Please enable JavaScript.
Coggle requires JavaScript to display documents.
INSURANCE (PRINCIPLES OF INSURANCE (INSURABLE INTEREST (MUST HAVE A…
INSURANCE
PRINCIPLES OF INSURANCE
INSURABLE INTEREST
MUST HAVE A GENUINE INTEREST IN THE ITEM BEING INSURED
INDEMNITY
THE INSURED PERSON MUST NOT MAKE A PROFIT FROM INSURANCE
UTMOST GOOD FAITH
HONEST INFORMATION
SUBROGATION
INSURANCE COMPANY CAN SEEK TO RECOVER THE AMOUNT PAID TO AN INSURED PERSON IN THE EVENT OF A LOSS
CONTRIBTION
IF A PERSON HAS INSURED AN ITEM WITH MORE THAN ONE INSURANCE.
loadings
age
illness
modifications to cars
if your car is parked outside
penalty points
Uninsurable risks
live by a river that is known to flood
penalties
terminal illness
if your car is parked outside
PROPOSAL FORM
IS THE APPLICATION FORM FOR INSURANCE
penalty points
PREMIUM
THE FEE PAID BY THE INSURED FOR INSURANCE
INSURANCE POLICY
IS THE INSURANCE CONTRACT BETWEEN THE INSURER AND THE INSURED
THE CERTIFICATE OF INSURANCE
PROVES THAT AN INSURANCE POLICY EXISTS BETWEEN THE INSURER AND INSURED
no claims bonus
a bonus of your insurance if you make no claims