Thursday, March 1, 2012

ABCs of insurance Part II

Following a brief glossary of common insurance concepts. I hope that the information published here is useful and this will help everyone to be protected.

A loss is a situation in which you live an incident and you have to use your insurance. At that point is when you experience the benefits that your insurance, mainly because accounts with financial support or any unforeseen legal.

Insurance companies insurance cataloged in different ways and then I'll explain a simple classification with regard to auto insurance, so that when you make use of your health insurance would be easier to identify what kind of claims can be.

When a claim is a total loss?

It's when the whole is affected the self-insured or the damage exceeds some percentage set by the insurer to consider a total loss. 

When a loss is partial loss?
 

When there is damage affecting only part of the insured vehicle. 


CLAIM
process to be followed to obtain payment for an incident to happen is covered.


Following a brief glossary of common insurance concepts. I hope that the information published here is useful and this will help everyone to be protected.

A loss is a situation in which you live an incident and you have to use your insurance. At that point is when you experience the benefits that your insurance, mainly because accounts with financial support or any unforeseen legal.

Insurance companies insurance cataloged in different ways and then I'll explain a simple classification with regard to auto insurance, so that when you make use of your health insurance would be easier to identify what kind of claims can be.

When a claim is a total loss?

It's when the whole is affected the self-insured or the damage exceeds some percentage set by the insurer to consider a total loss. 

When a loss is partial loss?
 

When there is damage affecting only part of the insured vehicle. 


CLAIM
process to be followed to obtain payment for an incident to happen is covered.


COMPENSATION
is the compensation that the insurer must pay for the loss.

Compensation is the economic reset, previously agreed in the policy, to various events that can occur in a disaster.

Now you know that when you talk about an incident you have to make to your insurance company making the claim and whether that risk is covered, you will get compensation or help you repair your vehicle. Remember that this was the B side of insurance, we still check out the C, do not miss it.
is the compensation that the insurer must pay for the loss.

Compensation is the economic reset, previously agreed in the policy, to various events that can occur in a disaster.

Now you know that when you talk about an incident you have to make to your insurance company making the claim and whether that risk is covered, you will get compensation or help you repair your vehicle. Remember that this was the B side of insurance, we still check out the C, do not miss it.

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