Is a binding contract obliging the insurer (insurance company) to compensate the insured for his loss as a result of an accident covered in the insurance contract and the various ways of compensation repair or replace or pay a sum of money for a premium determined on the basis of the value of the car (market value). Types of car insurance: - - Third party insurance (civil liability to the public) - full insurance. - Third party insurance with the addition of fire and theft... Read More
The idea of marine insurance has emerged since ancient times before other types of insurance. The first Phoenicians, then the Romans, developed systems by which the voyage could be secured or protected. Lloyds has become one of the most important insurance companies in the world, with its roots in shipping and marine insurance. Types of marine insurance1- Insurance of goods Any goods loaded on any type of vehicle shall be insured for transportation from one place to another under the goods insurance policy. A variety of insurance policies are available for shipping goods as... Read More
