In the context of insurance documents, what is commonly measured by the term "object of contract"?

The term "object of contract" in the context of insurance documents refers specifically to the risks that are covered by the insurance policy. This encompasses the subjects or events for which the insurer provides protection against financial loss. For instance, in a home insurance policy, the object of contract would relate to perils like fire, theft, or water damage, which the policy is designed to cover.

Understanding this concept is crucial as it delineates the scope of coverage, identifying precisely what is insured and under what circumstances indemnity will be provided. Furthermore, it directly influences policy design and underwriting, as insurers evaluate the types of risks they are willing to accept.

Other options, while relevant to various aspects of the insurance policy, do not encapsulate the primary purpose of the policy itself, which is to clarify the risks covered. The premium amount, the duration of coverage, and contractual conditions are all important elements of an insurance policy but do not represent the core concept of the "object of contract."