An insurance contract generally consists of the following parts.
1. insurance policy
Insurance application form, also known as "application form" or "application form", is a written document for the applicant to apply for insurance, which is usually provided by the insurer. It is an integral part of the insurance contract, which is filled in, signed and sealed by the applicant.
The form of motor vehicle insurance policy is shown in figure 12- 1.
The contents to be filled in the application form include:
(1) Insurance-fill in the name of the insured unit or individual, such as the full name of the unit or individual;
(2) Brand model-fill in the name and model of the vehicle manufacturer or brand, such as Beijing BJ2020N, Jiefang CA 142, etc.
(3) Tonnage or seat-fill in the tonnage for trucks and the seat for buses, subject to the tonnage or seat approved in the driving license;
(4) The insured amount of vehicle loss insurance-the replacement value of each accident and the maximum compensation limit of third party liability insurance-shall be determined by both parties through consultation;
(7) Rate-to be filled in with the assistance of the business personnel of the insurance company;
(6) Insurance period-generally 12 months, and short-term insurance of less than one year can also be insured.
2. Insurance policy
An insurance policy is a formal insurance contract between an insurer and an applicant. Insurance matters are printed on the front of the insurance policy, including the name and address of the insured, the name of the subject matter insured, the scope of insurance liability, the amount insured, the insurance rate and premium, the insurance period, etc. The format of motor vehicle insurance policy is shown in figure 12-2. The insurance clause is printed on the back of the insurance policy, which specifies in detail the respective rights and obligations of both parties to the insurance contract.
Insurance policy is a certificate issued unilaterally by the insurer according to the application for insurance, and it is also an integral part of the insurance contract. The main basis for handling compensation when the subject matter insured suffers losses within the scope of insurance liability.
After the insurance contract is signed, it is not static. During the validity period of the insurance contract, if some insurance items change (such as the increase or decrease of the number of insured property, the change of the nature of the use of the insured property, etc.). ), the insured can put forward corresponding change requirements to the insurance company in written form, and the contents of the original insurance contract can be changed after the insurance company agrees.
In motor vehicle insurance, the transfer of ownership of the insured vehicle often occurs, such as transfer, resale and delivery. In this case, the insured should take the initiative to apply to the insurance company to correct the transfer and change its name in time, and the insurance company will issue an approval form as proof. Otherwise, because there is no insurance relationship between the new property owner and the insurance company, the insurance contract will automatically become invalid.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.