What is property insurance and what does property insurance mean

Property insurance refers to the insurance in which the policyholder pays the insurance premium to the insurer in accordance with the contract, and the insurer bears the liability for the loss caused by natural disasters or accidents by the insured property and its related interests in accordance with the insurance contract. Property insurance, including property insurance, agricultural insurance, liability insurance, guarantee insurance, credit insurance and other types of insurance with property or interests as the subject of insurance. Reference.

Property insurance refers to a socialized economic compensation system that takes property and related interests as the subject matter of insurance and compensates the economic losses of the insured as the basic purpose.

Property is a general term for money, property, civil rights and obligations.

Property insurance in a broad sense --- take material property as the subject of insurance.

Property insurance in the narrow sense --- take material property and related interests as the subject of insurance.

Tangible contents insurance.

Tangible property: money, houses, land, machinery, crops, livestock, and many more.

There are movable property, immovable property, fixed assets and current assets, production property and consumption property.

Intangible property insurance.

Intangible property: copyrights, invention rights, trademark rights, etc.

Liability for economic interests and damages related to property.

Freight, public liability, product liability, and more.

A property insurance contract is an insurance contract in which property and its related interests are the subject matter of insurance. If the degree of risk of the subject matter of insurance increases during the validity period of the contract, the insured shall notify the insurer in a timely manner in accordance with the contract, and the insurer has the right to request an increase in the insurance premium or terminate the contract.

If the insured fails to perform the notification obligation provided for in the preceding paragraph, the insurer shall not be liable for compensation for the insured accident that occurs due to the increase in the degree of danger of the insured object.

What is property insurance, the origin of property insurance is marine insurance, and the main purpose is to cover the actual loss of the insured. The basic principle is the principle of loss compensation: no loss, no insurance.

To put it simply, you should buy insurance for your own property like your own car!! In that case, even if there is a loss, you will be compensated!!

Financial judgment insurance refers to the payment of insurance premiums by the policyholder to the insurer in accordance with the contract, and the insurer pays the insured property and its related interests due to natural disasters in accordance with the provisions of the insurance contract.

or insurance for liability for losses caused by accidents.

Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance business. Insurable property, including property in material and non-material form and related interests. Property in material form and its related sensitive fiber interests are usually referred to as property damage insurance.

For example, aircraft, satellites, power plants, large-scale projects.

Automobile, marine, plant, equipment and home contents insurance.

Wait. Where immaterial property and its related interests are used as the subject matter of insurance, it usually refers to various liability insurance, credit insurance, etc. For example, public liability, product liability, employer liability, professional liability, export credit insurance.

investment risk insurance, etc. However, not all property and its associated interests can be the subject of property insurance. Only according to the law, the property that meets the requirements of the property insurance contract and its related excavation interests can become the subject of property insurance.

Property insurance is divided into broad and narrow senses.

Property insurance in a broad sense includes property loss insurance, liability insurance, credit guarantee insurance, etc.;

Property insurance in the narrow sense is a kind of insurance that takes tangible material wealth and its related interests as the subject of insurance. Its contents include: fire insurance, marine insurance, automobile insurance, aviation insurance, engineering insurance, profit loss insurance, agricultural insurance, etc.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Summary. Property insurance mainly includes property insurance, agricultural insurance, guarantee insurance, liability insurance, credit insurance, etc.

What property insurance covers.

Property insurance mainly includes property insurance, agricultural insurance, guarantee insurance, liability insurance, credit insurance, etc.

Generally speaking, property insurance is divided into broad and narrow senses, and property insurance in the broad sense refers to property and its related economic interests and liability for damages as the subject matter of insurance; Property insurance in the narrow sense refers to material property as the subject of insurance, and the most common property insurance business is car insurance, and car insurance underwriting companies are usually property insurance companies. The insurable non-material property of property insurance includes public liability, employer's liability, etc., and the insurable material property includes factories, automobiles, aircraft, power plants, satellites, etc.

1) Property insurance mainly underwrites the risk of natural disasters, and the frequency of natural disasters varies greatly in each year and period, while life insurance is based on human life and the law of large numbers, and the required insurance premiums can be accurately calculated through actuarial calculation. Property and casualty insurance companies are more likely to go bankrupt if they encounter a catastrophe in the course of their operations. If the business is mixed, it may lead to huge losses in the life insurance business it operates.

The annuity (pension business) in life insurance is related to social stability. Therefore, in the developed areas of insurance in the world, the property insurance company can supplement the short-term health insurance and accident insurance in the life insurance.

2) Property insurance company refers to the insurance company with property insurance business. Property insurance business includes property loss insurance, liability insurance, credit insurance and other insurance business; Property insurance companies may be approved by the insurance regulatory authority to operate short-term health insurance business and accident insurance business.

