Insurance Letters

Insurance Letters :

Insurance is a contract between two parties to which one of them called the insurer agrees to indemnify the other called the Insured against a loss which may be caused by the happening of a certain event. The contract is embodied in a document called the policy. The insurer undertakes to indemnify the insured for a consideration in the form of money called the Premium. The chief form of insurance with which a business man is concerned are (1) Life (2) Fire and (3) Marine. In recent times several other types of insurance have also come into existence.

The life insurance policies have definite purpose in connection with business in a variety of ways. When a business-man wants to borrow money, the risk that he may not live until he had repaid the loan is a most serious matter and the risk underlying there can be covered by taking insurance. There are cases where a business man could borrow, if one could be sure that he would live for a certain length of time. It may be that the person is borrowing on security of money coming to him under a contract but the contract cannot be fulfilled by him if he dies. In this case also the insurance may cover the risk. Here the form of insurance which will result in the payment of specified sum if the borrower should die will provide complete security for the loan. The life insurance policies may also be regarded as a partner his estate is entitled to receive fairly substantial sums of money from the surviving partner or partners, until the surviving partner or partners can get a new partner to come in and take the place of the deceased. In such cases there may be great difficulty in raising money and to avoid this difficulty, it is a common arrangement for the partners to insure each other’s lives.

The principal occasions for correspondence in life assurance arise when the company issues letters offering advice regarding selection of policy requesting revival of lapsed policies, discouraging surrender of policies etc., which fall within category of sales letters. Most insurance companies get these letters printed as they are more or less stereo-typed in character. The letters written in connection with life assurance must bear reference to proposal No. or policy No. as the case may be and while remitting premium, the remitter shall also state the name of the life insured, the date of the premium and whether the premium is annual, half yearly or quarterly, This will facilitate in crediting the sum remitted.

Marine insurance is of great importance to the businessman. As a result of variations in the productivity of countries and the temperament of their inhabitants goods flow in large quantities from one part of the world to the other. The volume of international trade grows and with it the demand for marine insurance. The owner of these goods aims at indemnifying himself against losses which are not covered by shipowner. The second force actuating the insured party is the desire to create conditions for the bankers, who will not finance, a transaction unless the goods are insured. Should these goods not be insured and losses occur the banker who had financed the transaction would have only personal security on which to rely. In this way marine insurance is of great importance in international trade. As both the shippers of goods and the shipowners run the risk of incurring losses on account of perils of sea to which their property is constantly exposed they would not venture upon their business unless they were protected from such losses and it is the aim of marine insurance to give them this protection. Now a days transport by land and air is also convered by marine policies.

A contract of fire insurance is a contract by which the insurer undertakes for a consideration in the form of money and subject to the conditions of contract to indemnify the insured against damage to his property by fire or lightening during the period and up to the amount specified in the contract. In this way the contract of Fire Insurance is a Contract Of Indemnity. Whenever loss by fire occurs, the insured must immediately give notice thereof to the company and must forward to it within 15 days his claim for its estimated market value at the time of the fire. The company will then send its representative or surveyor to ascertain the nature and extent of the loss or damage. Claims are usually adjusted by specialists known as Assessors or Surveyors. Disputes regarding the settlement of claims may be referred to the decision of Arbitrators, as provided in the conditions of the policy.

  1. Letter Enclosing Policy
  2. Letter of Inquiry to Surrender Policy
  3. Reply to The Letter of Inquiry to Surrender Policy
  4. Reply to The Letter of Inquiry to Surrender Policy
  5. Letter Suggesting Alternative
  6. Letter Forwarding Form of Application for Loan
  7. Letter Forwarding Form of Application for Loan
  8. Letter Asking Proof of Age
  9. Reply to The Letter Asking Proof of Age
  10. Letter Notifying Maturity of The Policy
  11. Letter for The Claim of The Policy
  12. Letter Regarding The Claim
  13. Letter Intimating Assignment of Life Policy
  14. Letter Regarding Insurance of Goods against All Risks
  15. Reply to The Letter Regarding Insurance of Goods against All Risks
  16. Letter Asking for A Fire Policy
  17. Letter from The Company Enclosing Cover Note
  18. Letter Regarding Insurance Advice
  19. Reply to The Letter Regarding Insurance Advice
  20. Letter Informing Transfer of Insured Goods to Other Premises
  21. Letter Advising Change in Premium through Transfer of Risk
  22. Letter Regarding Loss by Fire
  23. Letter Acknowledging Claim for Damage
  24. Letter Enclosing Cheque in Settlement of Claim
  25. Letter Disclaiming Liability
  26. Letter of Complaint Regarding Insurance Policy
  27. Letter Asking for Insurance of Goods in Transit
  28. Reply to The Letter Asking for Insurance of Goods in Transit
  29. Letter Enclosing A Cover Note Pending The Preparation of The Policy
  30. Letter Asking for The Issue of Floating Marine Policy
  31. Letter Enclosing The Floating Marine Policy
  32. Letter Regarding Inquiry for Open Policy
  33. Reply to The Letter Regarding Inquiry for Open Policy
  34. Letter from The Insurance Company Stating that The Floating Policy is Fully Declared
  35. Letter Making A Claim
  36. Letter of Acceptance of The Claim
  37. Letter Regarding Refusal to Entertain Claim
  38. Letter Regarding Refusal to Entertain Claim

Insurance Letters

Letter Asking A Donation
Letter Asking A Favor
Letter Asking for More Details
Letter Asking for Donations
Letter Denying of Dealership
Letter for Change of Address
Letter for Distributorship
Letter for Employment
Letter for Hotel Reservation
Letter for Letter of Credit
Letter for Line of Credit
Letter for Product Launch
Letter for Promotion
Letter for Retirement Congrats
Letter for Scholarship
Letter for Settlement of Bill
Letter for Tender
Letter for Testimonial
Letter of Agreement
Letter of Assurance
Letter of Credit
Letter of Enquiry
Letter of Order
Letter of Persuasion
Letter of Sympathy
Letter Offering Discount
Letter Related to Advertisement
Letter Related to Despatch
Letter Related to Training
Letter to A Foreign Buyer
Letter to Pen-Friend
Letter to Police
Letter with Order
Letter with Quotation
Letter Writing
Letters about Company Shares
Letters by Clubs and Societies
Letters by Landlords & Tenants
Letters for Appointment of Dealers
Letters for Business Relations
Letters for Buying and Selling
Letters for Credit & Collection
Letters for Foreign Travel
Letters for Lease & Tenancy
Letters for Loan & Borrowing
Letters for Transfer & Assignment
Letters for Insurance
Letters Noting Discrepancy
Letters of Condolence & Sorrow
Letters of Regret
Letters Regarding Maintenance
Letters Regarding Payment
Letters Related to Employees
Letters to Local Corporation
Letters to Postal Authorities
Letters to The Editor
Letters Used in Real Estate
Letters With Postal Department
Letters With Railways Authorities

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