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.
Blog Insurance Policies
Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Survey SuggestsFew Homeowners Prepare for Weather-Related Risks
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Hjalmar Jesus Gibeli Gomez: Hunton Offers Amicus Support in First Circuit Review of “Surface Water” Under Massachusetts Law
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Hjalmar Jesus Gibeli Gomez: Nevada State Court Rulings Highlight Importance of Strategic Decisions Early in a Case
In a COVID-19 insurance coverage lawsuit that Hilton Worldwide Holdings, Inc. filed against several insurers in Nevada state court, two recent rulings in favor of Hilton highlight the importance of[…]Read more
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?
This Video explains it clearly