Automatic Coverage

Automatic Coverage

A feature in some insurance policies that changes the amount of coverage in accordance with changes in the value of the property being insured. For example, if the value of a piece of real estate increases or decreases over time, a policy with automatic coverage would alter its coverage in proportion to the change.
References in periodicals archive ?
Advanced algorithms enable automatic coverage of the flow of play and highlight generation.
There are many minors who fall into this category and they too must have automatic coverage.
any settlement resulting from this insurance contract, and in particular those related to premium payment and reimbursement of contributions and other settlements, will be made in the pro rata system (for each day) of the insurance coverage, unless settled by the automatic coverage clause.
Such policies also provide automatic coverage for newly acquired pieces for a period of time, so owners don't have to worry about getting each new piece covered by the policy the day they buy it.
Automatic coverage for on-going maintenance post construction
And if "a" is not true, then "b" is of no help because both must be true or there is no automatic coverage.
He said access to HMO plans and services would augment the healthcare benefits that senior citizens now enjoy under the law, including the 20-percent discount on hospital charges and the cost of medicines, and automatic coverage by the state-run Philippine Health Insurance Corp.
Schrandt recommends advisers work with a carrier that can aggregate the plans on a single bond with an automatic coverage provision to include any additional plans that come aboard during the year.
AdvaMed claims the current CMS reimbursement framework for trials is unnecessary because the agency usually decides to support them, and that automatic coverage would bring medical device trials in line with the payment systems for drug trials.
Don't bet on having automatic coverage, either; some car insurance companies don't give you any.
Fortunately, a collections policy provides worldwide* coverage for items in transit and automatic coverage for newly acquired items.
The new rule unequivocally clarifies that notification to HHS (instead of to the insurance company) indeed triggers automatic coverage for the very contraceptives that certain companies choose not to facilitate or otherwise provide coverage.
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