Category: Insurance tips Release Date: 2006-08-01
Property insurance is one of the basic categories of insurance. Insurance, property insurance, and can be divided into two separate categories of life insurance. Property Insurance is aimed at disaster incidents would be subjected to the loss of property or the benefits. Where to property or their respective interests as insurance, property insurance shall be the object of insurance.
In Ersanbainian ago, the people will take the form of property insurance compensation for economic losses to the accumulation of insurance funds, and as a business to run, from an economic solution to people suffering from accidental loss of property after the issue of compensation, which serve to protect the production and The role of a peaceful life. Initially, property insurance, property insurance is a kind of narrow, its subject-matter insured is limited to physical and material properties, with the development of commodity economy, in order to meet the insured on the insurance needs of property insurance is now included in all property-related kinds of intangible benefits such as freight, the expected benefits, rights, responsibilities, credit, etc.,. These intangible benefits are all with the property itself has a direct or indirect contact, they can not leave the property itself and exist independently. Thus, the current property insurance has become a broad property insurance. "The People's Republic of China Property Insurance Contracts Regulations," provides that "within the meaning of this Ordinance, property insurance, including property insurance, agricultural insurance, liability insurance, guarantee insurance, credit insurance, to property or interests of the subject matter of insurance types of insurance."
Property insurance is not only accidental damage to property suffered an economic compensation system, but also a behavior contract. Which they are able to compensate for the loss, because it has two features. First, mutual sex. Property insurance is underwritten by insurers focus on a number of similar dangerous threat to the composition of the insured person's insurance fund of funds, of which a small number of people suffered the loss of financial compensation, that is, one person's loss, everyone to share. As the risk of property insurance is ultimately a person to participate in shared responsibility, so the nature of property insurance with the Social Solidarity. The second is scientific, that property insurance is a law of large numbers and probability theory as the technical conditions, the insurance premiums charged by how much is science-based. Fees and charges for the great danger, dangerous small charge less. For the burden of property insurance premiums of the many people who participated in its contributions to the principle of the loss is fair and reasonable. Because with the above characteristics, property insurance in order to request security for the community to accept the person, but to play its role in the functions of economic compensation.
