This type of insurance is of a compensatory, as it aims to ensure and secure the insured of adverse results on the money if the risk insured him. If the right money insured losses due to check the insured risk it, has detracted positive elements of the financial edema insured, as incumbent on the believer Reform this abridgement by compensating the insured for such losses.
As long as this type of insurance is of a compensatory rule that would require the Compensation is estimated as much damage, and therefore the amount of insurance depends on the extent to which the right of the insured damage as a result if the risk insured him.
For example, if the dealer (the insured) has entered into a contract Shop insurance with the insurance company (insurer) against the risk of exposure to the risk of fire in the contract stipulated that the maximum amount of insurance is 50,000 pounds . During the period of validity of the insurance This store is subjected to risk of h team estimated the value of the damage it had suffered $ 60,000 pounds .
Believer, in this case, does not adhere to compensate damages L. In the amount of insurance, if this amount is specified in the insurance contract (insurance policy) up to a maximum - As in the previous example - The insured committed to indemnify the insured for the damage to his money in the amount of insurance specified, even if the value of such a Dirar more than this amount.
If the value is less than the amount of damage insurance - That was in the previous example 40000 pounds and not 60,000 pounds - do not abide by the insured must be fulfilled equivalent to the value of the damage.
Committed believer, under this kind of insurance, to meet the insured or the beneficiary at the lowest values when the amount of the insurance was capped at.
التسميات
Insurance people