Some of the insurance to buy wasted Insurance Tips

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

Many people, especially those who have a certain wealth, there will be an "insurance as possible, the higher the amount of insurance the better." Duplicate insurance, excess insurance, buy more medical expenses insurance, bought their children a high life insurance, are a waste of money and do acts of wasted effort; while to buy more allowances-based insurance and risk of major diseases can be obtained in the event of an accident insurance more insurance. Rational person should try to achieve "buy this at a minimum to a maximum of the most comprehensive protection of interests."

Repeat buyers property insurance may be invalid <br> on repeated more popular understanding of the 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, Mr. Wang would be their 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 the Wang 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. Way down, Mr. Wang for his repetition of the insurance actually pay has almost doubled premiums, these costs are wasted effort.
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. Such as Mr. Wang'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.
The insurance industry warned that 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 duplication of insurance, although the do not constitute insurance fraud, but it will be listed to the Insurance Industry Federation's "blacklist".

Medical expenses insurance, they do not have to buy
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 this situation: the insured person because they have a number of insurance and 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.
Therefore, 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.

Allowance type of insurance and re-insurance with no upper limit <br> allowance disease type 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 buy 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.

Children who died in the insured amount is limited <br> though 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.