Obligations of the insurer to the insurer in accordance with the principle of maximum goodwill :
- it is a requirement of this principle to pay the damage determined in a short time in order to prevent the insured person from suffering material and moral losses if the damage occurs.
- at the time of damage, the insurer wants to see the insurer next to him.
contract negotiation , establishment and during the continuation insurance , insurance-related technical issues and the contract is made or to be made to assist in the underwriting process , insurance coverage insurance with properties of both verbally and in writing to provide all the necessary information about the functioning of insurance and must refrain from any conduct ettireni turn and misleading way.
2- the principle of insurable interest
An insurable dec is the right to insure, arising from a legal relationship between the policyholder and the subject of insurance.
The subject of insurance is the insured thing or possible liability.
The limit of compensation - the maximum guarantee
✓ in goods insurance, the real value of the goods and the insurance value must be the same.
Otherwise;
- transcendental insurance
- missing insurance
- there may be a double insurance policy.
• all property and liability insurance, except life and personal accident insurance, are compensation contracts.
• if there is no monetary interest in making insurance, in other words, if there is no material loss that will be arranged, an insurance contract will also not be established.
• The purpose of compensation agreements is to be able to bring the financial situation of the insured person to the previous state before the damage occurs and to replace the damage.
• If the insurance price specified in the contract is a sufficient amount, it can satisfy the insured's loss.
• the insurance contract is not used as a means to raise the insured above the financial level before the damage. The goal can never go beyond its fulfillment and achieve enrichment without a reason.
In the event that the risk is realized, the amount of damage is determined as a result of the assessments of insurance experts. It is paid to the insured subject to not exceeding the amount of compensation specified in the policy. Because in insurance, the goal is not for the insured to gain from the damage, but to eliminate the damage.
Insurance cost: this is to express the amount written in the insurance policy.
It indicates the highest figure that the insurer will pay if the risk occurs and damage occurs.
Insurance value: refers to the market value of the value secured.
- We insured our 100.000 TL house for 200.000 TL.
- the house burned down. ( There is nothing left)
- how much do you get for insurance?
Insurance value: 100.000 TL
Insurance cost: 200.000 TL
100.000 TL will be compensated.
