{"id":2363,"date":"2023-07-28T09:39:36","date_gmt":"2023-07-28T09:39:36","guid":{"rendered":"https:\/\/new.alfamoney.gr\/dictionary-of-insurance-terms\/"},"modified":"2024-06-25T13:01:05","modified_gmt":"2024-06-25T13:01:05","slug":"dictionary-of-insurance-terms","status":"publish","type":"page","link":"https:\/\/alfamoney.gr\/en\/dictionary-of-insurance-terms\/","title":{"rendered":"Dictionary of insurance terms"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2363\" class=\"elementor elementor-2363 elementor-765\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-478e1b3 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"478e1b3\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7778518\" data-id=\"7778518\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7624ca5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7624ca5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-fa64214\" data-id=\"fa64214\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bdbc586\" data-id=\"bdbc586\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-132a62a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"132a62a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-696f4d8\" data-id=\"696f4d8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5064e45 elementor-widget elementor-widget-heading\" data-id=\"5064e45\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-default\">Dictionary of insurance terms<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b77aed1\" data-id=\"b77aed1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-05a8b3c elementor-widget elementor-widget-image\" data-id=\"05a8b3c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"121\" height=\"7\" src=\"https:\/\/alfamoney.gr\/wp-content\/uploads\/2023\/07\/alfamoney-white-line.jpg\" class=\"attachment-large size-large wp-image-130\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cfaf343 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cfaf343\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1734101\" data-id=\"1734101\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b6597e elementor-widget elementor-widget-heading\" data-id=\"2b6597e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Useful terms regarding alfa money liability<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74ae069 elementor-widget elementor-widget-heading\" data-id=\"74ae069\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Claim<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ced31d2 elementor-widget elementor-widget-text-editor\" data-id=\"ced31d2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Any (i) written demand or (ii) claim before a court, for the reparation of \u201cdamages\u201d<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e8f364 elementor-widget elementor-widget-heading\" data-id=\"9e8f364\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Exemption<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66ffee6 elementor-widget elementor-widget-text-editor\" data-id=\"66ffee6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is the amount referred to in the Insurance Tables, which is deducted from the \u201cindemnity\u201d.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49dd456 elementor-widget elementor-widget-heading\" data-id=\"49dd456\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Indemnity<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-adbefb0 elementor-widget elementor-widget-text-editor\" data-id=\"adbefb0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is the sum for which the \u201cInsurer\u201d is liable, when the event which the insurer agreed to cover occurs (insured event). The insured is defined as the \u201cPolicyholder\u201d, and that includes his \u201cemployees\u201d, if and when they manage cases acting under the orders of the \u201cPolicyholder\u201d. The insurer is defined as the insurance agency\u2026<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d56a5fd elementor-widget elementor-widget-heading\" data-id=\"d56a5fd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Period of Insurance<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65f1c18 elementor-widget elementor-widget-text-editor\" data-id=\"65f1c18\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is the time period delineated in the Insurance Table.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-149f5ff elementor-widget elementor-widget-heading\" data-id=\"149f5ff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Insured Amount<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5bfa6e elementor-widget elementor-widget-text-editor\" data-id=\"d5bfa6e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is the monetary sum, defined by the insurance table and agreed by the insurer to be paid to its maximum amount through an insurance contract, which also states the liability of the \u201cInsurer\u201d for the duration of the \u201cPeriod of Insurance\u201d<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-679c957 elementor-widget elementor-widget-heading\" data-id=\"679c957\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Premium<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e9846e elementor-widget elementor-widget-text-editor\" data-id=\"2e9846e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is the total annual \u201cpremium\u201d stated in the Insurance Table, including expected premiums in the case of additional actions to the present.