Compensation Insurance

On many occasions in the lives of both people and goods that are part of its assets may be exposed to some dangers and to avoid the consequences are so severe and does not include at least the means to repair, many provides for certain consequences people and ensure they and their property through insurance, which contain a policy, which before the occurrence of accidents and damage must respond by means of compensation, which cover at least a monetary terms the damage caused by reason of accident events and the compensation of the damage may be as a result of the damage if possible or replace the property destroyed and in the case of those for hospital care or any other use that you want to give, so the compensation is of great importance in the activity of the people as a result of the policy, to make such disastrous consequences are not having the least resources to replace things or recover.

Thus, the main reason which is obtained an insurance policy in its many manifestations, is seeking financial compensation to repair the damage that occurred as a result of an accident or unpleasant event as you can be the death of a person for various reasons, so the compensation would be provided by the insurance company the beneficiary of the policy because of the insurance contract in force the insurance company had with the contractor and insured, maintaining a civil contractual relationship in cases of presenting some of the events covered in the policy and that its occurrence is derived compensation. c at hand. Thus the allowance is an amount which is required to be delivered by the insurer in cases where there has been a claim covered within the insurance policy. From what I have seen so far, the compensation would be the economic consideration that is generated from insurance, because in a moment initial or the insured or contracting regularly gave a premium to be covered by insurance, so if you have one of the contingencies provided for the insurer in exchange for premium payments to the beneficiary the compensation. Within the compensation can be distinguished on the ground that will be delivered, so if it is a safe for people, the compensation shall correspond to the capital agreed by the parties within the policy, while in the case of compensation for insurance on things, it is an economic replacement on the heritage of the insured and the compensation is the value of the object damage, deterioration or loss as a result of the accident, whether the object is repaired or deliver something that mitigates, and in other cases through money..