From In-Portal Developers Guide

This section presents the key terms and phrases that you can find in the rules of insurance and other insurance documents with appropriate explanations.

Underwriter

   expert in the field of insurance, taking the insurance offered by the risks.

Beneficiary

   the person in whose favor the insurance contract (the contract is between the insured and the insurer - Ubezpieczenia Olsztyn).
   For example: the policyholder - the grandson, the owner - the grandmother wants to be the grandson of the beneficiary, as He will deal with the insurance payments. In this case legally correct as written beneficiary of grandmother and grandchild on the gene. attorney can receive insurance benefits.

Payment of Insured

   compensation, which covers damage to the insured event, which can be in one of the following forms:
   o Repairs to the STOA insurer reimbursement for calculation of the insurer;
   o payment for the calculation of the insurer;
   o Repairs to the service station of the insured;
   o payment for the calculation of an independent examination.

The actual value of the TC

   real value at the time of vehicle insurance.

Insurance contract

   agreement between the insured and the insurer, whereby the insurer undertakes, upon the occurrence of the insured event, make an insurance payment to the insured, or other person to whom a contract of insurance (beneficiary) and the policyholder agrees to pay the insurance premium on time. An insurance contract is a set of documents that fully define the terms of insurance with a particular insurer is - the rules of insurance policy, the application for insurance, vehicle inspection report, payroll, payment receipt, etc.

Insurance broker

   specialist, to mediate efforts to provide services related to the insurance contract.

Insurance agent

   official who performs on behalf of the insurer's operations to the insurance contract.

Insurance

   document, which sets out the specific terms of vehicle insurance, additional equipment, liability and insurance conditions the driver and passengers from accidents.

Insurer

   entity licensed to perform this type of insurance, the party in an insurance contract for a fee (premium) to be paid by the other party, shall assume the obligation to compensate the damage caused to the insured property, or damage to the life and health of the occupants.

Insurer

   capable natural or legal person who has entered into an insurance contract with the insurer, the vehicle, which it has lawfully.

Insurance risk

   anticipated event in case of occurrence of which is an insurance contract.

Insured event

   actually happened, provided by the contract of insurance, the occurrence of which the insurer is obliged to make an insurance payment to the insured, the insured, the beneficiary.

Sum insured

   the amount of money that is set by federal law, and (or) the insurance contract and, depending on which are set the insurance premiums (premiums) and insurance payment upon the occurrence of an insured event. The sum insured vehicle (at Hull) is determined by agreement between the insured and the insurer, but can not be higher than the actual value of the vehicle (vehicle cost of the box).

Insurance payments

   damage in monetary or material terms, which shall reimburse the insurer for the insurance event.

Franchise

   The equity participation of the insured in damages. Types of franchises: unconditional and conditional.
   Deductible - with damage below the franchise with the Company does not apply, on the wane over the franchise - insurance benefit is reduced by the amount of the franchise.
   Conditional franchise - with damage below the deductible with the Company does not apply, and the wane of higher deductibles company pays the full amount of damages.
   When using the franchise contract, the reduction factor, ie, insurance with a deductible is cheaper.