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9337472 elementor-widget elementor-widget-heading\" data-id=\"9337472\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Defense Expenses<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0441dee elementor-widget elementor-widget-text-editor\" data-id=\"0441dee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>These are the reasonable fees and expenses, incurred either by the \u201cPolicyholder\u201d or on their behalf within the context of \u201cDiscovery\u201d, adjustments, settlements or legal action in pursuit of any form of \u201cClaim\u201d as well as the justifiable fees and expenses undertaken for the defense needs of the \u201cPolicyholder\u201d, in the event that legal action is taken against them. Not included in the \u201cDefense Expenses\u201d are the Policyholder\u2019s non-mandatory expenses, the Policyholder\u2019s time value based on time charges, and any expenses not agreed to by the \u201cInsurer\u201d<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02a7730 elementor-widget elementor-widget-heading\" data-id=\"02a7730\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Documents<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03e9959 elementor-widget elementor-widget-text-editor\" data-id=\"03e9959\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>These are all the documents, of any nature, including files on computers and electronic or digitized information. This does not include any form of currency, securities or documents there of.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4baa301 elementor-widget elementor-widget-heading\" data-id=\"4baa301\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Trade Secrets<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e8b313 elementor-widget elementor-widget-text-editor\" data-id=\"2e8b313\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is information which is of either potential or actual distinct financial value, by not being commonly available and remaining directly unverified through the usual means or by third parties, which can gain financial benefits from said information\u2019s use or disclosure.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-e39605f\" data-id=\"e39605f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50573d9 elementor-widget elementor-widget-heading\" data-id=\"50573d9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Professional Services<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f952009 elementor-widget elementor-widget-heading\" data-id=\"f952009\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Damages<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8aaacc elementor-widget elementor-widget-text-editor\" data-id=\"c8aaacc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Damages are any amount which the Policyholder will be required to pay to a \u201cThird Party\u201d, pending a court decision in favor of the third party, or in accordance with a settlement, the negotiation of which will be undertaken by the \u201cInsurer\u201d with the consent of the \u201cPolicyholder\u201d. The following are not defined as \u201cDamages\u201d, and therefore are not covered by the present insurance contract: a) possible taxes which the \u201cThird Party\u201d was required to pay, b) non-monetary demands, e.g. demands concerning criminal liability, c) fines and penalties imposed upon the \u201cPolicyholder\u201d, d) costs and expenses connected with the settling of non-monetary claims, e) indemnities or expenses exceeding those provided for by the \u201cPolicyholder\u201d or f) risks which cannot be covered by insurance.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a69237 elementor-widget elementor-widget-heading\" data-id=\"8a69237\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Effective Date of Coverage<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a576e5c elementor-widget elementor-widget-text-editor\" data-id=\"a576e5c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is defined as the date on the Insurance Coverage Table. The Policyholder is defined as the contractant with the \u201cInsurer\u201d for the formulation of the insurance contract as delineated in the Insurance Table.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48be16c elementor-widget elementor-widget-heading\" data-id=\"48be16c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Property Damage<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c660765 elementor-widget elementor-widget-text-editor\" data-id=\"c660765\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is the \u201cDamage\u201d, the loss or destruction of material assets or their loss of use.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3806cd elementor-widget elementor-widget-heading\" data-id=\"e3806cd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Action or Omission<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-357e2c2 elementor-widget elementor-widget-text-editor\" data-id=\"357e2c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is any and every actual or claimed action, error, misleading statement, omission or dereliction of duty, \u201cInfringement of Intellectual Property Rights\u201d, or \u201cDefamation\u201d, according to the Code of Conduct, which might occur in the course of \u201cProfessional Services\u201d<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5552a30 elementor-widget elementor-widget-heading\" data-id=\"5552a30\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Infringement of Intellectual Property Rights<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a710ef elementor-widget elementor-widget-text-editor\" data-id=\"1a710ef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The unintentional use of a third party\u2019s copyright without their consent, apart from patents and \u201cTrade Secrets\u201d.