1, proportional compensation method
Proportional compensation, also called liability compensation. When losses are caused by an insurance accident, the compensation amount shall be calculated according to the ratio between the insured amount and the actual value (or replacement value) of the insured property at the time of the accident, that is, the ratio between the insured amount and the loss amount is equal to the ratio between the insured amount and the actual value of the insured property at the time of the accident.
2, the first way of risk compensation
The first risk compensation method divides the value of the insured property into two parts. Part of it is the insured amount, the loss within the insured amount is regarded as the first loss, and the loss exceeding the insured amount is regarded as the second loss. The insurance company is responsible for full compensation for the first loss. The second kind of loss, that is, the loss exceeding the insured amount, shall be borne by the insured.
3. Limited compensation method
There are usually two ways to limit compensation: compensation beyond a certain limit and no compensation beyond a certain limit (insufficient compensation). Compensation exceeding a certain limit means that the loss within a certain limit is not liable for compensation, that is, a deductible is specified in advance, and the insurer is not liable for the loss within the deductible. If this limit is exceeded, the insurer will be responsible for compensation.
No compensation beyond a certain limit means that the insurer is responsible for the loss within the agreed limit. No matter how much the insured suffers, the insurer is not responsible for compensation beyond the agreed limit.
4. Compensation method of fixed value insurance
Both the insurer and the applicant agree that the insured value is the insured amount. No matter how the actual value or market price fluctuates at that time, all losses are compensated according to the insured amount, and some losses are compensated according to the degree of loss. This kind of compensation is applicable to marine cargo transportation insurance, ship insurance and special insurance such as priceless high-end handicrafts, antiques and jewelry.
Extended data:
Matters needing attention in property insurance:
1. Keep all kinds of insurance certificates properly and inform the unit or family. When applying for insurance, a copy of the insurance policy should be submitted to the relevant personnel or family members of the unit for preservation as soon as possible. At the same time, insurance policies, premium invoices and various insurance certificates should be stored in safe and reliable places.
2. The insured has the obligation to protect the safety of the insured property. Article 5 1 of the Insurance Law stipulates: "The insured shall abide by the state regulations on fire control, safety, production operation and labor protection and safeguard the safety of the subject matter insured." After the insurance, the insurance bears an unshirkable responsibility for the safety of its own property.
3. Renew the insurance on time. Article 14 of the Insurance Law stipulates: "After the insurance contract is established, the insured shall pay the insurance premium as agreed; The insurer began to bear the insurance liability according to the agreed time. " Therefore, the insured must be clear about the provisions of the insurance contract on the relationship between the delivery of insurance premiums and the entry into force of the insurance contract.
4. The insurance company shall truthfully inform the change of the insured object. Article 52 of the Insurance Law stipulates: "If the risk of the subject matter insured increases significantly within the validity period of the contract, the insured shall promptly notify the insurer in accordance with the contract." This will facilitate the insurance company to handle the correction procedures in time. Otherwise, the insurance company will refuse to pay for the insurance accident caused by the increased risk of the insured.
5. If the contents of the policy change, you need to apply to correct the contents of the contract. Article 20 of the Insurance Law stipulates: "The insured and the insurer may change the contract through consultation." For example, the insured can adjust the insurance period, property use nature, insurer, insurance amount and insurance value, and can add insurance types.
Baidu encyclopedia-property insurance compensation
Baidu Encyclopedia-Property Insurance (Basic Meaning)