The insurance policy 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 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).  Agreement insurance is required in the event of a dispute over whether or not a particular injury is covered. Both the insurance company and the policyholder should be able to determine whether damage is covered from the insurance policy. Although the insurance of the agreements is aimed at resolving these problems, differences of opinion remain on the terms of the insurance agreement. This often results in disputes in which each party presents competing interpretations of the insurance agreement. “To get an agreement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, www.merriam-webster.com/legal/insuring%20agreement. Access 6 Dec 2020. 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.
Insurance contracts are traditionally written on the basis of each type of risk (for which risks have been defined extremely narrowly), and a separate premium has been calculated and charged for each. Only the specific risks expressly described or “considered” in the directive were covered; This is why these guidelines are now referred to as “individual” or “schedule” guidelines.  This system of “designated hazards” or “specific dangers” proved untenable in the context of the Second Industrial Revolution, as a typical large conglomerate could have dozens of types of risks that can be insured against. For example, in 1926, a spokesperson for the insurance industry indicated that a bakery had to purchase a separate policy for each of the following risks: manufacturing operations, elevators, teamsters, product liability, contractual liability (for a track that connects the bakery to a nearby railway), domestic liability (for a retail store) and the responsibility of protecting owners (negligence of contractors responsible for construction modifications).  Insurance contract – indicates what the insurer is dealing with under 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.”