Motor Insurance Settlement definition

Motor Insurance Settlement means the pre-incident value of Your Vehicle as assessed by the Motor Insurance Company excluding any deductions for damage not associated with the Total Loss Claim.
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Motor Insurance Settlement means the money that you receive from your motor insurer under your motor insurance following a claim for the total loss of the insured vehicle.
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Motor Insurance Settlement means the money that you receive from the motor insurer following a claim for the total loss of theinsured vehicle;
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Examples of Motor Insurance Settlement in a sentence

  • If You have a Contract Hire Agreement or a Finance Lease Agreement, in the event of the Total Loss of Your Vehicle occurring within the Territorial Limits during the Period of Insurance, the Insurer agrees to pay the Finance Company on Your behalf, the amount by which the Early Settlement Balance exceeds the Motor Insurance Settlement.

  • If the You have a Finance Agreement, in the event of the Total Loss of Your Vehicle occurring within the Territorial Limits during the Period of Insurance the Insurer agrees to pay the Finance Company on Your behalf, the amount by which the Early Settlement Balance exceeds the Motor Insurance Settlement.

  • Any actions We take in Your name in relation to the Motor Insurance Settlement will not affect the payment of a claim under Your Asset Protection Policy.

  • Any claim where the Insured Vehicle is not declared a Total Loss, or where no Motor Insurance Settlement is paid to You2.

  • This cover is provided at no extra cost.If the Insured Vehicle is declared a Total Loss during this period, this policy will cover the difference between the Motor Insurance Settlement and the Finance Early Settlement Balance payable to the Finance Company at the date of Total Loss.

  • However, with a different building footprint and orientation – which also meets all setbacks – the lot width would measure just 94 feet.Patrick Steinhoff letter response Page 2 Similarly, using the measurement methodology suggested by Mr. Steinoff, proposed Lot 1 would be just 98 feet in width, based on the orientation of the existing home.

  • Salvage Value The amount deducted by the Motor Insurer from a Motor Insurance Settlement, to enable You to keep ownership of Your Vehicle.

  • If You incur a motor insurance policy excess as part of Your Motor Insurance Settlement and the Claims Administrator authorises Your claim, the Claims Administrator will also pay You up to the limit specified on Your Certificate of Insurance toward the cost of Your Motor Insurance Policy excess.

  • A claim under the Motor Insurance Policy for Your Vehicle or through an Accident Management Company, as a result of accidental damage, fire or theft, where Your Vehicle is beyond economic repair resulting in a Motor Insurance Settlement.

  • The same percentage or amount deducted by the Motor Insurer of Your Vehicle, if they reduce the Motor Insurance Settlement because of contributory negligence or due to the condition of Your Vehicle.

Related to Motor Insurance Settlement

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.