Matters needing attention in claim settlement
1. Carefully review the documents submitted by foreign buyers and the legality of the issuing agency;
2 to do a good job in investigation and study, find out the facts, and distinguish the responsibilities;
3. It is necessary to reasonably determine the extent, amount and compensation method of the loss.
There are two ways for insurance companies to claim compensation from policyholders according to insurance contracts: compensation and payment.
Compensation corresponds to property insurance, which means that when an insurance company is out of danger, it will compensate the insured for the loss based on the insured amount according to the damage of the insured property. Insurance compensation is compensatory, that is, only the actual loss is compensated, which is equivalent to the value of the damaged property at most, but never exceeds its value.
Life insurance is based on human life or body, because human life and body can not be measured by money, so the damage of life insurance to life or body can not be compensated by money. Therefore, when out of danger, the insurance company can only pay the insurance premium to the insured or beneficiary within the amount agreed in the policy. That is, life insurance pays insurance money in the form of payment.
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