Coverage for damage caused by the collision of an elevator, regardless of fault. The damaged property may be personal property, building, or the elevator itself.
Insurance Encyclopedia
Elevator Collision Coverage
Coverage for damage caused by collision of an elevator without regard to fault. This includes damage to personal property, the building, and the elevator itself. Liability coverage is usually provided automatically by Business Liability Policies.
Elevator collision coverage (Liability Insurance/Property Insurance)
Insurance that covers damage to elevators brought about by elevator collision. This insurance also covers personal possessions and the building that houses the elevator. This coverage is often included in business liability insurance policies.
Eligibility
1. Qualifying factors that must be met before a patient receives benefits (medical services) under a specified insurance plan, government program, or managed care plan. 2. Refers to the process whereby an individual is determined to be eligible for health care coverage through the Medicaid program. Eligibility is determined by the State. Eligibility data are collected and managed by the State or by its fiscal agent. In some managed care waiver programs, eligibility records are updated by an enrollment broker who assists the individual in choosing a managed care plan in which to enroll.
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UK: Conditions that govern a person’s right of entry into a pension scheme or right to receive a particular benefit. The conditions may relate to age, service, status and type of employment but there must be no discrimination in eligibility on grounds of sex. The Barber judgment applies to all retirement benefits earned after 17 May 1990 and is endorsed by regulations under PA95 for equal treatment between the sexes.
Eligibility date
Month, day, and year an individual and/or spouse and dependents become eligible for benefits under an insurance plan or date he or she may apply for insurance.
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The date that a person is eligible for benefits.
Eligibility date (Health Insurance)
The date the insured is able to begin receiving benefits.
Eligibility for coverage
In group health insurance, the conditions that an individual must meet to obtain coverage such as age, employment status, and continued employment.
Eligibility guarantee
Promise of payment to the medical provider for services rendered to a member of an insurance plan who later is discovered to be ineligible for benefits.
Eligibility period
Time (usually 31 days) that follows the eligibility date during which a member of an insured group can apply for insurance.
Eligibility period (Health Insurance)
The time frame during which medical costs accumulated will be reimbursed by a medical policy. This term can also mean the time frame during which prospective insureds can enroll in a group life program or health program without having to prove their insurability.