Combined insurance

Several insured risks are combined within a single insurance contract with uniform conditions of insurance. The combined insurance constitutes a single policy in legal terms, and therefore it is not possible to terminate individual parts (without amending the contract by mutual consent). An example of a combined insurance policy is that of household insurance where difference property damage insurance forms are combined with personal liability insurance. There is also a package insurance policy, where the individual risks are covered by separate policies, which are however offered as a single insurance product.