For example, the “Statements” page of an automobile policy contains the description of the vehicle in question (for example. B builder/model, VIN number), the name of the insured person, the amount of the premium and the deductible (the amount you must pay for a claim before an insurer pays its share of a covered debt). The insurance policy is generally an integrated contract, that is, it covers all forms related to the agreement between the insured and the insurer. 10 However, in some cases, additional writings, such as letters sent after the final agreement, may make the insurance policy an un integrated contract. :11 An insurance manual states that, as a general rule, “the courts take into account all previous negotiations or agreements … any contractual clause in the policy at the time of delivery, as well as those who then wrote as political riders and notes … With the agreement of both parties, they are part of the written policy.  The manual also states that policy must refer to all documents that are part of the policy.  Oral agreements are subject to the rule of evidence and cannot be considered part of the directive if the contract appears to be a full right. Promotional materials and flyers are generally not part of a directive.  Oral contracts may be entered into until a written policy is issued.  Various provisions – Provisions that, together with declaration, insurance, exclusions and conditions, complement the insurance policy. These provisions help to define working methods for the implementation of insurance conditions. Here is an example of these provisions that are mentioned in the case of auto insurance – it is a summary of the main promises of the insurance company, and it indicates what is covered.
In the insurance agreement, the insurer undertakes to do certain things, such as paying losses for guaranteed risks, providing certain services or defending the insured in liability action. There are two basic forms of insurance agreement: the insurance contract or contract is a contract by which the insurer promises to pay benefits to the insured or, on his behalf, to a third party if certain defined events occur. Subject to the “Fortuity” principle, the event must be uncertain. The uncertainty may be either when the event will occur (for example. B in life insurance, the date of the insured`s death is uncertain) or whether it will occur (for example. B in fire insurance, whether or not there is a fire).  Conditions – The provisions of a policy that require the insured to do something or to do nothing, either before or after a loss. The insurer`s obligation to pay losses or provide services is based on the insured`s obligation to fulfill certain obligations or to prevent certain things. One of the obligations of the insured before a loss is to have applied for insurance coverage in truth. Concealment or fraud by the insured invalidates the policy. One of the insured`s obligations is, after a loss, to protect the property from further losses.
Otherwise, the insurer could be exempt from the obligation to pay the debt. Above is an example of conditions included in auto insurance.