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Sunday, May 22, 2011

Insurance policy



The owner of an insurance policy or the insurance certificate

(Policyholder) is a person who believes his life or his property and be inpossession of a certificate of insurance. And shall be held as long as thepayment of insurance premiums due on a regular basis. And called the insurance company and insurance company insurer called Hasahabinsurance policyholder.
According to the amount of insurance premium insurance rate, which is sometimes called the premium is the amount of insurance coverageinsurance coverage.
If the delayed payment of insurance policy premiums may lose their right toinsurance. This must be the owner of Bualesp insurance this fully carry out its duty to the insurance company to pay the full insurance coverage withoutprocrastination. May be the owner of the insurance policy right to terminate the insurance contract before the date of maturity, but that offered by a substantial loss, since the insurance company would not respond to what he had paid the whole of the premiums, but reserves for itself the extent of it.
But contracts for life insurance for example, provides an opportunity to drophis insurance policy to pay premiums for a short period in the event ofunemployment policy, for example, that the re-payment of premiumsBalentzam after returning to work. This is done in agreement with theinsurance company, and this procedure leads to reduction of coveragebecause the insured for the period that did not get the premiums

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