Classification of insurance policy terms assumes: express terms - the conditions,that are contained in the insurance policy (for example, damages must be payed during 7 days after insured accident became (more…)

Insurance arrangements mean insurance policy owner’s duty to tell only truthful facts. Thus, during factory insurance from the fire or other dangers (more…)

In case of accident insurance the insurers agree to pay the defined sum to suffered person for arm or leg loss. (more…)

Usually insurer tries to get answers of the material character facts. For example, during building insurance, there are some questions: (more…)

The first auto insurance policy was issued in the USA. In 1898 the Travelers Insurance Company has insured a auto for the first time. Now it is impossible to imagine the auto without an insurance policy on the roads of any civilized country.
Mr. Truman Martin became the first owner of the insured auto. He paid $12.25 for the auto insurance. And in the case of an accident he could get only $500. The price of the auto insurance policy was rather high. However, Mr. Truman’s wish to get the auto insurance policy was reasonable. The thing is that it was only 4000 people, who were able to buy a auto. Horses were the main kind of transport. (more…)