Waiver Of Restoration Premium

Waiver Of Restoration Premium,

How Do You Define Waiver Of Restoration Premium?

The definition of Waiver Of Restoration Premium is: Receipt of premium rebate is the provision of insurance policy which remains at the same level of coverage coverage for the policyholders for the benefit of claim before payment. Without the deduction of premium collected, the policyholder can pay an additional premium to avail the same coverage.

Waiver Of Restoration Premium definition is: In the insurance industry, a maintenance premium waiver is a legal provision that if policyholders continue to cover their claims once they have been settled, no additional fees or maintenance premiums will be charged.

  • The recovery premium waiver is a contract clause that is included in some insurance policies.
  • This protects policyholders from the increased protection of insurance premiums following claims against policies.
  • Because this exclusion benefits a particular policyholder at the cost of insurance, a higher basic insurance premium is usually required.

Waiver Of Restoration Premium means: An agreement consisting of several insurance policies stipulates that in the event of a claim, the company will replace the original policy amount at no extra cost.

Literal Meanings of Waiver Of Restoration Premium

Waiver:

Meanings of Waiver:
  1. Rights or waiver measures or matters.

Sentences of Waiver
  1. Your approval may be a waiver

Synonyms of Waiver

disaffirmation, surrender, refusal, disavowal, abandonment, deferral, repudiation, relinquishment, rejection, abdication, dispensation, renunciation

Of:

Meanings of Of:
  1. It shows the relationship between the part and the whole.

  2. Indicates the relationship between scale or size and value.

  3. Refers to the relationship between two organizations, usually the organization of the association.

  4. It shows the relationship between the address and the reference point.

  5. It represents the relationship between a general type or type and a particular object belonging to that category.

  6. After a noun that comes from or is related to a verb.

  7. Identify the component or substance that makes the difference.

  8. Express the hour for the next hour.

Sentences of Of
  1. 5% increase

  2. North of Chicago

  3. Nice to meet you

  4. In New York, only a quarter to three

Synonyms of Of

of, in, from, done by, made by, carried out by, by, caused by

Restoration:

Meanings of Restoration:
  1. The act of returning something to its former owner, place or state.

  2. Throne of hereditary kings, head of government or ruling government.

Sentences of Restoration
  1. Restoring Andrews Vision

  2. Restoration of democratic government

Synonyms of Restoration

replacing, reconditioning, reinstitution, makeover, repair, re-establishment, revamp, repairing, revamping, mending, rehabilitation, redecoration, rebuilding, reinstallation, fixing, reinstatement, return, overhaul, remodelling, putting back, refurbishment, reconstruction, reimposition

Premium:

Meanings of Premium:
  1. Amount paid for the insurance policy.

Sentences of Premium
  1. Accurately, the income of a pensionable worker consists of the premium paid for his claim in addition to his salary.

  2. Consumers are reluctant to pay more for organic fruits

Synonyms of Premium

prize, surcharge, extra, percentage, insurance payment, reward, extra amount, bonus, insurance charge, additional fee, instalment, regular payment, remuneration, perk, additional payment, recompense, extra charge

Waiver Of Restoration Premium,

Waiver Of Restoration Premium: What is the Meaning of Waiver Of Restoration Premium?

The recovery premium waiver is a clause in an insurance policy that allows the policyholder to continue with the same level of coverage as the benefit of the claim as a discount. With the exception of the recovery premium, the policyholder may pay an additional premium to avail the same coverage.

Waiver Of Restoration Premium means: In the insurance industry, a recovery premium waiver is a legal provision that stipulates that policyholders will not charge extra fees or recovery premiums if their coverage continues once the claim is settled.

  • Recovery premium waiver is a contract clause that is included in some insurance policies.
  • This protects the policyholder against the increase in insurance premium and its policy in the event of a loss.
  • Because this exclusion benefits the policyholder at the insurer's expense, a basic insurance premium is often required.

A simple definition of Waiver Of Restoration Premium is: An agreement that includes a number of insurance policies stating that in the event of a claim, the company will replace the original policy amount at no extra cost.

Literal Meanings of Waiver Of Restoration Premium

Waiver:

Meanings of Waiver:
  1. The act or process of waiving a right or claim.

Synonyms of Waiver

disclaimer, abjuration

Of:

Meanings of Of:
  1. Expresses the relationship between part and whole.

  2. Indicates an affiliation between two entities, usually one of the affiliation, where the first is the header of the sentence and the second is the affiliation.

  3. Indicates the relationship between direction and reference point.

  4. Indicates the relationship between a general category or type and a particular item belonging to that category.

  5. Derived from a verb or after a related noun.

  6. Variations of the spelling of ob that are found before f (such as insulting)

Sentences of Of
  1. North of Watford

Restoration:

Meanings of Restoration:
  1. The process of returning something to its former owner, place or country.

  2. Return to the king's throne, head of government or ruling government.

Synonyms of Restoration

renovation, bringing up to date, updating, updation, redevelopment, modernization, facelift, gentrification, upgrading

Premium:

Meanings of Premium:
  1. Amount payable under the insurance contract.

  2. Price or value added to the general price.

  3. Some were given as a gift, reward or incentive.

Synonyms of Premium

perquisite, inducement, bounty, extra amount/charge, incentive

Waiver Of Restoration Premium,

What is Waiver Of Restoration Premium?

Waiver Of Restoration Premium means, Kirsten Rohrs Schmidt is a prolific writer, author, editor and professional examiner. He has experience in finance, investment, real estate and world history. Throughout his career, he has written and edited content for magazines and consumer websites, written business resumes and social media content for businesses, and content for universities and nonprofits. Kirsten is also the founder and director of Your Best Edit, you can find her on LinkedIn and Facebook.

  • Recovery premium waiver is a contract clause that is included in certain insurance policies.
  • This protects the policyholder against the increase in insurance premium and its policy in the event of a loss.
  • Because this exclusion benefits the policyholder at the insurer's expense, it requires, in particular, a higher basic insurance premium.

You can define Waiver Of Restoration Premium as, An agreement included in many insurance policies stipulates that, in the event of a loss, the company will replace the original policy price at no extra cost.

Literal Meanings of Waiver Of Restoration Premium

Waiver:

Meanings of Waiver:
  1. An act or practice of waiving a right or claim.

Of:

Meanings of Of:
  1. Indicates the relationship between the two entities, usually one of the parents, the first being the header and the second having something to do with it.

  2. Derived from or after a noun related to a verb.

  3. Different types of ob spellings that merge before f (as offensive).

Sentences of Of
  1. It's like you ask

  2. The quarterback will be in New York at 3 p.m.

Restoration:

Meanings of Restoration:
  1. The process of returning an item to its previous owner, place or country.

Premium:

Meanings of Premium:
  1. Cost or price included in the general price.

Sentences of Premium
  1. The Société des Arts gave him a bonus.