Insurance with Insurance Tips

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

Many who are insured when there is a misunderstanding that the "insurance as possible, the higher the amount of insurance the better." In fact, this understanding is wrong, and some insurance to buy more, while others had no insurance to buy more than lose, but a waste of money. So what insurance would pay more to buy and which insurance they can only limit to buy?

For example, repeated insurance, excess insurance, buy more medical expenses insurance, kids bought life insurance high insurance acts, are a waste of money and do exercise in futility, so that such insurance can not buy more. The allowance type of insurance and risk of major diseases can be obtained in the event of accident insurance, more insurance, you can buy more. Let us analyze in detail for everyone.

What insurance can not be repeated to buy?

1, silver lose not a Gold Wo Wo - Repeat buyers Property Insurance may be invalid

On repeated more popular understanding of insurance is that a person (or the same family members) to the family property (including houses, cars, appliances, etc.) to a number of insurance companies. Although there is no duplication strictly prohibited by our insurance, but in general the total amount of insurance compensation be limited. Under the "Insurance Law" stipulates that property insurance, the insurance company the sum of the amount of compensation shall not exceed the insured value. In accordance with usual practice, unless the parties agree otherwise, each insurance company according to their insurance rates with the proportion of the total amount of insurance liability.

For example, the Guangzhou residents Miss Cheng is a small business owner for many years, the business done over the years steadily Dangdang, the accumulation of the number of family property. To prevent accidents, Cheng will be Ms. total family assets worth 10 million respectively to A, B two insurance companies, A company underwriting the amount of 80,000 yuan, B underwritten amount of 120,000 yuan. Are made based on the foregoing, when Miss Cheng family's property a total loss occurs when the two insurance companies the total amount of compensation should be 10 million as the limit, in which the rights and obligations under the principle of reciprocity are generally A compensated 40,000 yuan, B compensated 60 thousand yuan. This down, Miss Cheng fact, his repetition of the insurance to pay almost double the premiums they receive compensation or the original value of the property.

Repeat the insurance is invalid or partially invalid key fact is that amount of insurance exceeds the sum of total insured property, without this point, it does not exist to repeat insured. Example, Miss Cheng's case, his property, if the total amount of 20 million yuan and the total amount of the loss occurred more than 20 million, then A, B two insurance companies for his family should pay the property damage.

Glossary: Repeat insurance

Duplicate insurance refers to insurance policyholders on the same subject matter, the same risk and responsibility for the same period of the insurance with a number of insurers were entered into insurance contracts. Repeating the insurance case, the insurance when the accident occurred, the insured must apply to several insurance companies on insurance compensation for a consensus, adding an unnecessary trouble. Also, insurance companies compensation is assessed in accordance with the principles of duplicate insurance compensation share of the insured person's actual loss, the insured person can not claim additional benefits. This is to prevent moral hazard and adverse selection.

Industry reminder

The insured and the repeated occurrence insurance, accident insurance, and must not Shuaxiao smart, should repeat the insurance situation to notify the insurance company, or, once identified, will be considered to be malicious to repeat the insured, although do not constitute insurance fraud, but will be set out into the Insurance Industry Federation's "blacklist".

2, Xiali lose not a Audi - auto insurance coverage can not be repeated

Like family, like property insurance, vehicle insurance, the insured must not be repeated. For example, even in a leased vehicle by the insured when the purchase price of the Audi cars to insure, in the settlement of claims in accordance with the sum insured when they can not come to lose.

"Insurance Law" 40th reads: double insurance, each insurance company shall not exceed the total amount of compensation新车购置� So, do not insure the same car more than the same car insurance. Otherwise, some of the premium is white flowers, is not without any compensation.

3, a document reported only once --- for medical expenses insurance, must not buy more

In the life insurance practice, reimbursement of medical expenses insurance will be based there is duplication of insurance because of medical expenses insurance as a compensation-type insurance, property insurance applicable to the principle of compensation, that is, the amount of insurance companies in the insurance limits, by being insurers pay the actual expenses of medical expenses insurance, which insurance compensation can not exceed the actual expenditures for the insured person's medical expenses.

But usually there is a misconception that if the insured person a number of insurance companies in medical expenses insurance, Chuxian later, the insurers should pay his insurance premiums, within limits. This is to avoid being insured because they have a number of insurance is more interested in over-treatment, their length of stay longer, medical expenses to spend more, which means profits will be more. This will not only result in a tremendous waste of medical resources in the country, but also will have various commercial insurance companies and social security health care pose a huge threat to the loss.

