Insurance Terms – Desko Sigorta

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

ABILITY TO MEET LIABILITIES (SOLVENCY MARGIN)

It is a ratio that shows that the asset value of an insurance or reinsurance company is sufficient to cover its liabilities.. It is important to determine that the company has a strong financial structure to meet its responsibilities.. Liability Coverage Adequacy, which is calculated separately for short and long-term works, based on premium and damage in general branches, In long-term business, the company's assets and […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

INSURANCE RENEWAL (RENEWAL)

insurance policy (or reinsurance agreement) upon expiry of the period in force, By the will of both parties in the insurance contract, It is a process that ensures that the current policy continues. Under renovation, continuing with the terms and premium of the old policy, expand the scope of the policy, restrict, impose additional conditions, Changes can be made, such as charging additional premiums or reducing premiums. Insurance company, a certain period before the policy expires. […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

SİGORTA CERTIFICATION (CERTIFICATE OF INSURANCE)

It is a document issued by the insurance company and given to the insured and can be used as evidence of the existence of the insurance contract.. Document, Information regarding the identity of the insured, It contains general information about the scope of insurance coverage and policy conditions.. insurance certificate, It is used in debt-credit relations and legal transactions where insurance is put forward as a condition, and can be issued for each insurance branch if necessary.. Especially […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

INSURANCE ISSUE (SUBJECT MATTER OF INSURANCE)

In case of loss or damage, causing financial losses for the person(s) who have an interest in; This is a movable or immovable property, Any event that, if it occurs, would result in the loss of a legal right or the creation of a legal liability., In case of death or injury, this may cause financial losses for the person or those to whom he or she is affiliated. […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

TERMINATION OF INSURANCE (EXPIRY DATE TERMINATION)

It is the situation when the insurance contract is no longer valid for both parties and third parties.. Termination of the contract may occur in various situations.; Upon reaching the expiration date written in this policy, Due to termination arising from one of these parties not fulfilling certain conditions stipulated in the contract., This is at the insured's own will., This insurer, Unilateral termination of the contract due to aggravation of the risk, This means that in some branches the risk […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

INSURANCE FEE (SUM INSURED)

In case a danger within the scope of coverage occurs or the insured becomes liable to third parties, the insurer is obliged to pay, It is the maximum amount stated in the policy and which constitutes the basis for compensation.. Insurance cost in compensation contracts, It is the biggest financial loss that the insured can suffer.. Market value of the insured subject at the time of damage, If below the insurance amount, based on market value. In non-indemnity based insurance contracts […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

INSURANCE (INSURANCE)

Insurance, people who face the same type of danger, the amount collected through the payment of a certain amount of money, It is used only to cover the losses of those who actually suffered losses as a result of the occurrence of that danger., is a risk transfer system. Thanks to this system, people, the dangers they face may cause, losses that can be measured in money, They share it through the premiums they pay in relatively small amounts.. Basic function of insurance, […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

Joint Avarya ( GENERAL AVERAGE)

To protect them from a danger that threatens the ship and the burden together, provided that it is in a reasonable movement, In case of a deliberate sacrifice or a cost is tolerate, The joint Avarya movement is in question and the direct result of a movement of this nature is the common Avarya. Damages and expenses covered by Joint Avarya, boat, load and freight […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

AGREED POLICY (AGREED VALUE/VALUED POLICY)

By the insured and the insurer, who are the parties to the insurance contract, agreed upon, It is the price to be paid to the insured in case of complete loss.. agreed value, determined at the time the insurance policy is issued, It is not affected by market fluctuations that may occur during the policy period.. The amount to be paid to the insured in case of total loss is determined at the beginning, It also prevents some possible insurance frauds.. agreed policy, boat and shipping […]

Notary Insurance Value List 07, 2012

by admin in Insurance Terms

PARTIAL DAMAGE (PARTIAL LOSS/PARTICULAR AVERAGE)

What is insured, As the name suggests, it is partially calculated. However, a damage “partial” There is an economic limit that determines whether. Even if the thing insured is partially damaged, The total cost of repairs and other expenses is high compared to the insurance amount., In other words, repair is not economical. […]