knock-for-knock

an agreement between insurance companies that has considerable practical effects for many motorists, although not strictly speaking a legal institution. The agreement means that an insurer will, under a fully comprehensive policy, pay the losses of its own insured and will not insist upon raising an action against the other companies insured. If there are uninsured losses, the motorist may have to raise his own action in any event. The idea of insurance companies giving no-claims bonuses whereby they reduce the premium charged if there is no claim means that the issue of fault still has to be resolved, although some companies may still treat the claim as a claim destroying the bonus if they have settled knock-for-knock regardless of the issue of fault.

单词	knock-for-knock
释义	knock-for-knock knock-for-knock adj (Insurance) designating an agreement between vehicle insurers that in the event of an accident each will pay for the damage to the vehicle insured with him or her without attempting to establish blame for the accident Translations knock-for-knock knock-for-knock an agreement between insurance companies that has considerable practical effects for many motorists, although not strictly speaking a legal institution. The agreement means that an insurer will, under a fully comprehensive policy, pay the losses of its own insured and will not insist upon raising an action against the other companies insured. If there are uninsured losses, the motorist may have to raise his own action in any event. The idea of insurance companies giving no-claims bonuses whereby they reduce the premium charged if there is no claim means that the issue of fault still has to be resolved, although some companies may still treat the claim as a claim destroying the bonus if they have settled knock-for-knock regardless of the issue of fault.
随便看	secondary education development program secondary education interdisciplinary unit secondary education quality improvement secondary education sector improvement project secondary education, specialized secondary egg membrane secondary egg membranetertiary egg membrane secondary elaboration secondary electron secondary electron conduction secondary-electron conduction secondary electron conduction orthicon secondary electron emission secondary electron emission mass spectroscopy secondary electron imaging secondary element secondary embargo secondary emission secondary emission mixed radiation dosimetry secondary emission monitor secondary emissions standard secondary emmission pagosa lakes property owners association pagosa springs arts alliance pagos spreadsheet component