The effect of the relativity rule on the insurance contract (a comparative study)

Abstract

At the moment, the insurance contract is one of the most important contracts, and it is also a legally enforceable agreement since it imposes considerable rights and responsibilities on the parties to the contract. The rule is based on the proportionality principle, which states that when the protected item experiences partial damage as opposed to total damage, the rule applies. The insurer is expected to compensate the insured in an amount that is commensurate to the real harm that was sustained by the insured, but the insurer is not bound to pay the entire amount of compensation that was agreed upon at the time that the contract was being executed. as well as an analysis of the significance of this rule from a legal standpoint and how it directly affects the rights and responsibilities of the parties to the contract. Some schools of comparative law have started to categorize them within the areas of legal texts that deal with insurance contracts. This research has been broken down into two parts, the first of which explains what relativity hall is and how it affects the rights and obligations of the parties to an insurance contract. This will be followed by a conclusion that includes the findings of the researcher as well as any recommendations they may have.