Insurance Works On The Principle Of – There are many types of insurance and basic species; Life Insurance or Personnel Insurance, Real Estate Insurance, Ship Insurance, Fire Insurance, Liability Insurance and Warranty Insurance. Insurance is classified according to risk, type and dangers.
Life insurance differs from other types of insurance in the sense that insurance life is a person’s life expectancy.
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The insurer pays a fixed amount of insurance at the time of death or after a certain period.
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This prohibition provides family protection in the event of premature death or offers an appropriate amount of old age if the merit capacity is reduced.
Insurance is not only a form of protection, but also a certain investment, as a certain amount can be returned to the insured person after the death or at the end of the insurance period.
Firefighters and maritime insurance are strictly called property insurance. The engine, theft, loyalty and mechanical insurance also cover the protection of responsibility to some extent.
The most important form of liability insurance is loyalty insurance in which the insurer compensates for losses if he is paid to the third party.
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As part of real estate insurance, persons’ assets are insured against certain risks. This risk may include fire, sea risk, theft, property violations and accidents.
Sea dangers include collision with rocks or other ships, enemy attacks, fire and pirate catching. These dangers may injure, destroy or disappear from a ship, cargo and non -payment.
Before that, only a certain nominal risk was insured, but now the marine insurance volume was divided into two parts: ocean maritime insurance and Domestyle Maritime Insurance.
The Ocean Marine Insurance includes only the sea, and maritime insurance includes a country country, which may be due to the delivery of the insured person at the time of delivery.
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In the absence of fire insurance, fire losses would increase not only to individuals but also to society as a whole.
The ban on fire brigade protects people from such losses and ensures that their real estate, business or industry remains in a similar position from losses.
Fire insurance not only includes direct losses, but also offers subsequent losses such as war risk, turbulence and unrest.
General insurance also includes liability insurance under which the insured person must damage the property or remuneration for a person’s injury or death.
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This type of insurance can be seen in forms such as loyalty insurance, car insurance and machine insurance.
Social security offers protection of weaker parts of society, which is unable to pay for reasonable insurance premiums.
Personnel insurance includes human life insurance, which can suffer losses due to death, accidents and diseases.
Real estate insurance includes property and public property from damages due to fire and sea risks. It also includes harvesting from an unexpected recession, animals engaged in business, loss of machinery and theft of property and goods.
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The insurance guaranteed includes losses caused by the dishonesty, extinction and infidelity of employees or second parties, which are involved in the contract.
The party. For example, in export insurance, the insurer compensates for losses if importers do not pay debt.
Examples of such insurance are export credit insurance, civil servants insurance, etc., where the insurer guarantees the payment in a particular case.
Property, goods, machines, furniture, cars, valuable products, etc. Can be insured against damage or destruction of accidents or theft.
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There are different types of assets that include not only property insurance but also liability insurance and human violations.
The insurance company plays a crucial role in the complex world of financial security and risk management. This comprehensive supervisor aims to educate complex differences between different insurance contracts, which are designed specifically for life, fire and maritime insurance.
Life insurance contracts, which are certain contracts, are compared to compensation contracts that are usually related to real estate insurance.
We look at various aspects such as events, topics, premium dispersion, risk classification and more.
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The event, death in life insurance, is real, but the only uncertainty is the time when death occurs.
The event of compensation insurance (fire and maritime insurance) cannot take place at all or partially.
The subject of life insurance is life. The probability of death would increase in conjunction with age, where precautions can be taken to improve health.
Life insurance usually makes it easier to classify the risk than other insurance contracts. In the living agreement, it would be standard, non -standard and not necessary.
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A life insurance contract offers protection against spring loss and investment to satisfy age requirement.
Other types of insurance do not provide any investment because the premium paid cannot be refunded unless possible communications (dangers) occur during that period. Other types of insurance only offer protection against the loss of property damage from the insured.
Fire insurance, compensation agreement compared to life insurance, security agreement. We are investigating the differences related to the type of contract, deposits of events, a risk classification, insurance period, protection and investment elements and insured interests. This comparison will help to find out the unique features and application of the two types of insurance.
Fire insurance is a compensation agreement, which only pays losses when the fire is incurred.
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Life insurance includes a security element and investment, as a guaranteed premium can be returned in the latter case, while the fire insurance cannot be refunded any premium or any amount.
The insured interest on fire insurance shall be submitted from the date of the tender until the conclusion of the contract after the death or after the term of term.
If we compare fire insurance and maritime insurance, which are compensation contracts but serve for different purposes. Fire and Maritime Insurance Contracts in most cases are similar because both contracts are compensation contracts
We analyze aspects such as moral danger, prohibited interests, profits and evaluated guidelines. This comparison will convey a deeper understanding of these two types of insurance contracts and emphasize their unique qualities and specific circumstances in which they apply.
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The likelihood of moral danger in maritime insurance is not as much as the insurance of the fire service.
The prohibited interest must exist both on time and after the conclusion of the contract. For this reason, fire insurance policies cannot be freely attributed.
Damage must be prohibited by maritime insurance. Therefore, maritime guidelines are freely appointed.
Fire insurance policies usually do not allow that a certain amount of profit will be taxed at a time when the losses were compensated.
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Maritime policy usually enables a certain profit when the loss has been compensated.
Fire insurance policies strictly adhere to compensation training and compensate only the market value of the property during the loss (valuable amount).
The insurance world is huge and multifaceted, with many species such as life, wealth, sea, fire and more. Each type of insurance implements a unique purpose that provides protection and protection from certain risks and risks.
For example, life insurance offers families financial security for early death, and real estate insurance protects individuals and the public from the loss of fire and the sea. Understanding these different types of insurance and their appropriate features is very important to make well -based decisions on risk management and financial protection.
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In addition, the differences between different insurance contracts such as life, fire brigade and maritime insurance emphasize the complexity and diversity of the insurance industry.
While we are browsing after life uncertainties, insurance is an important measure and offers us coziness and financial stability. Therefore, it is not only useful to achieve a detailed understanding of different types of insurance, but also for essentially everyone. The principle of contribution begins when there are several insurance policies to ensure the same property.
According to the principle of contributions, if several insurance polishes insure the object itself, the insured person cannot recover his or her losses from all insurance companies. The insured person must not benefit from his insurance policy. If several insurance polishes include the same object, the insurance company pays only a reasonable part of the loss.
The contribution deposit is related to the principle of compensation, since the principle of the contribution applies only to the compensation contract, ie the general insurance policy. The contribution deposit does not apply to life insurance and personal accidents politicians because they are beneficial products, not compensation products.
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In the event of an insurance claim, when the policyholder insured the same topic with several insurance policies to the same danger, insurance companies contribute to the insured person’s claim.
How does the contribution deposit and what conditions are necessary to state the principle of deposit?
Consider a situation where Mr. XYZ insured your factory property with factory insurance 2 different
