What is Catastrophic Coverage?

Insurance liability refers to the liability for payment of life insurance benefits. That is to say, the insurance company agrees on the danger scope assumed by the insurer, and the liability for compensation when the insured event occurs, including damages, liability compensation, insurance payment, rescue costs, rescue costs, litigation costs, etc. After the insured signs the insurance contract and pays the insurance premium, the scope of liability stipulated in the insurance contract terms becomes the liability assumed by the insurer. In the event of a property loss or life insurance accident occurring within the scope of insurance liability, the insurer is responsible for compensation or payment of insurance money. The insurer's liability for compensation or payment of insurance premiums includes: the damage occurs within the insurance liability; the insurance liability occurs within the insurance period; the insurance amount is the limit.

Insurance duty

Insurance liability

Insurance liability: means

Insurer 'clearly states' liability

On January 21, 2000, the Supreme People's Court Law Research [2000] No. 5 provided a judicial explanation on how to understand the "clear description" stipulated in Article 17 of the Insurance Law. The judicial interpretation stated that the " Explicitly stated means that before the insurer signs an insurance contract with the insurer or at the time of signing the insurance contract, in addition to prompting the insurer to pay attention to the exemption clauses agreed in the insurance contract, the insurer shall also The concept, content and legal consequences shall be explained in writing or orally to the policyholder or its agent, so that the policyholder understands the true meaning and legal consequences of the clause. According to the judicial interpretation of the Supreme People's Court, it is clearly stated that two conditions must be met: first, the policyholder is reminded on the insurance policy; second, the concept, content and legal consequences of the exemption clause, in writing or orally Explain to the policyholder or his agent so that the policyholder understands the true meaning and legal consequences of the clause.

Motor vehicle traffic accident liability compulsory insurance liability limit

Insurance liability is generally divided into basic liability, exclusion liability and special liability.

Basic responsibility means

The beginning of insurance liability depends on the agreement of the insurance contract. Article 14 of the Insurance Law states: "After the establishment of an insurance contract,

In order to determine the insurance liability accurately, the insured event must first be determined.

1. Subject determination

In terms of vehicle loss insurance and third party liability insurance, it is generally clear that the insured accident must occur during the use of the insured vehicle by the insured or a driver permitted by the insured. Without such prerequisites, the insurer will not be liable for insurance compensation even if an insured event occurs.

2. Identification of damage events

Insurance companies generally list specific damage events that can be used as insured accidents in the insurance clauses. For example, collision, overturning, fire, explosion, accidental collision of people on the vehicle, etc. Only when these specific losses occur and cause the loss of the insured vehicle can insurance liability be constituted. For example, spontaneous combustion loss insurance emphasizes combustion due to a failure of the vehicle's own system; on-board cargo drop liability insurance emphasizes that a third person's loss caused by cargo falling from the vehicle constitutes insurance liability.

3. Restrictions on the area where the damage occurred

An insurance company provides special insurance for a designated driving area. The loss caused by a specific damage event after the insured vehicle enters the designated area constitutes insurance liability. Leaving a certain designated area, even if the same damage is suffered, cannot constitute insurance liability.