Insurance Period
Period of Insurance (insurance duration): also known as the period of insurance. Under an insurance contract, the insurance company within the agreed time agreed upon insurance accident insurance liabilities held, the appointed time has become the insurance period. [Edit this paragraph] Basic knowledge
Property insurance normally for a year, expired may be renewed; term life insurance is divided into short-term, special period, such as life-long non-regular. Duration of insurance cover in order to calculate the calendar date of its start time and the same amount of time the contract was established, but a special agreement by the parties can begin before the conclusion of the contract, known as retroactive insurance, or after the establishment of the contract began, that is attached to period, conditional insurance. Insurance period is usually agreed upon day since Paul started at zero hour to the agreement until the expiry date of 24 hours. Duration of insurance cover can also press the matter of the circumstances leading to the duration of the calculation, such as transport insurance by voyage basis, the construction and installation project risk from the date of construction start to the acceptance date of the appointment. [Edit this paragraph] method of calculating
Insurance contracts of insurance period, usually two kinds of calculation methods:
1, with year, month calculation. If property insurance is generally a year, is renewable after the expiration of contracts with. Insurance life insurance long term, 5 years, 10 years, 20 years, 30 years.
2, to a certain period of the sequence of events for the insurance. Such as cargo insurance, transport insurance has the potential to a range for the insurance period, while the construction and installation works, on construction to date for the insurance period of appointment and acceptance. [1]