The agreement defines the insurer's obligation to pay the amount of insurance to the insured . For example, if the person agreed with the insurer on insurance on his house against fire amount (30000 pounds) and verify the insured risk him not be able to insured claim insured only to the extent that the amount specified agreement in the insurance contract, even if the value of the damage caused to the house later this amount, provided they do not exceed the amount of damage caused if the risk insured him.
However, specifically the Convention for the amount of insurance is not the only factor, but contribute with other factors in determining this amount, as the principle of compensation and the principle of proportionality.
التسميات
Insurance Damage