PICC P C insurance companies should abide by three principles Insurance Tips

Category: Insurance tips Release Date: 2006-08-01

At present the insurers introduced a wide range of home property insurance varieties, many of fiscal insurance companies are also in the basic property insurance on the basis of the family has developed a new comprehensive insurance varieties, more and more extensive coverage, which covers housing Housing appendages (including private garages, rooftop, etc.), home furnishings and apparel, furniture, household appliances and cultural and recreational supplies.

Due to fire, explosion, natural disasters or other malicious destruction of property caused by such factors as loss or rescue expenses, insurance companies will be compensated accordingly. In addition to the primary insurance, individual insurance companies, additional insurance is also abundant, such as Daoqiang Xian, cash and gold and silver jewelry Daoqiang Xian; pipeline rupture and watermarks the responsibility for compensation for water pipes, water pipes, heating pipes or radiators sudden rupture caused by water spills or leakage neighbors bring disaster to the subject of losses caused by the insurance, almost a family includes all losses that may occur. In this case, there are more and more and more investors to join the ranks of the insured property insurance companies. So, to buy home property insurance policyholders should pay attention to what the problem? Industry experts told reporters that the purchase of property insurance companies, first of all should be clear the following three principles.

The principle of one: the insured and the subject matter has an insurable interest

According to industry sources have told reporters in the family property insurance, the insured and the participation of PICC P & C insurance companies should be made between the subject matter of some interest, under normal circumstances, including three conditions: that the subject-matter insured has ownership, possession stipulated in the contract or the benefits derived.

Ownership is generally targets all things, whether property is individually owned, or with the people there, all have an insurable interest. The possession of the property include responsibility for the safety of persons, such as a storekeeper on the customer's goods, has a lien on the property (due to debt would be another thing retention own Department) people. Stipulated in the contract refers to the benefits derived from the main housing tenant, to lease the housing has a certain insurable interest.

Principle 2: the insured can not receive additional benefits

According to report, property insurance home insurance compensation for mainly by the full compensation principle and practice posed by the principle of compensation. Full compensation is to be insured under the insurance contract because of the risk of accidents caused by the economic loss by way of compensation for insurance compensation.

The actual principle of compensation is an insurer for compensation for the insured person shall not exceed the insured person's actual loss, the insured person can not be because of the insurer's compensation additional benefits. The specific content of the actual principle of compensation include the following points:

First of all, the insurer's compensation is to restore the insured person's actual loss, this is the actual core of the principle of compensation. The insured person to obtain compensation for the property must meet three conditions: one, the insured person's insurance against the loss of the subject with practical insurance benefits. Second, the reasons for subject-matter insured losses under the insurance contract must be within the scope of insurance liability. Third, the losses must be able to be measured in monetary terms.

Secondly, the insurer the right to choose for the insured person's compensation. Insurers who can meet the purpose of damages, compensation can be the right to choose the specific methods, such as the currency of payment, repair and replacement and so on.

Third, the insurer for the amount of compensation limit control. Insurers in dealing with compensation for property insurance application, when it comes to the actual loss, the insurance amount and the insurance interests of the comparison, select the smallest amount of real money compensation for the ultimate control over the party limit.

Finally, the insured person can not be compensation for extra profit.

Principle 3: Insurance companies have the right to claim those responsible

Insurance home insurance provisions will specify the insurance companies have subrogation rights. It is understood that subrogation mainly refers to when the insurance accident was caused by a third party cases, the insurer in first discharge the liability of the insured person after the amount of compensation within the framework of the right to replace the insured person to a third party for compensation.

Under normal circumstances, the insurance company a "subrogation" There are three prerequisites: a third party for the losses caused by subject-matter insured must comply with the provisions of the insurance contract insurance coverage; the formation of liability insurance must be caused by a third party; insurer must first carry out the liability of the insured person. Insurer in the exercise of subrogation rights in the process of access to in excess of the insured person to discharge its liability in the amount must be returned to the insured person, that is, the insurer can not be used to obtain subrogation rights beyond the actual damages borne by the responsibility of interests.