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An insurance agreement is the section of an insurance contract in which the insurance company precisely defines the risks for which it offers insurance coverage in exchange for premiums at a given value and interval. As a rule, the insurance agreement also lists the exclusions for insurance coverage, so that the policyholder knows the exact extent of his coverage. B) This form also insures « buildings », « equipment », « warehouse » and « contents », but only those items for which an amount of insurance is indicated on the explanation page. b. This insurance only applies to « bodily injury » and « property damage » if: in both policies, there was an extension with several dangers. This approval indicated certain extensions « which must be added without increasing the amount of insurance, and only as a result of a danger against which the insurance is insured ». The limit that, under this approval, applied to inventory and equipment at temporary sites was $25,000 for each event. « Exposure theory » and « continuous trigger theory » problems. When the insurance agreement was introduced, many believed that the purpose of the known formulation of the injury limitation in paragraphs « b », « c. » and « d. » of the insurance agreement was to limit coverage to a single period of insurance.

However, this objective has not been achieved if « exposure theory » or « continuous trigger theory » is applied to a given claim. In fact, this never seems to have been ISO`s intention. Similarly, the explanatory page of a life insurance policy contains the name of the insured person and the nominal amount of the life insurance policy (for example. B 25,000 USD, 50,000 USD, etc.). (1) favour interpretations that correspond to the reasonable expectations of the parties, provided that those expectations can be supported by the terms of the Treaty; (2) interpretations which would lead to an unrealistic result should be avoided; and (3) similar insurance policies should be interpreted in the same way. Property and liability policies are, of course, insurance contracts. In other words, the insured pays a premium and the insurer assumes a payment risk in the event of an event. The event must be uncertain and detrimental to the insured. In order for a person to be able to assert a successful claim under a policy, they must be a named or unin named insured under that policy. Liability insurance is a civil liability insurance that grants the insured a defense and compensation for liability due to the operation of an insured. This may include commercial exploitation, product liability, defamation, uninstained automobiles, and tenant liability.

The nature of liability insurance is that the loss of a third party is caused by a right, accident or event during the insurance period. This is a summary of the insurance company`s key promises and indicates what is covered. In the insurance agreement, the insurer agrees to do certain things, such as. B the payment of losses in the event of a covered danger, the provision of certain services or the agreement to defend the insured in the event of an action for damages. There are two types of insurance agreement: the two insurance contracts mentioned above relate to an insured. This means that the claim, recourse or claim for adjustment must be addressed to a natural entity or organization qualified as insured under the policy. Otherwise, the claim will not be covered. An insurer may change the language or coverage of a policy at the time of contract renewal. Endorsements and riders are written provisions that supplement, delete or modify the provisions of the original insurance contract. . .

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