Insurance is a contract between the indemnifier and the indemnified, where the indemnifier agrees to share the risk of the indemnified as per the terms of their contract in lieu of some consideration known as premium amount.Motor Vehicle Insurance Agreement • August 7th, 2023
Contract Type FiledAugust 7th, 2023* Under motor vehicle insurance, there a concept called third party, which denotes the risk of damage of either life or property of any person other than the parties to the insurance contract.