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aaf68bc elementor-widget elementor-widget-heading\" data-id=\"aaf68bc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Additional Disclosure Period<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35ea3cf elementor-widget elementor-widget-text-editor\" data-id=\"35ea3cf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is the time period lasting four (4) years beginning from the termination of the Insurance Contract. During this period, the \u201cInsurer\u201d can be notified in writing of any \u201cClaim\u201d covered in the insurance contract brought for the first time against the \u201cPolicyholder\u201d for an \u201cAction or Omission: which took place after the \u201cEffective Date of Coverage\u201d and before the termination of the \u201cPeriod of Insurance\u201d. The written notification of the above \u201cclaim\u201d will be executed according to the parameters set by the Insurance Contract. The \u201cAdditional Disclosure Period\u201d will not take effect in the case of failure on the part of the \u201cPolicyholder\u201d to pay the \u201cPremium\u201d and \/ or the cancellation of the Insurance Contract on the part of the \u201cInsurer\u201d in the case of failure to pay the \u201cPremium\u201d on the part of the \u201cPolicyholder\u201d or any other violation of the terms of the present Insurance Contract by the \u201cPolicyholder\u201d. The \u201cAdditional Disclosure Period\u201d does not take effect if the present Insurance Contract or the insurance coverages have been replaced.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8979c46 elementor-widget elementor-widget-heading\" data-id=\"8979c46\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Personal Injury<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8bbc4a6 elementor-widget elementor-widget-text-editor\" data-id=\"8bbc4a6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This defines any injury, illness or death, and \u2013 in the case it can be causally connected with the aforementioned events \u2013 nervous breakdown, depression, stress or mental disorder.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-134c3a2 elementor-widget elementor-widget-heading\" data-id=\"134c3a2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Third Party<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef85eee elementor-widget elementor-widget-text-editor\" data-id=\"ef85eee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This defines a legal entity or natural person, separate from the \u201cPolicyholder\u201d and every legal entity or natural person which has a financial interest or an executive role in the function of the \u201cPolicyholder\u201d<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db3ed44 elementor-widget elementor-widget-heading\" data-id=\"db3ed44\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Employee<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f1da4d elementor-widget elementor-widget-text-editor\" data-id=\"5f1da4d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This defines any natural person expressly connected or connected at some point in the past, as an \u201cEmployee\u201d, within the framework of an employment contract, with the \u201cPolicyholder\u201d.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2c369a3 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"2c369a3\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bf516ce\" data-id=\"bf516ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53ad478 elementor-widget elementor-widget-heading\" data-id=\"53ad478\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">In short, alfa money stands out thanks to our:<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50d9d77 elementor-widget elementor-widget-text-editor\" data-id=\"50d9d77\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In short, alfa money stands out thanks to our:<br \/>\nExtensive experience in the management of insurance liabilities<\/p>\n<p>Discretion, tact and confidentiality in the management of liabilities<\/p>\n<p>Extensive experience in Professional Liability Insurance<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-704a4ce\" data-id=\"704a4ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-503369c elementor-widget elementor-widget-image\" data-id=\"503369c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"397\" height=\"112\" src=\"https:\/\/alfamoney.gr\/wp-content\/uploads\/2023\/07\/alfamoney-linebig.png\" class=\"attachment-large size-large wp-image-73\" alt=\"\" srcset=\"https:\/\/alfamoney.gr\/wp-content\/uploads\/2023\/07\/alfamoney-linebig.png 397w, https:\/\/alfamoney.gr\/wp-content\/uploads\/2023\/07\/alfamoney-linebig-300x85.png 300w\" sizes=\"auto, (max-width: 397px) 100vw, 397px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Dictionary of insurance terms Useful terms regarding alfa money liability Claim Any (i) written demand or (ii) claim before a court, for the reparation of \u201cdamages\u201d &nbsp; Exemption This is the amount referred to in the Insurance Tables, which is deducted from the \u201cindemnity\u201d. &nbsp; Indemnity This is the sum for which the \u201cInsurer\u201d is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2363","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/alfamoney.gr\/en\/wp-json\/wp\/v2\/pages\/2363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfamoney.gr\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/alfamoney.gr\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/alfamoney.gr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alfamoney.gr\/en\/wp-json\/wp\/v2\/comments?post=2363"}],"version-history":[{"count":2,"href":"https:\/\/alfamoney.gr\/en\/wp-json\/wp\/v2\/pages\/2363\/revisions"}],"predecessor-version":[{"id":3490,"href":"https:\/\/alfamoney.gr\/en\/wp-json\/wp\/v2\/pages\/2363\/revisions\/3490"}],"wp:attachment":[{"href":"https:\/\/alfamoney.gr\/en\/wp-json\/wp\/v2\/media?parent=2363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}