Insurance is simply a legal contract between an insurer (Star Assurance Co. Ltd) and insured whereby in exchange for premium, the former promises to compensate the latter for suffering from specified potential future losses or damage.
The policy holder, insured or the caretaker of the vehicle or the beneficiary. able to add on additional.
When the peril which caused the loss was not covered under the policy or when the loss was not covered by the policy terms and conditions.
The person or entity who is paid the proceeds under the insurance policy. able to add on additional.
Everybody needs insurance. In all aspects of our daily life, at home, at work, on the street etc. we undertake risks. Insurance exists to cushion us against the financial burden that would arise should a mishap occur. Hence the need to take insurance to protect that financial loss at all material times.
Priority Insurance Company Limited provides varied insurance products tailor-made to suit your need. Click here to find out more about our products on Personal Insurance and Click here on Commercial Insurance
Selecting an appropriate insurance cover for yourself, your property or business requires professional advice. This is so because there are various policies that provide cover in various ways. Let’s know your needs first so as to advice you appropriately.
A third party is any person or entity other than the Insured and Insurer who obtains benefits under an Insurance contract.
It is a legal document which specifies the details of the insurance contract. In it the type of policy, period of insurance, the insured, the extent of cover terms and conditions among others are specified clearly. It is an evidence of the insurance contract.
A person/institution in whose name the insurance policy is written.
It is the financial compensation that is adequate to put an insured in the same financial position after a loss as he/she was before the accident. Insurers in order to indemnify an insured may at their option pay cash, repair, replace or reinstate damaged property.
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Since 1914, the New York Mutual Insurance Company has been serving policyholders – protecting businesses, mitigating losses, defending claims. Renters .
