Property and personal insurance
Pr
Property insurance.
There is a great deal of property insurance. All of them can be grouped according to the following scheme:
1. Agricultural insurance:
- Crops;
- Animals;
- Other property of agricultural enterprises
2. Motor insurance:
- Cargo insurance;
- Sea vessels;
- Aviation;
3. Insurance entities (all not included in the farming and transport insurance).
4. Personal Property Insurance:
- Buildings insurance
- Animals
- Household
- Vehicle citizens
We dominated the voluntary property insurance. Terms of insurance determines each company independently. The insurance rate:
insurance of buildings ranges from 0,1-1,0% of the sum insured,
insurance home property -1-5%
Insurance animals 5-20%
Vehicle 1-12%
property companies 0,05-8%
property 3-20% state-owned enterprises,
sea vessels 0,4-4%
aviation, cargo 0,5-5%.
Many insurance companies insurance rates are differentiated by the amount of insurance risk.
At the risk of fire – 0.7% theft – 1-2%, sewerage proryvshy 0,2-0,3%.
Current legislation prohibits the payment of insurance compensation exceeding the real value of the insured object. TA should be parallel to two identical insurance contracts. Insurance compensation will be paid only in one case (if it exceeds the real value). To control the reality of occurrence and prevention of double insurance must provide copies of the initial occurrence to the insurance company. The insurance company is entitled to a regressive risk perpetrators of loss.
To encourage insurers that carefully related to their property, some insurance companies make off of insurance rates with repeated encapsulation of insurance contracts, if in the old (previous) contracts were not lawsuits.
Now insurance companies seeking to expand the objects of property insurance: small animals, insurance, apartments, property of citizens who are in travel, monuments, jewelry and more.
Personal insurance.
By number of industries including insurance recoveries insurance personal insurance is the largest after the social. Personal insurance is divided into two pidotrasli: life insurance and accident insurance.
“Basic life insurance cases: the survival, of death (paid to relatives (vyhodootrymuvacham))
On death and loss of health
“Endowment insurance (all risks of these types of insurance). Payment of compensation is made for survival, death and disability.
“Annuity insurance – for survival, the occurrence of the specified time the insurance company pays regular payments for a specified time, including lifetime can be (additional pension insurance).
“Insurance for children (one insured person insured – a child – the other person) in case of death, loss of health, survival to adulthood (18 liters).
wedding insurance – insurance for children. Event – the marriage contract.
Accident insurance:
1. Personal accident insurance. Maybe certain categories of workers, certain professions. At the expense of the insured, voluntary insurance. The amount by which the contract is concluded, can be very large.
2. Accident insurance employees enterprise – the collective insurance at the expense of businesses, voluntary.
3. Compulsory insurance against accidents – passenger railroad Transport and several other intercity modes, also servicemen, the tax inspectorate, customs, etc.
4. Insurance kids from accidents – a refund to the expiration of the contract will not be the case if the insurance is not stepped.
Most types of life insurance is the story (except for death and loss of health and disability) – the company agrees to pay upon termination of the contract.
The risks of bankruptcy, surrender credit risk, the risk of investment.
To maintain the interest of the insured to prevent loss insurer must leave that portion of insured loss compensated (70-80% of the insurer, etc. – the insurer). Feature of insurance risk – the insured event occurs usually at the beginning of the term of the insurance contract or after the term (for example for insurance of project you first need to realize it, get results, but this time an insurer can use the premiums).
It is important to establish the optimal time for detection of financial results (to be damage or not). The insurer is interested in the longer term, because by this time could be covered damage. For insured profitable short term: no income received this month – receive compensation.