Tips and tricks to buy Insurance policy. vehicle insurance Introductions Insurance is a Contract, the insurance policy is a contract (generally a standard form contract) between two parties the insurer and the policy holder, gives a legal existence that 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. Insurance contracts are designed to meet specific needs or can be danger to given assets , or life and thus have many features not found in many other types of financial contracts. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer In some ca...
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