
The insurance contract is the means by which the insurer undertakes, by charging a premium to compensate for an injury or pay a sum of money to verify the event specified in the contract. The insurance contract may cover all sorts of risks if insurable interest, unless expressly prohibited by the law . The contractor or policyholder of insurance, which may agree or disagree with the policyholder, for its part, undertakes to make payment of the premium, in exchange for the coverage provided by the insurer , which saves you face a greater financial loss, if the incident occurs.
The insurance contract is consensual, the mutual rights and obligations of the insurer and the policyholder, starting since the convention was held even before the issuance of the “policy” or document that reflects details and conditions of the insurance contract.
By placing an insurance contract is sought financial protection of property or persons who may in future damage.