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Agreement With An Insurance Company

By Erik. Posted in Uncategorized | No Comments »

Due to different definitions and legal decisions made available by different courts in the past and the requirements imposed by the governments of the Länder and their authorities, an insurance contract must be carefully drafted in order to be legally valid and to provide coverage as intended. This is why the insurance contracts offered to the public are standardized. Another reason is that insurance companies can only calculate competitive premiums on the basis of actuarial studies and these studies are based on certain underwriting limits and guidelines. Most insurance contracts cannot therefore be negotiated. However, the insured may request certain drivers and exclusions from the policy. .

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