May 12 this year is the 12th national disaster prevention and mitigation day in my country. At this time, how to prevent and mitigate disasters, especially how to escape in earthquakes, will be particularly concerned, and there are also many popular science introductions.
After the disaster, home reconstruction is an extremely important thing, and insurance will play a role in reconstruction. Today we mainly take earthquakes as an example to share relevant insurance knowledge, but hope will never be useful.
Personal insurance, earthquakes can be compensated
Generally speaking, most domestic life insurance companies include earthquakes in the coverage. The insurance liability of
life insurance (term life insurance, lifetime insurance, dual-whole life insurance, etc.), personal accident insurance, personal accident medical insurance, travel accident insurance, medical insurance, critical illness insurance, etc. generally includes earthquake liability.
Customers who purchase these insurances will receive relevant compensation if they die or are disabled during the earthquake, and their injuries and hospitalization will also receive insurance benefits as agreed in the contract.
However, the claims conditions for different types of insurance are different. Life insurance and accident insurance: unfortunate deaths caused by earthquakes (accident insurance and all disability) can be obtained; medical insurance can be reimbursed for medical expenses. Generally, after an earthquake, some insurance companies will cancel hospital restrictions; critical illness insurance needs to reach the level of serious illness agreed in the contract, etc.
The specific scope of protection and compensation amount shall be determined according to the contract agreements of different products.
Property insurance, earthquakes are mostly exempted
Due to the huge consequences and losses caused by earthquakes, commercial insurance companies generally do not have such a large compensation ability, so most property insurances list earthquakes as exemption. Earthquake insurance is mostly in the form of additional insurance. After purchasing the main insurance of property insurance, the policyholder can check whether to purchase earthquake additional insurance by himself. However, there will be regional restrictions when taking out insurance.
catastrophe insurance supports recovery and reconstruction
After a disaster occurs, the insurance funds are more supportive for recovery and reconstruction. Once a disaster occurs, the insurance company will immediately pay compensation according to the agreement process. It is both a relief and a comfort to the affected people.
is not just an earthquake, but also a common natural disaster in my country, including typhoons, mudslides, etc., which pose threats and losses to people’s personal and property.
For these disasters, the conditions for personal insurance claims are mostly similar, and property insurance is quite different. Taking property insurance and auto insurance as an example, earthquakes and tsunamis are generally exempted from liability, and typhoons, heavy rainstorms, etc. are covered.
In addition, catastrophe insurance can also play a big role. There are currently three ways to purchase catastrophe insurance:
1. On the basis of the unified purchase of policy insurance by the government, individuals can insure catastrophe commercial insurance according to their own needs to improve their ability to resist catastrophe risks. After a disaster occurs, the compensation will be compensated to the individual;
Another type is purchased by the government, and the insurance compensation will be paid to the local Civil Affairs Bureau after the disaster occurs, and then the Civil Affairs Bureau combines the disaster relief funds and then passes it to the township layer by layer. The township will first announce the compensation for each household and transfer the compensation to individual families in batches according to the repair progress.
The third type is that consumers (individuals, enterprises, institutions, social organizations) purchase insurance through insurance company sales outlets and websites. It should be noted that a house can only be insured once at the same time.
Take a seismic catastrophe insurance for urban and rural residential residential buildings on sale as an example. The coverage period can be 1 year, 3 years, 5 years, and 10 years. The claims conditions are as follows:
In addition, in terms of catastrophe protection, agricultural insurance can also play a role.
Insurance can only be a compensation for risks, but more about learning to prevent disasters in advance. At present, insurance technology has been used to prevent and reduce disasters.
Content source: Insurance 78 Say
