Insured event is the event described in the contract of insurance after which approach obligations of the insurer to the insured come into force. After approach of insured event the insurer compensates a material damage to the insured, the insured person or the third parties (depending on a kind of the insurance contract and insurance […]
Insured event is the event described in the contract of insurance after which approach obligations of the insurer to the insured come into force.
After approach of insured event the insurer compensates a material damage to the insured, the insured person or the third parties (depending on a kind of the insurance contract and insurance type).
Within the limits of property insurance by insured event the events specified in the insurance contract which have led to destruction, loss, damage or depreciation of the insured property will be considered.
That case the loss from which exceeds any sum established by the contract admits some types of insurance by insured event only. Such type of insurance is insurance of a crop and perennial plants. Reduction of a crop admits the given kind of insurance by insured event from one hectare of crops within one year in comparison with the previous five years.
Under the contract of insurance upon accidents the insurer has the certain rights. So, for example, it can refuse to the insured insurance payment if that has given about himself the unreliable information concerning a state of his health, or hasn’t submitted in time the documents confirming approach of insured event. Also the insurer can terminate the contract if the insured in due time doesn’t pay insurance payments.
The insurance contract can stop the action if term on which it has been concluded or when the insurer will carry out of all obligations, or at the initiative of one of the parties ends. Still the death of the insured person or company liquidation can be cases of the termination of validity.
The sum of payments on insured events can’t be more than the insurance sum established by the contract. Insurance payments are carried out after the insurer has received all necessary documents, and can’t exceed 10 days term.
In case of time disability of payment are made at a rate of certain percent from the insurance sum under the contract. At constant disability the sum of payments depends on physical inability group. In case of death of the insured person of payment are made to its successors.
As constant general physical inability are understood incurable intellectual inferiority insured, the blindness, a paralysis or other damages, to which result the person can’t carry out any kind of works. In this case 100 % compensation of the insurance sum is made.
At constant partial physical inability the insured person has restrictions on performance of labor works in connection with physical or intellectual inferiority which can be cured. The size of insurance payment is defined on physical inability group. If work capacity of the insured person is broken in connection with accident that doesn’t give the chance to it to carry out the usual functions it receives time physical inability. It proceeds until the person can’t is independent to leave the house. Thus insurance compensation makes the daily sum received during all period of physical inability, but no more than one year.
If the contract provides medical aid payment the size of payments is defined depending on possibilities of the insurance company. Compensation of medical expenses is carried out irrespective of insurance payments in case of death or physical inability of the insured.
Refusal in payment of medical expenses can be in cases if the person has independently put itself physical injuries if such damages have resulted from armed conflicts, demonstrations, acts of terrorism, and also have been received during act of nature, at radiation, because of surgical intervention, etc.
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