Own-occupation policy

(redirected from Own Occupation)

Own-Occupation Policy

An insurance policy that pays benefits to the policyholder if he/she becomes unable to perform work for which he/she is qualified. For example, if a dictionary writer's hands fall off, he likely would be eligible for the benefits of an own-occupation policy because he would be unable to write definitions for the dictionary. Some own-occupation policies pay benefits if the policyholder becomes unable to perform his/her current job, while others only do so if he/she is unable to do any job that he/she would otherwise be able to do.

Own-occupation policy.

If you purchase an own-occupation disability insurance policy, you are entitled to receive benefits if a disability prevents you from performing the skilled work for which you have been trained.

Some other disability policies pay a benefit only if you are unable to do any type of work for which you're qualified.

References in classic literature ?
Now, there were many stairs and passages that she had to traverse in passing from that part of the spacious house to the chamber she had secured for her own occupation.
She has her own occupations to attend to; and besides, she is too old to run after a child, and he is too mercurial to be tied to an elderly woman.
You have your own occupations and your own friends.
Has his behaviour, when females have been in the case, always been that of a man, who, having attained a pretty advanced period of life, content with his own occupations and amusements, treats them only as a father might his daughters?
Green and Brown managing director Darren Green said: "Grange Moor is a fabulous location for our expanding company which is why we have bought one of the warehouses for our own occupation and the other as an investment.
The PCF is then compared against a specialized and validated occupational library to identify the claimant's ability to perform his or her own occupation or any occupation, based on the terms of the claimant's policy.
Obviously an own occupation definition is better, although for some professions, such as a surgeon or a pianist, it can be difficult to come by.
Your landlord could serve a hostile Section 25 Notice on you to terminate your lease with a minimum of six month's notice requiring to vacate under certain grounds such as redevelopment or if the landlord required the property for their own occupation.
What Israel is doing is defending its own occupation and the systematic denial of Palestinian national rights.
Bryn Bach was built traditionally by a builder for his own occupation in 1997.
According to the report, some of long-term Abu Dhabi residents have shown interest in purchasing residential units for their own occupation rather than continuing renting, which has added more demand for housing units.
If an employee chooses to leave with the policy, both the premium and own occupation definitions will stay intact, as will the class level at which the policy originally was written.