A formal writing style is not necessarily âbetterâ than an informal style, rather each style serves a different purpose and care should be taken in choosing which style to use in each case.
insured contract. A term used to specify the limit of contractual liability coverage. This term can refer to lease agreements, easement agreements, and any other agreement that relates to the insured's business.
Legal definition of insuring agreement: the part of an insurance policy setting out in basic terms what the policy covers the part of an insurance policy setting out in basic terms what the policy coversâ¦ See the full definition