1. Requirements and procedures for surrender:

The applicant is eligible to apply for surrender. If the insured applies for surrender, the written consent of the policyholder must be obtained, and the policyholder must clearly indicate who will receive the surrender money;

If the policyholder applies for surrender, the contract has been in force for two years and the premium has been paid for two years, and the insurance company shall refund the cash value of the policy after receiving the surrender application, and if the policyholder has paid the premium for less than two years, the insurer shall refund the remaining insurance premium to the policyholder after collecting the insurance premium for the period from the date of commencement of the insurance liability to the date of discharge.

The surrenderer shall provide the following documents when handling the surrender:

If the insured requests to surrender the policy, the applicant shall provide a surrender application with the written consent of the policyholder;

The insurance policy provided by the surrenderer to prove the conclusion of the contract and the proof of the last payment;

Proof of identity of the policyholder;

If the policyholder or the insured entrusts another person to handle the application on his behalf, the power of attorney of the policyholder or the insured and the identity card of the principal shall be provided.

2. How to refund the insurance for the taxi scrapped in advance.

You can go for a surrender.

There are two types of car insurance: compulsory traffic insurance and commercial insurance.

1) Compulsory traffic insurance can only be surrendered under the following circumstances.

1. The vehicle has been deregistered in accordance with the law.

2. The vehicle is stopped (vehicle scrapping).

3. The vehicle was confirmed to be lost by the public security organ.

4 Duplicate Insurance.

2) Commercial insurance can be surrendered, but when a certain type of insurance has been paid in full, the insurance type and its deductible shall not be surrendered.

For example: car damage insurance: the insurance company has paid the insured according to total loss or constructive total loss, then the car damage insurance cannot be surrendered. Because it has assumed all insurance liabilities under the insurance contract. The liability has been fully assumed and the premium is non-refundable.

3) The surrender premium is the insurance premium for the unpaid liability period from the date of the policyholder's surrender application, i.e.:

Surrender Premium: Premium (remaining days of the policy Total number of days in force of the policy).

Comprehensive family property insurance is an important financial insurance product, the main purpose of which is to provide comprehensive protection for families to prevent family property from accidental loss, disaster loss or other force majeure losses. This article will detail the definition, types, advantages, disadvantages, and how to purchase comprehensive home contents insurance.

1. What is comprehensive family property insurance?

Comprehensive family property insurance is an important financial insurance product, the main purpose of which is to provide comprehensive protection for families to prevent family property from accidental loss, disaster loss or other force majeure losses. The insurance liability of comprehensive family property insurance can be customized according to the needs of customers, generally including residential insurance, property insurance, family liability insurance, etc.

2. Types of comprehensive family property insurance.

1. Residential dust and quiet insurance: Residential insurance is an important part of comprehensive family property insurance, which mainly protects residential losses, such as fire, flood, hail, etc.

2. Property insurance: Property insurance is another important part of comprehensive family property insurance, which mainly protects the loss of family property, such as household appliances, furniture, household electronic products, etc.

3. Family liability insurance: Family liability insurance is another important part of comprehensive family property insurance, which mainly protects the losses caused by the family's liability, such as family members accidentally injuring others, and family members causing losses to others due to their own behavior.

3. Advantages of comprehensive family property insurance.

1. Comprehensive protection: comprehensive insurance for family property can provide comprehensive protection for families and ensure the safety of family property.

2. Affordable: The premium of comprehensive family property insurance is lower than that of purchasing a single insurance, which is economical.

3. Convenient and fast: comprehensive family property insurance can be purchased online, which is convenient and fast and saves time.

Fourth, the disadvantages of comprehensive family property insurance.

1. Unclear insurance liability: The insurance liability of comprehensive family property insurance is not clear, which is easy to cause confusion.

2. Higher costs: The premiums of comprehensive family property insurance are relatively high, which is not conducive to cost savings.

3. Difficulty in settling claims: The claim process of comprehensive family property insurance is relatively complex, which is easy to cause difficulties in settling claims.

5. How to buy comprehensive family property insurance.

1. Choose an insurance company: First of all, you should determine the insurance company that buys comprehensive family property insurance, you can search on the Internet, or you can consult the customer service of the insurance company to understand the service of the insurance company.

Comprehensive family property insurance is an important financial insurance product, which can provide comprehensive protection for the family, but there are also some shortcomings, such as unclear insurance liability, high costs, difficult claims, etc., therefore, when purchasing comprehensive family property insurance, it is necessary to carefully read the insurance terms of the product and choose the appropriate insurance product to ensure the safety of family property.

What is included in property insurance.

1.Property Damage Insurance: Property damage insurance can be mainly divided into enterprise property insurance, family property insurance, foreign-related property insurance, cargo transportation slag insurance, transportation insurance, agricultural insurance, engineering insurance, etc.

2.Liability insurance: Liability insurance can be mainly divided into public liability insurance, product liability insurance, employer's liability insurance, professional liability insurance, third-party liability insurance, etc.

3.Credit guarantee insurance: Credit guarantee insurance can be mainly divided into contract guarantee insurance, product guarantee insurance, commercial credit guarantee insurance, export credit insurance, etc.