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Summary In depth Business Insurance notes meant for EVERY course and field $5.68   Add to cart
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  3. Central University Of Technology (CUT)
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  5. Somatology

Summary

Summary In depth Business Insurance notes meant for EVERY course and field
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  • Course
  • Somatology
  • Institution
  • Central University Of Technology (CUT)

This is a detailed Insurance summary. Everything you need to know about what insurance really is. From definitions, explanations, and examples about the different types of insurance, financial risks, assets, requirements, etc. This document will teach you everything you need to know about Insurance...

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Document information

  • November 7, 2022
  • 17
  • 2021/2022
  • Summary

Subjects

  • business
  • business studies
  • accounting
  • insurance
  • insurance notes
  • insurance policy
  • insurance agreement
  • insurance contract
  • what is insurance
  • introduction to insurance
  • type of i
  • different kids of insurance

Written for

  • Central University of Technology (CUT)
  • Somatology
All documents for this subject (10)

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KarlaKay

Content preview

Insurance

, The idea of buying insurance is a
contradiction:
You buy something that you hope you wil
never need.
But even so, you sure are glad it is there
when you need it!

, An insurance policy has:
1. Declaration page
1. Names the policyholder
2. What is insured
3. List maximum pay-out

2. Insurance agreement
1. Responsibilities of both parties (e.g. maintenance)

3. Conditions
1. Details of exactly what is covered and under what conditions.

4. Exclusions
1. What is not covered

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