When it comes to insurance, one of the terms most frequently referred to is the insurance policy. Actually what is the insurance policy?
Definition of an insurance policy is the insurance document that contains the agreement between the insured (customer) with the insurer (the insurance company). Thus, the insurance policy is a contract that the insurance company will cover a number of future losses that may arise on insurance customers. Sometimes, people call this insurance policy also with the term 'contract', 'contract polis', or 'certificate of insurance'.
-As written evidence for both sides (the insured and the insurer) in a deal that has been agreed upon.
-For customers, the policy means the guarantee of reimbursement from the insurance if something unexpected happens as stated in the policy. Looking for an insurance company, the policy means a premium receipt from the customer.
-For customers, the policy means the insurance premium payment receipt. With the policy as well, customers can sue the insurance company if it does not fulfill the obligations as agreed in the insurance policy.
Before you decide to buy an insurance policy, you should first know the benefits and details of the insurance product. Likewise when the policy is issued, you should carefully read their points across. Especially in the following sections.
Rights and obligations of the customer and the insurance company. In this section, you have to look at the rights and obligations as agreed. If not, you can ask the insurance company to change it.
-Note the premiums. Also mentioned in the policy premium to be paid. Make sure that the premium payment system as previously promised by the insurance agent.
-Insurance benefits. On the insurance policy clearly stated what are the benefits that you can receive. You need to study them carefully to ensure that you can match the benefits they've promised.
-See exceptions. You need to also understand what are the exceptions that make insurance benefits can not be enjoyed.
If you already have an insurance policy, there are some important things you need to keep well.
Policy number. When dealing with the insurance company, you will usually be asked about the policy number. Because it's very good for you to keep the policy number. For example, you can save the policy number on the phone. So if at any time it takes, you can easily find it.
Save the policy file. Keep the insurance policy carefully. So that if you need can be easily retrieved.