6 Basic Principles in Insurance
In insured, there are things that must be considered for the implementation of insurance becomes more smoothly.
What are they? Here are 6 things to note:
1. Protected by law
The right to insure between the insured (the recipient of the insurance) and the insurer (insurance company) is recognized by law.
2. Honesty of both parties
Honesty is an absolute thing in a covenant. This honesty is concerned with the implementation of insurance in the future. For the insured must provide a clear and honest information about the object to be insured. For example when taking health insurance, then given the data what are the illnesses suffered and what are the diseases that can be borne. Likewise with insurance losses. If providing 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 a premium
As already said, no premium no insurance, then there is no insurance premium. Here the insured party must pay the premium. On the insurer will provide compensation fund, especially if the loss occurs to the insured.
4. Beware of losses
The insurer of course has given any loss for the insured to be borne. Insurance companies will also reveal clearly.
5. Claim
If there is a loss, then the insurance company will check whether the loss is in accordance with the initial agreement. If appropriate, the claim will be disbursed and paid accordingly. Here there is a transfer of rights between the insured to the insurer.
6. Contribution
The insurer has the right to invite other insurers to bear together. However, this obligation to compensate the insured does not have to be the same.
What are they? Here are 6 things to note:
1. Protected by law
The right to insure between the insured (the recipient of the insurance) and the insurer (insurance company) is recognized by law.
2. Honesty of both parties
Honesty is an absolute thing in a covenant. This honesty is concerned with the implementation of insurance in the future. For the insured must provide a clear and honest information about the object to be insured. For example when taking health insurance, then given the data what are the illnesses suffered and what are the diseases that can be borne. Likewise with insurance losses. If providing 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 a premium
As already said, no premium no insurance, then there is no insurance premium. Here the insured party must pay the premium. On the insurer will provide compensation fund, especially if the loss occurs to the insured.
4. Beware of losses
The insurer of course has given any loss for the insured to be borne. Insurance companies will also reveal clearly.
5. Claim
If there is a loss, then the insurance company will check whether the loss is in accordance with the initial agreement. If appropriate, the claim will be disbursed and paid accordingly. Here there is a transfer of rights between the insured to the insurer.
6. Contribution
The insurer has the right to invite other insurers to bear together. However, this obligation to compensate the insured does not have to be the same.
