6 Basic Principles In Insurance

Tutorials1927 - In insurance, there are major issues that must be taken to ensure the implementation of the insurance becomes more smoothly.

What are they? Here are 6 things to note:

1. Protected by law

The right to hold insurance between the insured person (recipient of insurance) and the insurer (insurance company) is recognized by law.

2. Honesty both sides

Honesty is an absolute must in an agreement. Honesty is related to the implementation of the insurance later.

See Also : insurance awareness

 For the insured shall provide a clear and honest about the object to be insured. For example when taking a health insurance, then the data given any illness and any disease that can be borne. As well as insurance. If you provide a complete data, then the insurance company will be more flexible in managing its customers. So when there is a claim, then the claim will be immediately liquid.

3. The obligation to pay premiums

As already said, no no insurance premium, then there is no insurance premiums. Here, the insured person must pay a premium. The insurer will provide compensation fund, especially if it occurs on the insured losses.

4. Beware of losses

The insurer of course already provides for any losses to be borne by the insured party. The insurance company will also reveal clearly.

5. Claims

If there is a loss, then the insurance company will check whether such losses in accordance with the initial agreement.

See Also : learn more about insurance

 If appropriate, then the claim will be disbursed and paid according to the agreement. Here there is the transfer of rights between the insured to the insurer.

6. Contributions

The insurer has the right to invite another person to bear together. However, this obligation to provide compensation to the insured not to be the same.

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