The insurance contract or agreement is a contract in which the insurer undertakes to pay benefits to the insured or on his behalf to a third party if certain defined events occur. Subject to the ”principle of fortuitousness”, the event must be uncertain. Uncertainty can be either when the event will occur (p.B. in a life insurance policy, the time of death of the insured is uncertain) or if it will occur at all (p.B. in fire insurance, whether or not a fire occurs).  This page is usually the first part of an insurance policy. It indicates who is insured, what risks or tangible assets are covered, the insurance limits and the period of insurance (i.e. the duration of the policy). The granting of coverage and the terms of the policy are of paramount importance.
It is important to understand how the policy is written and structured. It is often necessary and always useful to start with the type of policy near which you are dealing and the risks that the insured has tried to cover. If you only look at the granting of coverage, it is not enough to be able to make the most important decisions. The declaration page, exclusions and any exceptions to exclusions must also be taken into account. Insurance contract – specifies what the insurer covers under the terms of the contract. He will refer to the purpose of the insurance. In the standard fire policy, the declaration and the insurance contract appear together on the first page of the contract. In fonts that have more than one element, such as . B auto insurance policies, there is an insurance contract for each item. This is the insurance contract portion of an auto insurance policy, which consists of the auto damage coverage insurance agreement. An auto insurance policy usually has 2 themes, namely ”liability coverage” and ”auto damage coverage.” Exclusions – These provisions of the policy set the limits of the promises of coverage set out in insurance contracts.
These provisions are used for one or more purposes, including disposal to cover (1) cover losses caused by certain hazards, (2) cover other insurance, (3) cover non-insurable losses. In principle, exclusions are those parts of the insurance contract that limit the scope of coverage and/or list the causes and conditions that are not covered. Below is an example of common exclusions in an auto insurance policy – insurance contracts are necessary in the event of a dispute over whether or not a particular claim is covered. .