Multiple claims cases insurance companies quickly, claims the first time to serve the insured family members
Earthquake, accident become the focus of attention.
Industry sources, the insurance company losses in the earthquake Peifu proportion may not be great, one of the main reasons for lower insurance rates. However, while the earthquake reflects the status of low insurance rates, but also highlights the compensation insurance in the importance of natural disasters.
A sudden “5.12 Wenchuan Earthquake”, so that millions of homes destroyed, victims suffered heavy casualties, and significant financial loss … … However, these losses, the insurance should play in the compensation of the power of they often seem “powerless.”
Experts say, insurance is always at the critical moment it only shows the super-energy pressing need to provide the most timely and most valuable help. Every disaster, in grief at the same time people will realize that ignoring insurance, underestimated the importance of insurance. However, you can see is that the earthquake occurred, began to have more attention insurance.
Number of earthquakes has rapidly Pei Pei Fu
“5.12 Wenchuan earthquake” occurred, the prompt start of the major insurance companies in addition to access emergency claim, went to survey the affected areas outside the danger, and that cases of multiple claims have been quickly completed and sent to the insured for the first time the hands of the family.
According to Ping An of China to the latest data show that as at 12:00 on May 16, Ping An’s property and casualty insurance, life insurance, pension insurance cumulative total of 787 reported since then, claims have been paid 293,400 yuan, the total estimated claims 306.29 million, the death of 48 clients, disabled clients 18.
Ended at 13:00 on the 16th, TPL has processed claims case 4, the customer paid the insurance claims 4 killed 13 million yuan. Another four cases of customers reported being the scene of death, compensation is expected to amount to 44 million. Meanwhile, Mianzhu City Dongfang Steam Turbine Co., Ltd. Hanwang 8,000 employees Yingxiuwan Hydropower Plant has 1268 employees, 四川剑南春 staff for 1570 Pacific Life insured, estimates claim more than 6 million yuan.
Present, Taikang Life has received a report of 15 clients from the disaster area, are urgent and rapid processing. May 14 Sino-British life insurance claims received the first report earthquake, Mianyang, Sichuan Province has been named primary insured earthquake death and has been the first time immediately Peifu 12 million customers. May 16, Tai Ping Insurance only 3 million and a half hours they put together a source of compensation to the families of middle school students in the hands of the dead.
China Insurance Regulatory Commission announcement on its Web site, according to incomplete statistics, as of May 14, the insurance industry received a total disaster the insurance report 3188, 3251 death of the insured person, 991 disabled, the insured 97 houses collapsed, claims paid 1.708 million yuan.
Insurance awareness will be increased
This disaster will make a lot of people realize the importance of insurance protection is conducive to universal awareness of insurance, such as earthquake insurance according to the development experience of Japan, 1995 earthquake in Kobe, Japan, destroying a total of 10 million houses, many parts of Japan after the earthquake. The collapse of the housing not only affordable housing loans, but also bear the cost of new housing, it triggered a wave of residents to buy earthquake insurance, earthquake insurance penetration rate to from 2.9% to 20%.
Insurance experts point out that the insurance in the pre-disaster prevention, public disasters, literacy, disaster relief claims and that has a special advantage. Many countries and regions in the earthquake disaster compensation insurance industry has played an important role, such as the 1994 California earthquake, the insurance industry Peifu more than 100 billion U.S. dollars, a post-disaster reconstruction, economic recovery, a strong driving force.
“Although natural disasters in Shenzhen will not happen much, but other places through this disaster, you can see climate change will have serious implications for the survival of enterprises, many enterprises not on the pre-disaster insurance, therefore, subject to the disaster for the loss of their only ‘bill’, and can not get insurance compensation, greater economic losses. “reporter found that severe weather has caused more and more enterprises begin to bring attention to the protection of the insurance function.
Expert: Insurance to be divided, “severity”
Experts point out that, for the public, insurance accident insurance, you can pass a good experience because of the risk of accident, a “skillfully deflected the question” function, that is, with very little cost, to avoid the huge potential losses. It can face the risk of the insured, distributed to all of a similar nature among the insured risk, the use of “law of large numbers” to a good place to avoid accidents due to the tremendous loss.
However, the financial management have also warned that many parents in the purchase of insurance, often the first consideration is the children, for children to buy a lot of insurance products, their protection is very small. In fact, as the caretaker of their children, only parents who first have adequate protection to ensure their own and not in the child’s quality of life is not affected. Similarly, in the insurance, we should first consider the main source of income for the responsible members of the family insurance, in order to ensure the same level of family life.
