Asset insurance is a must, providing solid protection for your valuable assets. Hopefully with this article, you have more understanding of this type of insurance and have the most appropriate decision for you.
Property insurance is a common type of insurance, which helps protect people from material real property, valuable papers exchanged for money, and other property rights. This insurance will help you avoid the risk, unexpected loss in life for your valuable assets.
2. The note on property insurance should be remembered Property insurance can bring many benefits as well as safe and effective protection for you. However, when preparing to participate in this type of insurance, you also need to take certain note to ensure your rights are implemented in the most fair.
Expertise the damage
If there are unfortunate losses, the insurer will send the person to assess the loss to determine the cause as well as the level of loss. The cost of this will be covered by the insurer. If the two parties can not agree with each other, the independent assessor.
Grounds for compensation and compensation
Once the assessor has been available, compensation must also be based on the market value of the insured property at the time, place of the loss and the extent of actual damage. The amount of compensation paid is not greater than the amount insured. In addition, the insurer must also pay the necessary and reasonable expenses to prevent losses and expenses incurred when the insured person performs as directed by the insurer.
On the form of compensation, the two parties can agree to repair or replace the damaged property or pay compensation. In the event that the agreement can not be reached, the form of compensation will be determined in cash. The insurer has the right to recover the damaged property after compensation at market price.
Regulations on safety
The insured person is responsible for the implementation of safety rules such as fire prevention and fighting as well as other regulations to ensure the safety of the insured. Insured persons may request the examination of these security conditions or ask the assurant to use the risk options.
If the insured person can not perform the required safety measures, the insurer may set a period for the insured person to do so. However, upon the expiration of the period when the safety measures are still not applied, the insurer may unilaterally terminate the property insurance contract.
In addition, the insurer shall not be liable for any compensation if the property is torn apart by natural abrasion or damage caused by the nature of the property. If you want to get compensation in this case, the agreement in advance. Valuable assets always need some protection to avoid the risk of unexpected or unexpected loss of financial loss. As a result, more and more people choose property insurance to provide solid and effective protection for themselves and their families. Here are some things to keep in mind when you plan to take part in property insurance.
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