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Translation of Insurance Policies and Statements

In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for payment, known as the premium, the insurer pays for damages to the insured which are caused by covered perils under the policy language. Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies.

The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. In some cases, however, supplementary writings such as letters sent after the final agreement can make the insurance policy a non-integrated contract. One insurance textbook states that "courts consider all prior negotiations or agreements ... every contractual term in the policy at the time of delivery, as well as those written afterwards as policy riders and endorsements ... with both parties' consent, are part of written policy". The textbook also states that the policy must refer to all papers which are part of the policy. Oral agreements are subject to the parol evidence rule, and may not be considered part of the policy. Advertising materials and circulars are typically not part of a policy. Oral contracts pending the issuance of a written policy can occur.

Turkish Translation Services has deep experience in the field of financial services from banking, e-banking and insurance to asset management.

Financial translation is a complicated task. Beyond doubt, different areas of expertise within finance have their own linguistic expressions. Turkish Translation Services carefully gathers the most suitable team of translators, proofreaders and editors for each project of each client.

Editors and proofreaders working for Turkish Translation Services work meticulously to find errors on translations so that they can be amended before any damage occurs.

This prudence for details is why many of our clients, including several international investment and retail banks, entrust us with their important financial documents to be translated on a regular basis.

Turkish Translation Services is deeply experienced and fast in delivering high quality financial translation services.

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