The same time, the industry also said that when the accident occurred in the insurance, the insured shall promptly notify the insurance company, general insurance contract expressly provides that liability insurance within 24 hours of the accident, the insured or the insured or beneficiary has responsibility to promptly notify the insurance company (not in a timely manner due to force majeure notice the exception). The reason why the insurance contract, such a requirement, there are three reasons: first, to survey the needs of the accident to collect the necessary evidence; second as far as possible to take timely measures to prevent further loss; third is in preparation to save time and cost claims.
Reporter has learned that this is due to the insurance provisions of both the asymmetry of information, so that the objective existence of adverse selection and moral hazard, in the insurance after the accident, the insurance company because the insured person may not notice in time to fulfill obligations , leading to an important scene evidence is destroyed, and that the responsibility for the accident was caused by intentional acts the insured, exclusions or less lost, resulting in the insured’s actual losses are not due compensation and payment. Therefore, the insurance after the accident, the insured must promptly report to the insurance company survey to assess the damage in time for the smooth maintenance of claims and self-interest to provide the necessary conditions.
In addition, if a major accident or the like floods, earthquakes and other disasters, the insurance company will often open 24-hour claims service calls, set fast-track claims and easy claims process, therefore, the insured and insurance companies should get in touch as soon as possible , if we can get reasonable compensation as much as possible, it can be as early as possible to them to go into post-disaster reconstruction.
Experts advise
Discern when the insurance coverage
Many insurance policy holders in time, often by virtue of their understanding, that as long as insurance against natural disasters, are sure to guarantee “earthquake” is not the case.
The insured in addition to see whether the earthquake, “Exclusion”, they also need attention in the insurance policy. If earthquake insurance in the country launched the first earth Insurance, the coverage is above 3.8 Richter earthquake, while insurance is a direct result of the devastating earthquake insurance (National Earthquake magnitude determination of the departments in the Richter 4.7 intensity level and above and up to six degrees above the earthquake) vibrations caused by the tsunami or earthquake, fire, explosions and landslides caused insured property losses.
Another point to note is, travel agents, liability insurance, liability insurance for schools, many of the earthquakes included in the deductible range. Thus, in school or travel occurs during an earthquake can not be guaranteed. And specifically whether to include damage caused by the earthquake, the agreement may also be reflected in advance, depending on the specific groups and insurance companies to negotiate the premium also have some differences.
Therefore, even if purchased with “earthquake” the content of insurance, in order to be protected, but also to understand the insurance liability.
Related Links
New Zealand earthquake insurance
Combination of government and the market
New Zealand’s response system for earthquake risk consists of three parts, including the Seismological Commission, insurance companies and insurance associations, belonging to government agencies, commercial organizations and social institutions. Once disasters occur, the Commission is responsible for the statutory insurance earthquake damages, the maximum liability for housing 10 million New Zealand dollars (1 U.S. $ 0.77 Singapore dollars), the maximum limit of liability of property room for 2 million Singapore dollars; insurance company is responsible for insurance contracts based on part of the insurance liability exceed the statutory damages; and Insurance Association is responsible for initiating the emergency plan.
New Zealand Earthquake Commission set up a wholly-owned by the State Ministry of Finance, when catastrophe risk in the resist to play a key role in the current seismic Committee has accumulated nearly 50 billion Singapore dollars in catastrophic risk fund. In addition to establishing catastrophe risk fund, the Seismological Commission also used the international reinsurance markets, reinsurance, and thus spread the risks. When the catastrophic earthquake in the Commission over the amount of loss of capacity to pay, the Government will play a role in underpinning, borne by the Government to pay the remaining claims, and the earthquake will pay to the Government Committee each year a certain margin.
Germany, home insurance
No damage to homeowners affected
Famous German bank real estate credit risk analyst at Bank of Ariel Hao Peng, said to reporters: “In simple terms, the fundamental role of the German real estate insurance is to build up and drained the house again.” In the event of an accident After the amount paid by insurance companies to ensure a place was built in the same houses. Damage to housing and facilities regardless of how old the insurance company for compensation should be in accordance with the new home prices.
Order to ensure the housing “undone from the back”, whether it is required to pay the premium accounting, or post-disaster reimbursement, “recycling rate” as the basis for calculation of home insurance in Germany. It does not include land prices, is also different from the owner or the purchase price of housing before the housing market and other damage. German real estate to its calculation of the insurance laws and regulations have a clearly defined, by a professional appraiser to assess.
According to the German insurance broker when the Huang Xiaolu ho introduced the process of dealing with disaster generated a lot of housing-related costs, but also in coverage range. Such as site cleanup, damage assessment costs, demolition costs, site protection costs, impairment charges and other measures, by the insurance company Peifu. However, the German owner paid for the premium home insurance is not expensive, the overall general insurance premiums each year around the family home “recycling rate” of about five thousandths. Currently, the vast majority of housing in Germany have insurance, even after major disasters, the German families can be “post-disaster is not damaged.”
related to hot words: catastrophe insurance awareness
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