Examples of Motor Insurer in a sentence
Total Loss: Your Insured Vehicle is deemed to be beyond economical repair by Your Comprehensive Motor Insurer and they have agreed to accept Your claim on terms that the Insured Vehicle becomes the property of the Comprehensive Motor Insurance provider.
If the Insured accepts an offer of settlement from their Motor Insurer of less than the current Market Value of the Vehicle, the Insurer reserves the right to contact the Motor Insurer in Your name to assess the offer of settlement and where necessary seek settlement in-line with the Market Value at the time of the incident that lead to Your Vehicle being declared a Total Loss.
Any Premium owed that is deducted from the settlement by the Motor Insurer of a Total Loss claim on Your Vehicle.
If the Motor Insurer reduces the amount it pays under Your Motor Insurance Policy because of Your contributory negligence or due to the condition of the insured Vehicle, We will reduce the amount We pay under this policy by the same percentage.
Where an Insured person has claimed under their Motor Insurance Policy and the claim has been settled, with the Vehicle being surrendered to the Motor Insurer or otherwise, and a Total Loss payment made.