Insurance policy
Is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
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Blog Insurance Policies
Insurance for motor vehicles, what you should know
This type of coverage, in general, acts in two ways: partially and totally. If the client decides to take partial coverage, the insurer can help him in certain aspects contemplated in the contract.
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How does life insurance work within the succession?
When a person takes out life insurance, they do so for multiple reasons: to take care of their life and that of their family, and to have financial support that gives them peace of mind at the time of death.
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Principles of compensation in insurance
Indemnity can be defined as compensation or reward from an insurance company for having caused damage to a person or structure, either actively or passively to another person.
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Life insurance
Is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.
Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.
What is a life insurance?
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