The basic principle of insurance | Basic insurance is important to read !!!

The basic principle of insurance | Basic insurance is important to read !!!

Welcome, insurance principle will be the topic this time. The 6 insurance principle. so that we obtain the maximum insurance benefit we need to understand the basic principles of insurance. and consists of 6 parts:

1. The interest that can be insured, the insured person has an interest in the insurance object if he really suffered a financial loss for the calamity of the object insured. thus, the insured person is entitled to file an insurance claim.

2. good faith, utmost good faith that the prospective insured party must give a detailed explanation about the object threatened risk insurance. on the other hand, insurance companies provide a description of the risks that can be insured and risks can not be insured, all the requirements that must be completed in the insurance program, as well as obligations to be performed by the insured person.

3. The dominant cause, which is the dominant cause that led to the events merugiakan sought or traced, because there may be an event that occurs in the events related.

4. The loss compensation, ie compensation for losses certainly enough to restore the financial position of the insured person as the financial position before the risk of adverse happens. examples of indemnity insurance.

"Imuel mengansuransikan car worth $ 75,000 at one time lost due to stolen car imuel urang, how much compensation claims received imuel if there are three of the following conditions.

~ The market price of the car when it amounted to $ 75,000

~ The market price of the car when it amounted to $ 60,000

~ The market price of the car when it amounted to $ 80,000.

~ If the market price is equal to the value of the insurance, compensation claims received by

answer:

the amount of compensation claims received by imuel any conditions, among others:

~ If the market price is less than the value of car insurance, compensation claims received by the market price is $ 60,000 car ~ if the market price is equal to the value of the insured, compensation claim received by the market price or value of the insurance is $ 75,000

~ If the market price is greater than the value of the car insurance claims received compensation amounting to $ 75,000

That example car insurance, car insurance in three instances.

5. subrogation, which demanded the transfer of rights to the insurer by the insured party on the occurrence of mistakes made by third parties.

6. The contribution, which is insured jointly by several insurance companies against similar property owned by the insured person. The following is an example of the application of the principles in the insurance contribution.

example:

Companies imuelputera insure building factory worth $ 500,000 to the two insurance companies are insurance companies USAINS $ 300,000 and the company Uinsured $ 300,000, at one time the company imuelputera unfortunate, the factory burned to the ground so that the company is entitled to make a claim for compensation to the insurance company. how much compensation claims received by the company imuelputera?

answer:

usains company $ 300,000, the company uinsured $ 300,000, the amount of $ 600,000

The maximum amount of compensation claims received from the insurance company as follows.

usains company $ $ 300,000: 600,000 x $ 500,000. equal to $ 250,000.

uinsured company $ 300,000: $ 600,000 x $ 500,000. equal to $ 250,000.

thus, the amount of compensation claims received by the company imuelputera instead of $ 600,000 instead of $ 500,000 in accordance with the actual value of the factory buildings.

That's the basic principle of insurance described in the example, the insurance examples, the example of car insurance, the insurance principle example may add insight higher. may be useful. welcome back to imuel's blog.

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