Insurance knowledge and ABC finance and investment treasure Insurance Tips

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

1 extension Insurance: In the long-term life insurance, the policyholder can not continue due to special reasons, but are not willing Contributions interruption insurance, you can apply for extension of insurance to the insurance company. That is, no changes to the original death insurance payments to the policy accumulated cash value to pay premiums, so that the contract continue to be valid to a certain time.

2, Special: also known as the special agreement, in order to expand or limit the liability insurance by the insured and the insurance company have agreed that an insurance policy is attached to the special agreement or terms.

3, observation period: in the medical insurance, the insurance company in order to avoid ill insured person insured, and they agreed to take on a responsibility in before the insured person must wait for some time.

4 Deductible: also known as the deductible, in the medical insurance, the insurance companies in order to avoid the waste of medical expenses, agreed as part of medical care borne by the insured person.

5, preservation: insurance companies around the contractual changes, annuity or in the payment of gold and other projects carried out in service work, popular sayings, it means insurance companies to make your policy effective, in your request, but to serve you.

6, not to lose the value of provisions: also known as not to lose the value of alternatives. Means the insurer within reasonable limits, to allow the insured freely dispose of their cash value insurance policies as a contractual agreement. There are three ways the insured to choose from: surrender, the cash value of the original insurance policy instead to settle their insurance, the cash value of the original insurance policy instead extended insurance.

7, pure risk: Only the loss of the opportunity, without the possible risk of profit.

8, excess insurance: insurance worth more than the underlying value of the insurance coverage.

9, repeated insurance: refer to two or two more insurance at the same state on the same property of the insured, regardless of the date of signing the insurance or insurance amounts are the same.

10, cover: When the insured meet the requirements and insurance standards, the insurer that agreed to accept a single audit coverage behavior. The insured to protect a promise by the insurer, the contract shall set up.

11, sub-standard body: insurance company, after the insured person for medical examination, combined with their occupation, living conditions, moral hazard and so on to be reviewed, that the death index exceeds a certain limit, the event can still be covered in a certain condition, that is insurance, known as "sub-standard body." However, sub-standard body the majority of the premium surcharge.

12, Subrogation: means the insurance company in accordance with the provisions of insurance contract against the insured person compensation for the losses suffered after the loss of property legally acquired to a third party responsible for the rights of recovery. That is the right insurance company to replace the insured to the property damage caused by a third party to claim compensation. Subrogation applies only to property insurance contracts, does not apply to personal insurance contracts. Zhang Wan