Insurable Interest

GREETING INSURANCE ,
Welcome to the bloggers on this blog .
This discussion is a continuation of the basic principles of insurance which is part of the basics of insurance . The discussion below will explain insurable interest is the most important part of the insurance claim that it can be done .
Insurance companies must assess each insurance demand in order to ensure that the relevant and potential beneficiaries have insurable interest in the relationship in the event of a potential loss that is , the person will suffer if the insured event occurs .
For example, a property insurance company would not be selling the policy on not the owner of the building , because the person was not going to suffer economic losses suppose that destroyed damaged buildings on fire . In the insurance of goods , ownership is one way of knowing the existence of insurable interest in the goods.
Before discussing how to determine the presence of insurable interest in the life insurance , it pentinga for you to be able to distinguish between an insurance applicant , policyholder , the insured and the beneficiary .
The applicant is requesting the insurance policy . After the application is approved , the insurance company issuing the policy . Once the applicant receives the policy and pay the first premium , the applicant becomes the policyholder .
Insured is a person whose soul is protected by the policy. Often the policyholder and the insured are the same person . If you misalknya pleaded didiri insurance for themselves and the policy issued , then you are at the same insured policyholder .
But if your mother pleads insurance on your life and published policy , your mother is your insured while the policy holder . If INSURED died during the insurance period , the insurance company to pay compensation , or other residual matter of policy it is .
The beneficiary is the person or persons , or other party designated by the policyholder to receive compensation .
We will continue again with the next discussion .

GREETING INSURANCE

NATURE OF INSURANCE

    1. Losses must contain uncertainty .
    2. Losses should be limited .
    3. Loss must be significant ( mean ) .
    4. The ratio of the loss must be predictable .
    5. Loss is not a disaster for the party .