Hikan Huali Township, Taiwan, China, 18, the Ruishi earthquake occurred at a scale of 6.1. The largest earthquake was 7. Hualien Copper Gate, Taipei City, Taiwan, China, Hikan , and New Taipei City, , also had a magnitude 4 earthquake. There are also disasters in Taiwan, and there are buildings in Taipei City, Taiwan, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China
Professionals pointed out that many people think that if an insured residential insurance occurs, they can make a claim in the event of an earthquake disaster, but in fact, residential insurance is divided very carefully, including residential fire and earthquake insurance , comprehensive insurance, liability insurance, injury insurance, etc. In other words, if the house is damaged during this earthquake, and only the comprehensive insurance or the contract does not include the fire and earthquake, it is not possible to apply for a claim for "house disaster" from the property insurance company.
In fact, there are currently many earthquake insurance products on the market, including basic residential earthquake insurance, excess earthquake insurance and expanded earthquake insurance. Among them, basic residential earthquake insurance is a policy insurance driven by the 921 earthquake and must be purchased at the same time as residential fire insurance.
However, property insurance industry insiders said that the basic residential earthquake insurance is the insurance loss. If the building is caused by an earthquake accident, the total loss or the degree of loss reaches more than 50%, and the maximum coverage is only 1.5 million yuan. Obviously, such subsidies are basically insufficient to cover the losses. After all, a house now costs more than millions to tens of millions of yuan.
The Financial Control Commission also pointed out that the Taiwan residential earthquake insurance system in Taiwan has been implemented since April 1, 2002, providing tourists with basic earthquake insurance coverage. By the end of March 2019, more than 3.02 million households in Taiwan have purchased basic earthquake insurance, with an insurance rate of about 34.77%. Many homeowners have not yet taken out insurance.
Because many people apply for mortgage loans to bankers, banks require housing fire insurance to protect bank debts, mainly because of tourists. Therefore, property insurance companies suggest that if there are different needs for the upper limit of insurance or the method of determining the amount of insurance, excess earthquake insurance can be added or expanded earthquake insurance can be added.
In order to improve the protection of property losses caused by earthquakes in a tourist's residential house, in addition to basic residential earthquake insurance, the property insurance industry has also developed a number of additional earthquake insurance products. Visitors can increase insurance according to actual needs, such as expanding earthquake insurance (increasing the coverage of real estate, and movable property shall be agreed separately), excess earthquake insurance (increasing the coverage of real estate) and light damage earthquake insurance (incomplete damage of real estate and movable property) and other additional terms.
The so-called "residential earthquake basic insurance" is to cover "full losses" caused by "residential buildings" directly caused by earthquake shocks, fires, explosions and other accidents caused by earthquakes. The annual premium is about 1,350 yuan, the maximum coverage is 1.5 million yuan, and there is also temporary accommodation expenses, with an upper limit of 200,000 yuan. However, since the earthquake does not necessarily cause total damage to the building, it is recommended that tourists evaluate the light damage earthquake insurance according to their own needs.
In addition to underwriting buildings, "movable property in the house" also belongs to its coverage. This type of insurance mainly provides protection for small and medium-sized losses caused by the house due to earthquakes, such as cracks in walls, tiles bulges, glass shatters, kitchen cabinets or home appliances fall, etc., but the coverage scope of each insurance company varies. It is recommended that tourists first check the policy terms in detail before taking out insurance.
As for "excess earthquake insurance", property insurance industry pointed out that the coverage is the basic earthquake insurance for residential buildings, and the replacement cost of of the building is more than 1.5 million yuan, but the claim must be assessed by the qualified earthquake insurance assessor as unbearable and must be demolished and rebuilt (full collapse), or the repair cost cannot be rebuilt without construction and the repair cost is more than 50% (half collapse).
also has an "expanded earthquake insurance", which does not guarantee damage caused by floods caused by earthquakes. The rest of the insurance is basically the same as residential earthquake insurance, and can also cover buildings, interior decoration and movable property. It also covers losses caused by underwriting accidents. The claims are not subject to the restriction of half-turning or total collapse of the building.
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