Different provisions – These provisions which, together with declaration, insurance, exclusions and conditions, complete the insurance policy. These provisions help to define working methods for the implementation of insurance conditions. Below is an example of these provisions, which are cited in the case of car insurance – in 1941, the insurance industry has begun to move to the current system, in which insured risks are first generally defined as a “comprehensive risk” or “all amounts” in order to guarantee a general insurance form agreement (e.g.B. “We will pay all amounts that the insured is required to pay as damages… , then limited by subsequent exclusion clauses (e.g.B. “This insurance does not apply to… »).  If the insured wants coverage for a risk taken by an exclusion on the standard form, the insured may sometimes pay an additional premium for the approval of the policy that suspends the exclusion. The insurance contract says what it is for the insurer to cover as part of the contract. It relates to the purpose of the insurance. In the standard fire policy, the declaration and insurance are displayed together on the first page of the contract. In policies that have more than one item, such as auto insurance. B, there is an insurance agreement for each item.
It is the insurance contract that is part of a car insurance formed by an insurance contract for damage caused to cars. Car insurance generally has two themes: “liability coverage” and “car damage coverage.” An insurance policy is a legal contract between the insurance company (the insurer) and the insured, the company or the insured person (insured). When you read your policy, make sure the policy complies with your requirements and understands your responsibilities and responsibilities of the insurance company in the event of a loss. Many policyholders purchase a policy without understanding what is covered, the exclusions that remove insurance coverage and the conditions that must be met for coverage to apply in the event of a loss. SCDOI would like to remind consumers that reading and understanding your entire policy can help you avoid problems and disagreements with your insurance company in the event of a loss.