Insuring Agreement

9 months ago

Insurance Glossary Team

1 minute

Plain English Definition: An insuring agreement outlines what the insurance company agrees to cover under the policy.

What Insuring Agreement really means for someone with an insurance policy

The insuring agreement specifies the insurer’s responsibilities and obligations. It lists covered perils, types of coverage, and conditions under which claims are paid.

Insuring Agreement Real World Examples

Your home insurance policy covers fire damage as listed in the insuring agreement.
An auto policy insuring agreement promises coverage for collision damage.
A health policy insures against specified medical conditions.