Casualty Insurance Policy
Casualty insurance policy’ is a document that the insured will receive after the implementation of the insurance contract.
‘Casualty insurance policy’ is a document that the insured will receive after the implementation of the insurance contract. It is a document that issued by an insurance company and it could confirm that the insured will be protected under the insurance company. For example, the insured will be protected in the event of unexpected incidents such as car accident because it is an incident involved with body of the insured.
Before buying an insurance policy, the policy would need to pass a consideration by the authorities(government officer) first in order to guarantee the justice and fairness for the insured. If the insurance policy, that the insured is under, is different from the one the insured agreed on, the insured has a right to file a complaint against those inadequate(not up to standard) insurance company.For this reason, it could be said that the casualty insurance policy is in the same manner as an agreement between the insured and the insurance company.