Does mutual insurance not cover claims

For property insurance, the applicant needs to fill in a detailed policy, including name, date, information of the insured, details of the insured, liability period, value and amount, etc. The insurance policy will be issued after being reviewed by the insurance company and confirmed on site. The applicant must pay the insurance premium on schedule, and the real estate insurance can be handled by the agent. The whole process involves the application for insurance (usually in writing), and both parties agree on the cost (inquiry process), aiming to protect the rights and interests of both parties.

If the insurance company refuses to compensate for drug expenses, it shall first communicate with the insurance company and provide evidence. If communication fails, complain to the superior or regulatory authority. If it is still unresolved, you can appeal to the court for settlement of claims. Before taking action, it is recommended to consult a lawyer to understand the rights and risks.

The deductibles of insurance events are divided into absolute deductibles and deductibles. The absolute deductible varies by region and qualification level, and the deductible ratio is usually 5% of the claim amount. The special deductible shall be agreed by both parties, and no compensation shall be made if the deductible is not exceeded. The absolute deductible only compensates the excess part, which is applicable to a single loss; The relative deductible will fully compensate the loss exceeding the deductible.