Insurance
, The idea of buying insurance is a
contradiction:
You buy something that you hope you wil
never need.
But even so, you sure are glad it is there
when you need it!
, An insurance policy has:
1. Declaration page
1. Names the policyholder
2. What is insured
3. List maximum pay-out
2. Insurance agreement
1. Responsibilities of both parties (e.g. maintenance)
3. Conditions
1. Details of exactly what is covered and under what conditions.
4. Exclusions
1. What is not covered
, The idea of buying insurance is a
contradiction:
You buy something that you hope you wil
never need.
But even so, you sure are glad it is there
when you need it!
, An insurance policy has:
1. Declaration page
1. Names the policyholder
2. What is insured
3. List maximum pay-out
2. Insurance agreement
1. Responsibilities of both parties (e.g. maintenance)
3. Conditions
1. Details of exactly what is covered and under what conditions.
4. Exclusions
1. What is not covered
