A contract of insurance is a contract whereby one party undertakes to indemnify or reimburse the other for loss or damage incurred by the latter in respect of a specified subject matter
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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 and exclusions
When you take out an insurance policy you are entering into a contract with the insurer The contract is governed by the law of the country where the insurer is based This means that the legal provisions relating to insurance contracts will be based on that country’s law
An insurance contract is a contract whereby one party the insurer agrees to indemnify another party the insured against a specified loss or damage arising out of a particular event or occurrence The law of insurance contracts is based on the principle that the parties to an insurance contract are free to agree upon the terms and conditions of that contract
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 provided the premiums to be paid and the rights and obligations of both parties
A contract of insurance is a contract whereby one party the insurer agrees to indemnify another party the insured against loss or damage arising out of a particular event or risk
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 that are provided the premiums that are payable and any other relevant information
An insurance contract is a contract whereby one party the insurer agrees to indemnify another party the insured against losses arising from a specified peril The peril may be any fortuitous event such as fire theft or accident
When you take out insurance you are entering into a contract with the insurer This contract sets out the rights and obligations of both you and the insurer Among other things it will specify: – The type of insurance cover that is being taken out – The amount of cover (the sum insured) – What is not covered by the policy
An insurance contract is a contract whereby one party the insurer agrees to indemnify another party the insured against specified losses arising from an event or events The losses may be financial (e.g. loss of property) commercial (e.g. damage to a business) or personal (e.g. death or injury to an individual)
