Key elements of the insurance contract
- Are those elements which, if not merge, do not allow the existence of the insurance contract:
- Insurable interest
- Insurable risk
- Premium
- The insurer’s obligation to indemnify
- Good faith
The insurable interest
For insurable interest is the relationship lawful economic value on a well . When this relationship is threatened by a risk is an insurable interest. In general you can secure all tangible property (cars, homes, businesses, etc..) And intangible (economic loss, cessation of activity, etc. ..) also can ensure the life and heritage.
So the thing is likely to be insured must meet the following requirements:
- It must be something tangible or intangible.
- The thing must exist at the time of the contract, or at least the time they begin to take the risks or damage
- The thing must be taxable cash
- The thing must be a lawful stipulation
- The thing must be exposed to miss the risk that the insured
Key elements of the insurance contract
Are those elements which, if not merge, do not allow the existence of the insurance contract:
- Insurable interest
- Insurable risk
- Premium
- The insurer’s obligation to indemnify
- Good faith
[ edit ]The insurable interest
For insurable interest is the relationship lawful economic value on a well . When this relationship is threatened by a risk is an insurable interest.
In general you can secure all tangible property (cars, homes, businesses, etc..) And intangible (economic loss, cessation of activity, etc. ..) also can ensure the life and heritage.
So the thing is likely to be insured must meet the following requirements:
- It must be something tangible or intangible.
- The thing must exist at the time of the contract, or at least the time they begin to take the risks or damage
- The thing must be taxable cash
- The thing must be a lawful stipulation
- The thing must be exposed to miss the risk that the insured
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