To begin with, we take all possible actions in order to minimize the amount of damage and immediately call the appropriate authorities. In the event of a fire – in the Ministry of Emergency Situations, in case of problems with the water supply or sewage system – in the service of the municipal services, when stealing – in the police.
Then within 2-3 days you need to contact the insurer, inform about the incident and follow his instructions. If necessary, you need to provide representatives of the insurance company unimpeded access to the scene for inspection.
Useful to know: the policyholder’s dictionary
- The insurer is a commercial organization established for the performance of insurance activities and having special permits (licenses) for the performance of insurance activities.
- The policyholder is a party to an insurance contract that insures its property interest or interest of a third party. Under the insurance contract, the insured is liable for paying the insurance premium to the insurer.
- Insurance contract (insurance policy) is an agreement between the insured and the insurer, by virtue of which the insurer undertakes to reimburse the insurer (or any other person in favor of which the contract is concluded) caused by the event (pay the insurance payment in the form of insurance indemnity or insurance coverage) within the insured amount (limit of liability), and the policyholder undertakes to pay the insurance premium (insurance premium).
Insurance amount the amount declared by the insured at the conclusion of the contract for which he insures his interest. The insurance amount should not exceed the real value of the insurance object.
Insurance premium (insurance premium) is a payment for insurance, which the insured is obliged to pay to the insurer in accordance with the insurance contract or the law. If you need to know more then you will be having the information from https://geoffreyjthompson.wordpress.com.
A deductible is a non-refundable part of the damage
It is considered as a percentage of the sum insured. That is, with the payment of insurance compensation, this amount will be deducted from the total amount of payment. The beneficiary is a natural or legal person appointed by the insured to receive insurance payments under the insurance contract. It is fixed in the insurance policy.
Insurance risk is an event, the offensive of which is not determined in time and space, independent of the will of the parties, dangerous and thus creating an incentive for insurance this is the risk that can be assessed in terms of the likelihood of an insured event and the extent of possible damage.