Available for payment definition
Available for payment means the amount of liability insurance coverage applicable to the claim of
Available for payment means the amount of liability insurance coverage applicable to the claim of the injured person for bodily injury or property damage reduced by the payment of any other claims arising out of the same occurrence.
Available for payment as used in this Paragraph (D.) means the amount of liability coverage applicable to the claim of the “insured” as reduced by the payment of any other claims arising out of the same occurrence. However, “underinsured motor vehicle” does not include any vehicle or equipment to which a bodily injury or property damage liability bond or policy applies at the time of the accident but the bonding or insuring company:
Examples of Available for payment in a sentence
Available for payment by presentation of draft(s) at sight drawn on you or your correspondent.
More Definitions of Available for payment
Available for payment as used in this endorsement means the liability coverage applicable to the claim of the "insured" as reduced by the payment of any other claims arising out of the same occurrence.
Available for payment means the amount of uninsured motorist insurance coverage applicable to the