THE CONTRACT OF INSURANCE

The contract, also called a policy, is to transfer risk from one subject to another. The person who transfers the risk and the insured, the person or company that is taking over the insurer. The insurance policy is a contract under which a person is a guarantee against the possibility of an uncertain future event that will bring damage to your property, goods or their health. The existence of an insurance contract is bound to non-controllability of the event, nor by the insurer or insured. This controllability is not called alley of risk.
 Are elements of insurance contracts, among others:
• The proposal
• The policy
• The stipulation
• The beneficiary
• The insurer
• Risk
• the sinister
• The prize
• Coverage
• The lack
• Relief
• The apportionment
• The duration
PROPOSAL FOR INSURANCE
The proposed insurance contract is a document issued by the Insurance Company that specifies the range of interests in insurance contracts, the characteristics of the policy and the initial conditions of the contract. In the proposed contract also must be specified the prize that the insured must pay and the amount of compensation that the beneficiary will receive if the event happens in the proposal for insurance contract.
INSURANCE POLICY

The insurance policy is the main document that regulates the responsibilities and obligations of the parties signing the contract and consists of a document, contract, proposed by the insurance company and signed by the insured.
 The insurance policy must respect the rules imposed by law and by the body responsible for control and supervision of insurance markets, private pensions opened, capitalization and insurance.
 In some situations, especially in terms of insurance parameterized by the regulations of public agencies or by law, the insurance policy can be superseded by a valid insurance, which also dispenses the requirement of the proposed contract.
The stipulation in an insurance contract.The stipulation of the insurance contract is the person or entity that hires the policy on your own or third parties and assumed the obligation to pay the premium. The stipulation may be in the condition of the beneficiary or to indicate a third person as a beneficiary of the insurance.
In the collective insurance contracts, the stipulation is the legal entity that hires and policy conference which is vested the power of representation of the insured before the insurance company.
The beneficiary of insurance
The beneficiary of the insurance policy is the person or entity to which it is intended the amount of compensation if the accident happens in the contract of insurance. Many veces the beneficiary is also the stipulator and insured, but there are situations where the contract is indicated a third person as beneficiary.

INSURANCE COVERAGE
Coverage is the amount of money the insurer guarantees to pay to the beneficiary in the event of the occurrence. That is, with the insurance contract the insurance company undertakes to ensure coverage of an event harmful to person or property of the insured.
The insurance excess
The franchise is a value basis, the insurer shall not indemnify the case of the occurrence. It is meant relief then this value is to be borne by the insured from which goes to blame the insurance company, as stipulated in the contract.
The deductible must be specified in the contract: it can be higher, lower or absent. Well advised to assess the value of the franchise at the time of signing the insurance contract: a contract proposal may appear very convenient and at the same time can provide a higher franchise value in the occurrence of the accident.
THE DEADLINE FOR TERM INSURANCE
 This period is the period of validity of hedging guaranteed by the insurance contract, time period in which the policyholder has full validity and should be considered as a formative element of the prize value. Typically insurance contracts have a term of one year, but there are insurance companies also offer policies with a term of months, weeks and even days.
 Unless contracts with cláusola explicit in this sense, the renewal of insurance contracts is not automatic, especially in insurance policies online. Therefore, to avoid the risk of spending some time without insurance coverage, we advise you to write down and remember the day that ends cobetura the policy and if it is their intention to extend the contract, contact the insurer before the expiration of duration of insurance or request a quote to another insurance company, not to spend time discovered.

THE RISK IN INSURANCE POLICY
The risk to the insurance contract is "in the future and uncertain event in the contract, likely to cause damage. When this event occurs, the technique is called the security criticality accident. " The warranty obligations contained in the insurance, only requires the insurer to pay compensation when the risk materializes, so that this event is essential. Thus, if the contract holds certain interests against certain risks, it is necessary that they are expressly stated in the policy and indicated that the initial and final terms of duration, which occur in the event he will be compensated.

The INSURER
The insurer is the company that receives the award for insurance and that assumes the risk, or has an obligation to pay the beneficiary the compensation provided in case of accident.

The LOSS IN INSURANCE POLICY: ASSESSMENT, verification, ADJUSTMENT, SETTLEMENT

The Sinister represents the materialization of the risk, the accident is the occurrence of the event took place under the insurance contract which requires the insurance company to pay compensation to the beneficiary.
The assessment of the loss is divided into three phases:
1. First, count the damage claim, or seek the cause, nature and extent of the damage. This is done by the visitor, to consult police records or other documents and any other action that the insurer finds useful.
2. The regulation of the accident, which is to analyze whether the event is covered by the insurance policy and determine who will be the beneficiary and what value of compensation.
3. The settlement of the claim, ie the indemnity payment to the beneficiary
TERMS AND CONDITIONS

Before signing a policy, it is good to watch and read these data:
Type of insurance: this is the insurance contracted (specify the type of insurance provided by contract)
Deadline of application: you must specify the start date and end of service. In all insurance contracts should always be specified dates of the term, the beginning and end of the coverage of the policy.
Social capital and patrimony: No influence policy, and its publication is linked to legal requirements by providing information on the insurer, updated every swing.
Details of the item insured, in the case of automobile insurance, for example, be possible bonuses and related information on surveys, characteristics such as brand, year, model, board, fuel type, purpose and possible safety devices.
Insurance data: you must specify the type of coverage contracted franchise and values of each award (including optional when hired). Not to take fright when necessary, should pay careful attention to the risks excluded.
Payment methods: should be clear, with interest, the total value and number of plots.
Bold letters: to observe relevant information such as fines, penalties or obligations to the insured.
Data Broker: indispensable in case of problems or subsequent contacts.