Thus, in terms of the insurers are explicit requirements for the provision of medical expenses to obtain the original documents as a prerequisite for compensation for medical expenses, copies of certificates or other charges shall not be entertained.

For example, private entrepreneurs Mr. Gao respectively to A, B and two of accidental injury insurance coverage health insurance, the insured amount are 10,000 yuan. One day, Mr. Gao, the accident occurred due to accident medical costs 16.8 thousand yuan. Mr. Gao hospital medical costs are fully care for themselves, on hand amounted to 16.8 thousand yuan of the invoice, he may choose to first go to an insurance company which claims, if they meet the requirements of full payment, then he will be able to start with the report to 10,000 yuan insurance premium, and then matching The invoice was the insurance company filed away, and Mr. Gao could only get the rest of 6800 yuan of the invoice to another insurance company for compensation.

Industry reminder

Trapped in this, in a number of insurance companies insuring the same time, a single type of medical expenses insurance, and is not necessary; should be money spent on knife's edge, with other benefits such as choice-based health insurance or critical-illness insurance, access to the most comprehensive protection.

4, child mortality insured amount is limited

Although life is priceless, but there is a group of the total deaths to protect the insurance industry there is a restriction, that is, children.

As the children belonging to vulnerable groups, in order to prevent moral hazard, that is, in order to prevent their parents in order to obtain high premiums resulting death of a child, so countries around the world to children who died as the payment element of the amount of insurance coverage are constrained. China's insurance law provides for the death of each child's maximum payment is 5 million yuan (Shanghai, Guangzhou, Beijing and Shenzhen, the four to 10 million), which means parents give their children to buy life insurance when the death of a child to protect the amount of the cumulative payments shall not exceed the 100,000 yuan, more than partly invalid, but merely to add insurance expenses only.

Glossary: over-insured

Over-insured is the insured and the insurance company entered into contract, the contract of insurance exceeded the actual value of the underlying insurance. Based on the principle of compensation, such insurance means the insured person to obtain a claim is at best equivalent to the actual value of the underlying insurance, the insurance amount, apparently in vain to pay more premiums.

What insurance you can buy more?

Allowance-type disease risk insurance and re-unlimited

Allowance-based insurance, also known as the subsidy-based insurance, or a fixed payment based insurance, has nothing to do with the actual medical expenses, claims are not required to provide invoices. Whether you're in the treatment of how much they got what disease, the insurance company will be subsidized in accordance with the standards stipulated in the contract payment.

For example you are buying is 100 dollars a day at the hospital to subsidize additional insurance, then the hospital is to get 100 yuan subsidy per day; if the three insurance companies to buy such insurance, then the hospital can be a total of 300 yuan allowance. Regardless of how much medical treatment, and regardless of the social basic medical insurance account, the number of reimbursed expenses, of course, does not take into account the seriousness or otherwise damages, loss of working time and other factors.

In addition to grant-based insurance can buy multiple copies without restriction other than life insurance in the major diseases, there is no duplication of insurance, the insurance amount is not capped, as long as you are willing to pay premiums, you can buy a higher amount of insurance.

Tips: Repeat way insurance claims

If you unknowingly repeat purchase insurance, the insurance company claims and how will it? The following are repeating the purchase price of medical insurance claims-based approach for reference only.

One at the same time have a social health insurance, according to the social security takes precedence over the principle of commercial insurance should be paid by the social health insurance, the insurance company for medical expenses for the remaining part of the claims.

2, for third party liability, such as traffic accidents, other injuries, etc., under the "Civil Law" requirement, it should be by a third party payment of medical expenses, the remaining part by the victim's medical expenses (such as traffic accidents to determine the book to determine 30% of the victims bear the responsibility), in accordance with the terms of the insurance claims.

3, for the employer to pay medical expenses, personal insurance, when deemed as social insurance. For the employer group insurance, and can provide reasonable compensation from the insurance company.

4, as in other insurance companies insuring the same time, medical expenses insurance, the insured person shall be issued by the insurance information of other companies, in principle, the amount to be apportioned in accordance with the insurance and assume liability insurance. As in other companies have claims, applicant is required to provide medical expenses, or a copy of the original invoice (required by the insurance company to save the original invoice issued certificates and payment of medical expenses related to the number). Of course, you can advance at another insurance company claims, according to the insured person a statement to other companies to provide relevant evidence, medical expenses, invoices or copies of, and indicate the amount of claims. Even if the insurance companies are not paid, it still indicated.

5, as in the other series the same time, insurance companies insured medical expenses insurance, in principle, the light of the implementation of Article IV. But can also be based on customer requirements, be thoroughly in any one series of claims.