Sentence examples for claim payout from inspiring English sources
Although the car owner can set a value for the car, an insurance claim payout could potentially reduce that to account for depreciation since the policy was purchased.
Its scheme is intended to push insurers into improving their terms by publishing details on each insurer's claims frequency, claims acceptance rates and average claim payout.
St. Paul said its medical-malpractice business in Georgia pays out $1.79 in claims for every $1 in premiums it collects, compared with a nationwide claim payout of $1.40 for every $1.
£500 excess Over the past couple of years there seems to have been an increase in the number of insurers that impose a higher excess (the part of any claim payout that is withheld by the insurer) if you make a claim as a result of a burst pipe or other leak, than for other claims.
Policyholders have the best chance of getting a full claim payout requested when they list specific items and values for each.
If your dwelling policy only pays out cash value the insurance company will consider the depreciated value of the home, which could cause 20 or 30percentt depreciation on the final claim payout.
An article in Business Day on Oct. 14 about expectations by insurance companies for record profits for 2006, in part because of few major claim payouts for natural disasters, misidentified the source of an updated forecast that predicted no more than one mild hurricane in October and no hurricanes at all next month.
Yet the claim payouts pale beside the hit that some European insurers took on their equity portfolios last year, (see table, below).
With £12.96bn now being set aside (including bank overhead costs) and claim payouts averaging more at £2,750, that suggests about 4.7 million people have been, or soon will be, compensated.
It is not the responsibility of the France-based settlement board, which simply decided who was eligible for claim payouts.
In short, eBay insurance claims payout will (approximately) equal the sales price.
