Warganet – Insurance services are the services that provide protection against loss or uncertainty. These services have explained several types of insurance, such as family insurance, life insurance, car insurance, travel insurance, fire insurance, health insurance, etc.
The insurance service is a contract between the insured and the insurer, in which the insurer agrees to pay the insured damage during the incident, taking into account the regular payment of the insured person.
Insurance Meaning And Types In Hindi
“Insurance services are a social device that provides financial remuneration for unfortunate effects that will be reimbursed in the chart.”
What Is Insurance? Definition And Meaning
“Insurance Service) The insurer is a tool of individuals risk transfer, which agrees with an idea called Premium, specifically, the insured to damage.”
Important questions related to insurance services related to insurance services: Who is the insurer?
The bonus means the amount that the insured will pay the insured to receive remuneration during the injury of the insurer.
Note: The loss is paid only when it is due to the subject of policy. For example, during maritime insurance, it was harmed only when it was caused by sea risks under insurance policy.
Average Clause In Fire Insurance
First of all, faith means faith. The insurance contract is entirely based on confidence. If a person wants to get an insurance policy, he or she will have to disclose all physical facts by the insurance company (the insurer) and, on the other hand, the insurer will also disclose policies issues. Failure to disclose physical facts by both parties will make the contract abolish.
For example, if the business owner receives a fire insurance policy but does not disclose the fact that the Electricity Council has issued a warning letter to replace the factory wire, but the owner has given them all before receiving the insurance policy. If it is not completed, it is prohibited by the insurance company due to a short circle of pay for the fire incident.
The insurance policy of the insurance owner must have an insured interest in the subject. The insured should be reimbursed for financial losses if the damage to the subject is damaged to prove interest, or to have the issue in which the policy is adopted.
There is no contract for gaining insurance profits. The remuneration pays in accordance with the actual loss of the subject. For example, the owner was insured against his factory against the fire against the RS 4 Lakh, but if he suffered a real loss of 2 GEL due to the fire, the insurance company would pay it up to 2 GEL.
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Note: The principle of compensation does not apply to life insurance because we cannot evaluate the damage caused by the person’s death.
Placement means replacement. According to this theory, when the damage is paid to the insurer, the right to lose such property is transferred to the insurer.
For example, if the owner suffers from a fire due to a fire and receives the same pay, the remaining half -burnt goods are sold by the insurance company in the rupees. 10,000 and kept by the insurance company, not insured, as it has already received full pay for the loss.
Decrease means updating. The insured should take care of his property. This does not mean that if the owner receives an insurance policy, then he or she will be exempt from his responsibility to his subject matter. The insured should not be careless.
What Is Life Insurance- Life Insurance Meaning & Definition
For example, if a person seizes fire insurance against his / her business ownership and when the fire is caught, he or she must take all measures to stop the fire instead of seeing the fire, as it will be compensated for damages.
Causa’s proxima means the closest cause. According to this theory, the cause of the loss should be closely linked to the topic that has been identified in the insurance policy.
Life insurance provides financial assistance to the family after the death of the insured person. Sometimes people get a life insurance policy to obtain financial freedom in old age. Life insurance policy is very useful in both cases.
In the life insurance policy, the insured pays a certain amount of money and which is primarily about maturity or remuneration.
What Are The Coverages In A Fire Insurance Policy?
This is an agreement between the insurer and the insurer against the maritime loss. Maritime Insurance Cover: Sea danger e.g. Vessel sinking, hurricane, seizures, etc. The insured is the owner of the vessel or the owner of the goods. There are several marine insurance policies that are as follows:
The cargo is connected to the cargo of freight or cargo or crew members in the insurance vessel.
This type of insurance is related to the health of the person and his / her family. It includes medical costs related to hospitalization, disease value, nursing home fee, etc.
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Most people have any insurance: for their car, their home, or even for their lives. However, most of us do not think about what insurance is or how it works.
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Simply put, insurance is a contract presented by Polis, in which Paul owner receives financial protection or remuneration from failure. The company sends customers risks to make payments more accessible to insurance.
Insurance policies are used against the risk of financial loss, both large and small, which may be caused by insurance or their property damage, or damage or injury, damage or injury or damage or damage or damage or damage or damage or damage or damage
There are many representatives of different types of insurance policies, and virtually any individual or business can find an insurance company that wants insurance at their price. The most common types of personal insurance policies are auto, health, homeowners and life. Most of the United States has at least one type of insurance, and car insurance is required by law.
Business requires special types of insurance policies that provide specific types of risks caused by a particular business. For example, a fast -food site needs a policy that involves the damage or damage that is caused by a deep fry. The auto dealer is not subject to this type of risk, but requires coverage of injury or injury or injury that occurs during the test discs.
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There are also insurance policies for very specific needs, such as abduction and ransom (K&R), medical juveniles and vocational liability insurance, also known as mistakes and inaction insurance.
The firm firm of these concepts goes a long way to choose a policy that best suits your needs. For example, whole life insurance may or may not be the right type of life insurance for you. Three components of any type of insurance are crucial: premium, policy limit and loyal.
The policy premium is its price, which is usually expressed as a monthly value. The premium is determined by the insurer on the basis of your business risk profile, which may contain credibility.
For example, if you own some expected cars and have a reckless management history, you will probably pay more for auto policy than anyone with one average sedan and perfect management. However, various insurers may charge different bonuses for similar policies. So. (**)
