Anyone who successfully concludes an insurance contract subsequently receives a so-called insurance policy from the insurance company. This is an important document that you should always keep in a safe place. The following guide will enlighten you as to why the policy is so significant and what you can do if it is lost.
The most important facts in brief
- An insurance policy contains all important individual contract data and the general terms and conditions of the insurance company.
- An insurance contract taken out is not valid until the policy is received.
- Insurers are obliged to issue the document.
- In the event of a claim, you often have to show the insurance policy.
Definition: What is an insurance policy?
An insurance policy – also known as an insurance certificate – is a document that serves as written proof of a concluded contract between the policyholder and the insurance company.