Policy Subscription

The insurance policy is the contract and legal document, which contains the rights and obligations between the Insurer and the Insured or Policyholder. In this contract, the Insurer is obliged to fulfill the payment of a damage given the conditions stipulated in the insurance policy.

It is the company that assumes the coverage of risks that are the object of this contract and guarantees the payment of compensation in case of losses.

It is the juridical or legal person who signs the insurance contract.

It is the juridical or legal person on whom the insurance is stipulated.

It is the juridical or legal person who is owner of the right to the indemnity of the insurance.

Is the price of the insurance.

It is the commitment assumed by the Insurer to pay an indemnity to the Insured. It is limited to the insured amount agreed in the insurance policy

It is the value attributed by the Policyholder to the goods covered by the policy. In case of a loss, it constitutes the maximum limit of the indemnity that the Insurer must pay.

It is an accidental, unforeseen and unexpected event, on an insured fact that is contemplated in the insurance policy, where the Insurer is obliged to indemnify, totally or partially to the Policyholder or Insured, the insured amount of the coverage.

Some products are usually traded with a loss franchise. It consists of the part of the damage that is in charge of the insured. It can be a fixed amount or a percentage of the total insured amount.

What is the most suitable coverage for me?

A consultant producer can provide you with all the necessary information so that you can safely contract this product or the one that best suits your needs.

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