Cover note sent before the insurance policy
It is temporary in nature as it establishes a guarantee before the definitive insurance policy is issued. It certifies that your risk is covered from the date indicated and for the expected duration.
The cover note can have 2 separate objects:
it urgently guarantees a risk that needs to be fully analyzed by the insurer.
it notes the firm and definitive commitment of the insurer and the subscriber. In this case, it constitutes a provisional document pending the definitive drafting of the insurance policy.
Form of the cover note
Unlike the insurance policy, the cover note is not subject to any formally regulated conditions. It is by nature very summary and has no obligation to contain certain notices or to be entitled “cover note”.
Scope of the cover note
The information on a cover note can be very succinct, what happens if you suffer a loss during this temporary period? How to determine the exact extent of your obligations and those of your insurer?
However, the judges of the fund supremely interpret the principle according to which only the clauses brought to his knowledge are opposable to the co-contractor.
Sometimes called “general provisions”, and presented in the form of a booklet about sixty pages, they are intended to consolidate all operating rules common to all contracts, with references to the Insurance Code.
They define in particular the nature and extent of the guarantees granted, and generally include a lexicon (or glossary) explaining the terms specific to insurance.
Special Conditions (SC)
Also referred to as “special provisions”, they are in the form of 1 or 2 sheets. They are intended to personalize the contract.
They specify in particular the following elements:
- the surname and first names of the subscriber;
- the address of the insured risk;