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There are Singapore special-line transportation and logistics companies in China.

Date: 2017-04-03
Views: 34

The main difference between the actual total loss and the estimated total loss of the Singapore special line (1) The actual total loss refers to the total loss of the entity of the insurance subject; the estimated total loss focuses on whether the recovery and repair of the insurance subject are cost-effective from the perspective of the value of the goods, especially If the loss cannot be repaired, the complete loss of the insurance subject will be inevitable. (2) In the case of actual total loss, the insured may require the insurer to be liable for compensation in accordance with the total loss; and in the case of presumed total loss, if the presumed total loss is claimed, the insured must first apply to the insurer Delegated, the Singapore Green Line is a prerequisite for the insurer ’s presumed total loss compensation. If the insured does not propose to pay, it can only compensate for part of the loss. In the practice of marine transportation insurance, there is no clear and absolute boundary between actual total loss and presumed total loss, and the court or arbitration institution has great discretion. · If the court or arbitration institution determines after the investigation that the loss incurred is actual total loss, the insured person can enjoy the right to compensate for the actual total loss without issuing a notice of commission; , The prerequisite for the insured to claim total loss from the insurer is to issue an insurer ’s notice of delinquency to the subject of insurance. If the insured fails to issue a delinquent notice, the right to claim total loss will be lost, especially in Under the circumstances, the insured will not receive any compensation. Because under the terms of Ping An Insurance, the insurer ’s

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