The nine most important information to know before signing an insurance contract


Insurance product are one in each of the suggests that to confront the risks that the insured could face and facilitate him in-tuned the financial burdens succeeding from it. Through the insurance policy, the insured gets protection against the risks or losses which will be incurred or caused to others by what' stipulated at intervals the terms and conditions of the insurance policy, and reciprocally the insured undertakes to pay the in agreement insurance premium.

Insurance merchandise disagree among themselves in terms of purpose and insurance coverage, but there are some basic information that the consumer ought to grasp and verify before linguistic communication the insurance contract, as follows:


1. Service provider

it' during an exceedinglyll one amongst one in each of the insurance firms authorised to possess interaction in insurance business, and so the insurer may supply its services through a third party referred to as the insurance agent, but it ought to guarantee its commitment to finish the transactions in a framework that guarantees the interest and protection of the customer, and corporations licensed to do to to thus are found by visiting the institution' site .


2. prices and costs

The insurance firm is committed to following the valuation wants set by the institution, that the consumer previously given united of the needs for approval of the number. Insurance brokerage firms ought to in addition supply the foremost effective worth quotations to the client from several companies, with associate proof of the reasons for his or her nomination for one in each of those offers.


3. the amount of amount

it' the amount throughout that the customer is entitled to induce the insurance benefits given below the insurance policy, and as a general principle the obligations of the parties to the contract finish with the tip of the amount of the contract, therefore the insured ought to ensure that the policy is revived before it expires; to verify that he continues to receive these insurance benefits.


4. Terms and Conditions

The terms and conditions of the insurance should be scan painstakingly and precisely before linguistic communication the contract, and inquire regarding all unclear things therefore on avoid any future conflict, and so the consumer could request to induce a free copy of the contract for reference at any time, further as get all the brochures issued by the company concerning the merchandise That they offer.


5. Exceptions to the policy

Attention ought to be paid to the number ceiling, familiarity with exceptional cases or damages that aren't coated by the contract, or the coverage that falls below the item of additives (expansion) that are usually further at the request of the insured, love obtaining a replacement automobile once associate accident happens against an additional fee to the insurance Comprehensive AV.


6. The obligations and rights of each party

The insurer is responsible to clarify the rights and responsibilities of every party during a} very simple and clear manner, and to answer all consumer inquiries, and so the client ought to even be accustomed to all the obligations incurred by him below the contract and ensure that he' ready to fulfill them.


7. Claims settlement procedures

The insurer clarifies the mechanism for submitting the claims and therefore the documents required for settlement, in addition to explaining the reasons for rejecting the claim at intervals the event that it' not approved.


8. Communication channels

The insurance company should disclose the addresses of the company’s offices and therefore the suggests that to contact them, love e-mail, phone number, {and therefore|and thus|and therefore} the company' website.


9. Submit and methodology criticisms

The insurance underwriter institution} provides suggests that to receive consumer criticisms and objections to the services and merchandise provided to him, so follow the procedures and measures necessary to require care of them and settle them during a} very honest and immediate manner, and at intervals the event of client discontent he can submit a complaint to the Saudi financial Agency through the "Sama cares" portal.


The insurance contract represents associate agreement between the insurance firm so the and also the consumer therefore as for the patron to induce insurance benefits proportionate in conjunction with his financial capabilities and aspirations in exchange for paying an exact amount of money, therefore the client ought to explain to scan and understand the insurance contract to grasp his rights and obligations succeeding from it, and to be ready to choose the foremost effective insurance product and preserve his rights.