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What are the functions of the UK dedicated line center?

Date: 2017-04-01
Views: 28

The British special line can be transferred by endorsement because of the cargo insurance policy. When the insurance contract is concluded, the last holder of the insurance policy may not have obtained all the benefits for the goods it purchased. Insurable interests can be expressed as existing interests, expected interests or responsible interests. Fourth, the principle of loss compensation The principle of loss compensation (losses compensating) refers to the insurer's British special line must compensate the actual loss suffered by the insured within the scope of liability when the insurance accident occurs and the insured suffers losses. The following contents are included. (1) Timely compensation The premise is that the insured informs the insurer in time and provides all evidence and materials, otherwise, the insurer may not be liable for compensation. If the insurer fails to fulfill the obligation to pay compensation within the statutory period, in addition to paying the compensation, it shall also compensate the insured for the losses suffered as a result. British green

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