Category: Insurance tips Release Date: 2006-08-01
"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 a variety of subject-matter insured insurance." This explicitly states that "Property insurance" is a broad property insurance, that is, anyone using the property or its interests as the subject of insurance, property insurance are all types of insurance. It includes a narrow sense of property insurance (usually refers to the fire insurance, inland transportation department and in insurance, as well as a variety of material objects and property insurance for the insurance), but also including agricultural insurance (crop cultivation, animal husbandry industry, the fishing industry and other kinds of insurance), liability insurance (civil damages in a variety of insurance) to ensure that insurance (breach of contract guarantees a variety of insurance), credit insurance (guarantees each other in performing all kinds of liability insurance), and so on.
The types of property insurance in China is divided into seven categories. The first in the class is a fire and other disasters, accident insurance, the main underwriting fire and other natural disasters and accidents caused by direct losses. The major domestic insurance are underwriting the whole people, collective enterprises and institutions, organizations, property, business property insurance; cover urban and rural property, family property insurance; the content and the family property insurance coverage the same, but both the nature of the family property due payback 2 Full insurance (or principal repayments family property insurance) and insurance-funded enterprises involving foreign property, the property insurance. The second type is the transport of goods, insurance, insurance of goods during transport primarily natural disasters and accidents caused property damage. Main types of insurance are underwriting the domestic water transport, land transport of goods of domestic cargo transportation insurance; underwriting of domestic air cargo domestic air transport insurance; underwriting foreign land, sea and air cargo ocean (land, air) transport cargo insurance; underwriting transported through the post office delivery International parcels parcel insurance and underwriting Yu theft, delivery Eventually, deck and other additional insurance and special insurance. The third category is transportation, insurance, insurance carriers primarily due to natural disasters and accidents caused by the loss of means of transport itself, and third party liability. The main types of insurance are covered for loss of vehicles and third party liability motor vehicle insurance policies, the ship itself and the ship collision liability insurance; underwriting machine Ao,, third party liability and passenger legal liability insurance radio insurance and other means of transport. The fourth category of engineering, insurance, key underwriting risk of a comprehensive domestic and international professional engineering caused by loss. The main types of insurance are covered all non-foreign-related civil construction is expected due to accidents and sudden losses, costs and responsibilities of all construction insurance; coverage during the installation of equipment and installation because of all the poor and other unexpected incidents losses, costs and responsibilities of Erection All Risks; cover due to design and manufacture of machinery and equipment and installation errors, labor skills and personnel to operate the errors, the centrifugal force caused by faults, boilers, water and other damage caused by the loss of machinery insurance; underwriting domestic construction units in construction projects because of disasters caused by the loss of Domestic construction and installation engineering insurance; cover the whole process of ship construction because of natural disasters, accidents, equipment failures, design errors, potential defects, removing debris and other losses and expenses and third party vessels, cargo, liability for damages to buildings caused by terminal The ship construction insurance. Fifth class is liability insurance, the main cover the insured person's civil liability for damages. The main types of insurance are underwriting the insured according to its commitment to the third party personal injury or property damages liability public liability insurance or third-party liability insurance; cover goods manufactured or sold by an inherent defect of causing users to suffer damages in product liability liability insurance; covered employer under the contract of employment law or personal injury to employees liable for employer's liability insurance; cover a variety of professional and technical personnel for work caused by negligence or fault of another person bodily injury or property damages liability professional liability insurance. The sixth is the credit guarantee insurance, the main cover a variety of credit risk. The main types of insurance are covered by warrantee failure to perform a variety of contractual obligations, the economic losses caused by right-holders a contractual guarantee insurance; insured employers by the employee's wrongful act to ensure the loyalty of economic loss insurance; cover the insured person who manufactured or sold the product quality defects or loss of use value of the liability arising from product warranty insurance; underwriting business due to the other party to the contract breach the economic losses suffered by the commercial credit guarantee insurance; cover exporters, trade contracts because the buyer did not fulfill the obligation to suffer economic losses of export credit insurance; insured investment during the period of war, strikes, government confiscation, expropriation, restrictions on the exchange status of the implementation of investment losses caused by political reasons, the investment (political risk) insurance policies. Seventh category is agricultural insurance, the main cover planting, breeding industry, the fishing industry in the production process due to natural disasters or accidents caused by loss. Main insurance insurance include rice, wheat, insurance, cotton, insurance, insurance, pigs, cows, insurance, insurance and livestock insurance and other fish.
