 1.

  2. (Work or vacation) during or during compensation.

  3. Paying (someone) for work, goods received, or money owed.

  4. Being miserable through an action.

  5. (Attention, respect or admiration) Give (to someone).

Sentences of Paid
  1. Five weeks of annual salary.

  2. The passenger pays the guide to pick you up.

  3. They pay the price for your impatience.

  4. No one pays attention to them

Synonyms of Paid

render, subsidize, provide finance/capital for, get one's comeuppance, afford, remunerate, pay a penalty, give, take one's medicine, defray the cost of, proffer, extend, stake, suffer the consequences, reward, reimburse, back, cough up for, capitalize, support, atone, donate/leave money for

Policy:

Meanings of Policy:
  1. A code of conduct or practice adopted or proposed by an organization or individual.

  2. An insurance contract

  3. Illegal lottery or number game.

Sentences of Policy
  1. Controversial government policy

  2. They do politics together.

  3. I swear he has never been in politics in his life.

Synonyms of Policy

stratagem, pattern, approach, line, notions, attitude, position, system, style, intentions, wont, matter of course, blueprint, convention, proposed action, custom, code, mode, strategy, plans, guidelines, stance, schedule, way, routine