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
Meanings of Waiver:
Rights or waiver measures or matters.
Sentences of Waiver
Your approval may be a waiver
Synonyms of Waiver
disaffirmation, surrender, refusal, disavowal, abandonment, deferral, repudiation, relinquishment, rejection, abdication, dispensation, renunciation
Meanings of Of:
It shows the relationship between the part and the whole.
Indicates the relationship between scale or size and value.
Refers to the relationship between two organizations, usually the organization of the association.
It shows the relationship between the address and the reference point.
It represents the relationship between a general type or type and a particular object belonging to that category.
After a noun that comes from or is related to a verb.
Identify the component or substance that makes the difference.
Express the hour for the next hour.
Sentences of Of
North of Chicago
Nice to meet you
In New York, only a quarter to three
Synonyms of Of
of, in, from, done by, made by, carried out by, by, caused by
Meanings of Restoration:
The act of returning something to its former owner, place or state.
Throne of hereditary kings, head of government or ruling government.
Sentences of Restoration
Restoring Andrews Vision
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
Meanings of Premium:
Amount paid for the insurance policy.
Sentences of Premium
Accurately, the income of a pensionable worker consists of the premium paid for his claim in addition to his salary.
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