What is hold cover insurance?
Asked by: Flossie Pacocha | Last update: August 19, 2025Score: 4.2/5 (26 votes)
What does hold up mean in insurance?
"Hold-up" means when the Insured or its personnel is/are threatened by any weapon and there exists a possibility of actual physical threat to the person of the Insured or its personnel.
What is held covered?
1. insurance term for a rule acceptance of insurance risk as long as extended cover exists. 2. AKA direct covered.
What is holding insurance?
From a claim being brought against a director or officer to property damage, bodily injury, and more – there is a lot that can go wrong. That's where holding company insurance comes in. With the right commercial insurance policy, you can safeguard your holding company against a wide range of financial risks.
What is retaining in insurance?
This is the amount of money that you are required to pay, per claim, before the insurance company will start paying. The carrier is asking you to “retain” some of the risk in the form of a small amount of self-insurance. The amount they ask you to retain depends on who you are and what insurance you're buying.
Contents Insurance Coverage – What Does It Cover?
Does retention mean deductible in insurance?
The answer to the question what's the difference between a deductible and a self insured retention is that deductibles reduce the amount of insurance available whereas a self insured retention is applied and the limit of insurance is fully available above that amount.
What is a retain plan?
A retention strategy is a plan organizations create and use to reduce employee turnover, prevent attrition, increase retention, and foster employee engagement. While some turnover is inevitable, building a retention strategy to prevent as much voluntary turnover as possible can save an organization time and money.
What does hold cover mean in insurance?
Hold Cover means an option selected by an Insurer when transacting a Platform Contract over the Platform confirming that an Insurer accepts that it is liable to indemnify the insured party under a Platform Contract pending the resolution of certain Conditions or Subjectivities. Sample 1Sample 2Sample 3.
Can I put my insurance on hold?
Depending on your state's rules and insurer, you may be able to pause your car insurance if you won't be driving for an extended period. If putting a pause on your car insurance isn't possible, you can reduce your coverages or cancel your policy for the time you don't need it.
What is a holder insurance?
Like an Additional Insured, a certificate holder is a third party that may be named on your COI. Unlike an Additional Insured, however, a certificate holder has no protection or coverage under the policy. Therefore, a certificate holder cannot file a claim under the policy.
What does it mean when a case is held?
Held in the context of a legal judgment or pronouncement means decided or ruled , as in "the court held that the contract was valid." The holding of the court is binding, and it can only be set aside by appealing the judgment before a higher forum . [Last updated in February of 2022 by the Wex Definitions Team ]
What hold up is covered in money insurance?
Major Coverage under Money Insurance Policy
Damage to Personal belongings which occurs during the course of theft or attempted theft, hold up or robbery within the Geographical limit.
What is covered vs noncovered insurance?
The differences between covered and non-covered services are essentially what they sound like – some are paid for by your insurance, while others are not. Whether or not a service is covered is dependent upon your insurance policy. For example, Medicare will pay for an annual physical exam as part of a covered service.
What does it mean when a plan is on hold?
phrase. If you put something on hold, you decide not to do it, deal with it, or change it now, but to leave it until later.
What is a claims hold?
A claim hold prevents claims from going out for specific dates of service, billing providers, places of service, and insurance plans. You can also configure your practice's claim delay, which prevents any claim from going out until a certain number of days after the date of service.
What is an example of hold up?
Her legs wouldn't hold her up. Why were you holding everyone up? Continuing violence could hold up progress towards reform. A thief ran off with hundreds of pounds yesterday after holding up a petrol station.
Can insurance refuse to cover me?
Yes, a car insurance company in California can deny your auto insurance claim.
How can I hold my insurance?
Yes, you can pause your car insurance – and reduce your premium – if you won't be driving for 45 days or more. A Suspension of Coverage endorsement temporarily suspends your car insurance for the use of your vehicle, while keeping your existing protection for a variety of non-driving risks.
Can you put an insurance payment on hold?
Most insurance companies will usually not let you put your insurance coverage on hold, but they may have other options available. If you don't plan on driving for at least 30 days, you may be able to find other ways to reduce your costs.
What is hold up in insurance?
Hold-up means when the Insured or its personnel is/are threatened by any weapon and there exists a possibility of actual physical threat to the person of the Insured or its personnel.
What is the meaning of held covered?
(i) An agreement in advance, by an Insurer, to continue insurance in the event of a certain defined circumstance arising; or (ii) An insurer may agree to “hold covered” a new risk or a renewal pending receipt of special requested information or full information.
What does a coverholder do?
What is a Coverholder. “Coverholder” means a company or partnership authorised by a Managing Agent to enter into a contract or contracts of insurance to be underwritten by the members of a syndicate managed by it in accordance with the terms of a Binding Authority.
What is the purpose of retain?
Retain means to hold on to or keep. People who can retain a lot of information are often mistaken for geniuses, but really they just have very good memories. To retain is to keep or maintain, whether in mind, possession or a certain condition.
What is a retention plan in insurance?
Insurance retention may sound like you are purchasing or “retaining” insurance but what you are actually doing is retaining or managing more of your risk. Insurance retention means that you, as an insured company, will be responsible for paying claims against you up to a certain dollar amount.
What is an example of retain?
to keep or continue to have something: She has lost her battle to retain control of the company. He managed to retain his dignity throughout the performance. She succeeded in retaining her lead in the second half of the race.