If a person covered by a contract of insurance Risk has been implemented, both contracting parties, the Insurer as well as the policyholder, rights and obligations. These arise, amongst other things, from the Insurance Contracts Act. As soon as the policyholder If a person reports a claim to the insurance company and thereby seeks compensation, they are obliged to provide verifiable evidence of the full extent of the loss.

 

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.