Insurance
Property Insurance (Property Insurance) refers to the insured under the contract to the insurer to deliver premium, the insurer agreed upon by the insurance contract on the insured property and its related benefits due to natural disasters or accidents caused by the loss of liability insurance. Property insurance, including property insurance, agricultural insurance, liability insurance, guarantee insurance, credit insurance, etc. to the subject property or the interests of a variety of insurance for the insurance.
Property insurance, including property damage insurance, liability insurance, credit insurance and other insurance. Insurable property, including the physical form and non-material forms of property and the benefits. In material form and its associated property interests as the subject matter of insurance, often referred to as property damage insurance. For example, aircraft, satellites, power plants, large-scale engineering, automotive, marine, plant, equipment, and household property insurance. A non-physical forms of property and related interests as the subject matter of insurance, usually refers to a variety of liability insurance, credit insurance. For example, public liability, product liability, employer's liability, professional liability, export credit insurance, and investment risk insurance. However, not all of the property and its stakeholders can be used as the subject of property insurance coverage. Only in accordance with the law, in line with the requirements of property insurance contracts and related property interests, in order to become the subject of property insurance coverage.
The principle of compensation is a core principle of property insurance. It refers to property insurance, when insurance, accident, leading to economic losses of the insured, the insurance company to give the insured the economic damages to revert to being the economic situation of the insurance before the accident.
Sharing the principles of double insurance by the loss of the principle of compensation is derived. Duplicate insurance means insurance policyholders on the same subject matter, the same insurance benefits, the same insurance, accident insurance, respectively, two or more entered into insurance contracts of insurance. Duplicate insurance policyholders should be duplicate insurance the insurer informed of the situation. In the case of double insurance, when the double insurance of insurance totaling more than the insurance value of the insured person due to an accident occurs the insurance claims to several insurance companies, their damages must be apportioned among the insurers, the insured person received compensation for shall not exceed the total amount of its insurance value. [Edit this paragraph] The concept of the family property insurance
Family Property Insurance is based on urban and rural residents indoors tangible property subject matter of insurance coverage. Family property insurance for the residents suffered property damage or a family to provide timely financial compensation is conducive to stability and residents to ensure social stability. China's current run of the family property insurance, property insurance are mainly ordinary family and the family property Endowment insurance.
Liability under the insurance policy is different from the average family disaster losses of property insurance is divided into two kinds of insurance and theft insurance.
The subject of disaster losses, including the insurance risk of the insured person's own property, hosted by the insured person's property or the insured person and the common property of others. Typically include: 1, daily mouth, bedding; 2, furniture, appliances, interior decoration materials; 3, household appliances, culture, entertainment and supplies; 4, rural households farming implements, tools, storage of agricultural products have been harvested and so on. Some families is difficult to determine the real value of the property, such as gold, silver, jewelry, jade, jewelry, antiques, old books, calligraphy and so on, these assets must be valued by the professional appraisal staff identified by the insured and the insurer, after the special agreement, to serve as subject-matter insured.
Insurance usually does not cover family property on the following: 1, losses can not be determined after the occurrence of a specific value of the property, such as money, tickets, securities, stamps, documents, account books, charts, technical information, etc.; 2, everyday life need of daily consumer goods, such as food, food, alcohol and tobacco, pharmaceuticals, cosmetics, etc.; 3, the law does not allow personal collection, custody or possession of the property, such as firearms, ammunition, explosives, drugs, etc.; 4, in critical condition under the property; 5, insurance from risk management needs, the statement does not cover property.
Family property disaster losses under the insurance liability insurance include: fire, explosion, lightning, hail, floods, tsunamis, earthquakes, landslides, storms, falling objects, such as the air is running a series of natural disasters and accidents. For the insured person to prevent disasters and expenses in advance the costs of prevention, the insurer in principle, compensable; But in a disaster after the accident, in order to prevent the expansion of disaster losses, and actively rescue, rescue, protection insurance, the costs incurred by the subject, Insurers will be responsible for providing the compensation agreement.