Understanding Your Insurance Policy
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hi welcome to my channel don’t forget to like comment and subscribe subscribe okay understanding your insurance full site an insurance policy is a ledger local contract between an insurance company and a policy holder it is the evidence that you are insert and is normally issued after paying the first premium as a policyholder it is important that you read and understand this will enable you verify whether it where it meets your insurance needs further reading the policy will help you understand your rights and obligation as well as those of the insurance company there are a number of terms used in an insurance policy in which I suppose size holder you need to understand and familiar familiarize yourself with the first is title of full size this section indicates the class of the class or type of policy that you are taking and also includes the name and address of the insurance company the second is the preamble sets a set out the necessary condition that must be met by the parties before the completion of an insurance contract it identifies the parties to the contract the agreement
The Proposal form the premium amount refers to the policy schedule any report or other document relating to the both site policy terms and condition compensation even The Happening of the insert even and the zoom insert the third is policy schedule outlines your name and address type of full site taken the power sign number your business or post profession that of com commencement of cover period of insurance sums a shared premium amount and proficient for Signature of the insurance companies authorized official it also contained cover limits defining the highest benefits payable in case of a loss the the fourth is definitions definition the term used in the pulsai document this section is very important and is meant to guide you in understanding your profile you are required to refer to refer to it when reading the power sign benefit describes the type of benefits the bullseye will pay in the event of a loss this include tough burglary debt disability surrender and majority benefit among others and then both site exclusions exclusion are risk
the insurance company is not prepared to cover under the policy examples include HIV or Aids riot intake of illegal drugs and alcohol and were among others some insurers however a lowball side holders to buy back some of the exclusions by paying additional premium policy conditions these are rules guiding the both sides such as how to revive a website policy surrendering a bonsai Rose guiding pulse Islands lots of birthday document 30 of disc posture and pulsaic cancellation and termination and then signature and attestation this section contains a place for the signature of the insurance companies authorized officer and the police halter signature you are required to sign this part of both the policy only when satisfied with the policy you have a maximum of 30 30 days also known as the cooling of period within which you can decide to sign or refuse the sign of the full size many buyers of insurance sign policies we thought understanding it terms and proceed to keep it safely only to purchase it at the time of a loss this is dangerous and is synonymous with using with using a driving license to which you have not abandoned your signature and was expired that you don’t know not that different bottles size have different terms and the one height highlighted here are common to most insuranceable size in case you don’t understand any term in Europe outside conduct your insurance again medical insurance provided in certain company or IRL for further curtains thanks for watching see you bye
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