Common Contracts

INTRODUCTION TO INSURANCE

Insurance Agreement • October 30th, 2023

• Contract Type
  Insurance Agreement
• Filed
  October 30th, 2023

Insurance is an agreement or transaction whereby a party called the insurer undertakes to indemnify the other party called the insured in the event of a loss. Insurance is an agreement between the insured and the insurer, where the insurer agrees to compensate the insured in the event of a loss.