Data:2009-12-12 2:34
Category: Insurance tips Release Date: 2006-08-01
Equivalent amount of insurance, insurance, and insurance of equal value, called the equivalent of insurance. Obtain adequate protection for the insured, the full value of their property as the market price and the amount of insurance as specified in the insurance contract at the same time when the property occurs in conjunction with insurance companies can increase or decrease in change in a timely marking the contract, so that the insurance amount and the insurance value of consistent. When the amount of insurance shall be as approved by the insurance and insurance-phase close to the real value of the property in order to obtain adequate insurance cover.
Low-value insurance, insurance amount less than the insured value is called the low-value insurance. That the insured value of the property only as part of its insurance to buy insurance to protect themselves, leaving the rest owned by policyholders. Low-value insurance, the event of loss, such as the total loss only on the amount of the maximum compensation limit of insurance; the event of partial loss, the insured value and insurance according to the proportion of the amount of compensation.
Exceeded the insurance premium insurance premium insurance, the insurance value is called. When disaster losses, the insurance company only on the amount of compensation for actual loss, the excess part of the invalid, not paid at the same time the overcharged insurance premiums will not be refunded.
