For insurers, the role of the contract terms are, first, to mark the boundaries of cover in accordance with established categories of risk and thus with their data on past losses. Secondly, terms are aimed at better risk management on the part of the policyholder. Against ‘thieves that break through and steal’, for example, discounts are available to those policyholders who fit their vehicles with tracking devices or their premises with CCTV. Moreover, insurers may specify the kind of locks to be fitted on doors and windows; and, to encourage people actually to lock the doors and windows, theft cover may be conditional on forcible entry.
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