An insurance contract is a legal agreement between an insurer and an insured under which the insurer agrees to indemnify the insured against losses or damages arising from a particular event or risk The contract will identify the risks that are covered the premiums to be paid the limits of liability and any other terms and conditions
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An insurance contract is a legal agreement between an insurer and an insured The insurer agrees to pay the insured a sum of money known as a policy benefit in the event of a specified occurrence The contract will also set out the terms and conditions of the policy including how much the premium will be and what is covered
An insurance contract is a legal agreement between an insurer and an insured The contract sets out the terms and conditions of the insurance policy including the coverages offered premiums deductibles and any other relevant information
An insurance contract is a legal agreement between an insurer and an insured The contract spells out the terms of the insurance policy including what is covered what is not covered and the premiums to be paid
An insurance contract is a legally binding agreement between an insurer and an insured The contract sets out the terms and conditions of the insurance policy including the coverages and limits of liability
An insurance contract is defined as an agreement between an individual or an organization and an insurance company in which the individual or organization agrees to pay a premium in exchange for coverage against a specified risk The contract will outline the specific risks that are covered the limits of coverage and any other pertinent information
An insurance contract is a legally binding agreement between an insurer and an insured The contract sets out the terms and conditions of the insurance policy including the coverages and exclusions
An insurance contract is a legal agreement between an insurance company and an insured person The contract stipulates that in return for the payment of a premium the insurer agrees to compensate the insured person for specific losses or damages The contract also typically requires the insured person to cooperate with the insurer in order to reduce the likelihood of any losses
An insurance contract is a written or oral agreement between an insurer and an insured whereby the insurer agrees to indemnify the insured against losses arising from a particular peril The agreement may be for a fixed sum of money or it may provide for periodic payments The contract must also state the nature of the risk covered
An insurance contract is a voluntary contract between an insurer and an insured The purpose of the contract is to transfer the risk of a loss which may be financial or physical from the insured to the insurer in exchange for a premium payment
