Course Solutions Uncategorized (Answered) : Define how the terms and conditions of an insurance contract can increase the insurability of a risk.

(Answered) : Define how the terms and conditions of an insurance contract can increase the insurability of a risk.

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:39 pm
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Define how the terms and conditions of an insurance contract can increase the insurability of a
risk.

Expert Answer

Terms and conditions of any insurance contract will explicit the coverage rate, exclusions and inclusions of the policy, term of maturity other risk factors associated with it. Thus it will give clear idea and will enable transparency to the entire process to the customers. The terms and condition if it is not clearly defined will definetely increase the insurability of risk because the chance of conflic become high, people can defend on certain clauses if that is not clearly defined in

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