Property guidelines are either specified hazards or all hazard guidelines. A defined danger policy defines the causes of the damage: fire, break-in, terrorism, flood, earthquake or accident. In some hazard policies, it is up to the insured to prove that the damage is caused by a certain danger. A directive covering all risks covers the damage caused by all hazards, with the exception of those mentioned as exclusions. Regardless of the evidence that the injury is covered by the insurance coverage, the insured is not obliged to prove the damage by a certain danger, but the obligation for the insurer to prove that an excluded danger is the cause of the injury. The insurance policy or contract is a contract by which the insurer promises to pay benefits to the insured or, on his behalf, to a third party if certain events occur. Subject to the “Fortuity” principle, the event must be uncertain. The uncertainty may be either when the event will occur (for example. B in life insurance, the date of the insured`s death is uncertain) or whether it will occur (for example.

B in fire insurance, whether or not there is a fire). [4] On appeal to the British Columbia Court of Appeal, all of Bulldog Bag`s actions were successful. It was insured under its policy of liability for damages suffered by Sure-Gro, including the removal of its product from the defective packaging, the disposal of this packaging and the replacement material of the packaging for sale. The damage was the result of damage to the insured`s property and purely economic damage, but was property damage and included amounts that The Bulldog Bag had to pay legally. The purpose of this document is to establish a framework for the definition of important investigations to cover losses of liability and wealth. Of course, the same insurance policy, like that of an owner, can be equal to liability and ownership. It may also be necessary to review the policy and any extensions or approvals that will be made to determine the scope of application. In Wingtat Game Bird Packers v Aviva Insurance4, coverage was granted: this is an important example of the importance of looking beyond the simple coverage and reading the entire policy to determine if the loss could be covered. “Sure-Gro`s costs of removing the product from the defective packaging, discarding this packaging and packing replacement materials for sale to Canadian Tire represent an economic loss resulting from the supply of defective bulldog packaging, in violation of the sure-Gro contract. Bulldog was legally required to compensate Sure-Gro for this loss. Bulldog is not entitled, however, to compensation for the costs of replacing its defective product, unless there has been any property damage or destruction of a material property of Sure-Gro… This case is a perfect example of the change in the law that has made homes progressive.

The words of politics are at the heart of media coverage. Insurance contracts have traditionally been written on the basis of each type of risk (for which risks have been defined very precisely) and a separate premium is calculated and charged for each of them.