Agricultural insurance

Agricultural insurance

Agricultural insurance (Insurance of agricultural products) is a type of insurance where the subject of the insurance contract are property rights, not contradicting the law, related to compensation of losses incurred by the Insured or another person designated by the Insured in the insurance contract while growing, harvesting agricultural crops and perennial plantations, growing (breeding), fattening (keeping) farm animals, poultry, rabbits, bee colonies and fur-bearing animals, growing, breeding, catching (harvesting) fish and other aquatic living resources, and other livestock products.

This type of insurance provides for the Insurer's obligation to pay indemnity in accordance with the terms and conditions of the Insurance Contract by reimbursing the Insured or another person designated by the Insured in the Insurance Contract (the Beneficiary) for the loss incurred by the Insured in connection with the damage - death (loss) of crops (plantations), death (loss), forced slaughter (destruction), traumatic injury or disease of farm animals, poultry, rabbits, fur-bearing animals, bee colonies, fish and other aquatic living resources, shortage (deficiency) of animal products, beekeeping products, death (deficiency, loss) of crops as a result of events stipulated in the insurance policy.

The terms of voluntary agricultural insurance may include insurance against fire and natural disaster risks.

Read more

Medical expenses insurance. Reference Books for the Insurance Industry

Medical expenses insurance

Medical expenses insurance is a type of insurance under which the subject of the insurance contract are property interests, not in conflict with the law, related to the life, health of the Insured or a third party (the Insured) designated by the Insured in the insurance contract with his consent, as well as medical and additional expenses directly related to the occurrence of the insured event during the Insured's or the Insured's trip(s). This type of insurance provides for the Insurer's obligation to pay indemnification in the amount of the insured sum or a part thereof in accordance with the terms and conditions of the Insurance Contract by reimbursing documented expenses incurred by the Insured or the insured person for medical and other assistance in connection with the insured event during the Insured's or the insured person's trip (journey) for the fee (insurance premium, insurance payment, insurance premium) established in the…

Read more

Insurance of issued guarantees (sureties) and accepted guarantees

Insurance of issued and accepted guarantees (sureties)

Insurance of issued guarantees (sureties) and accepted guarantees Insurance of issued and accepted guarantees (sureties) is a type of insurance where the subject of the insurance contract are property interests that are not contrary to the law and are related to losses Losses incurred by the creditor as a result of non-fulfillment (improper fulfillment) of obligations by the guarantor (surety) in the amount and within the terms specified in the guarantee (surety agreement); Losses incurred by the guarantor (surety) as a result of non-performance (improper performance) by the debtor of its obligations to the creditor to the extent and within the terms specified in the agreement. This type of insurance provides for the insurer's obligation to pay the insurance indemnity in accordance…

Read more

Legal expenses insurance - Insurance directories

Legal expenses insurance

Legal expenses insurance is a type of insurance where the subject of the insurance contract are property interests that do not conflict with the law and are related to losses incurred by the insured or another person designated by the insured in the insurance contract (beneficiary), legal expenses. This type of insurance provides for the Insurer's obligation to pay indemnification in accordance with the terms of the Insurance Contract, indemnifying the Insured or another person designated by the Insured in the Insurance Contract (the Beneficiary) for the loss…

Read more

Popular posts from this blog

What should you know about MTPL insurance?

Broad Form Personal Theft Insurance | Insurance Guides

Aircraft Owner's Liability Insurance - Guides and manuals

Medical expenses insurance. Reference Books for the Insurance Industry

Guide to multi-car insurance policies