The policies are issued when you cancel the insurance contract terminates. This usually occurs in the following cases:
* Failure to pay the premium.
* Change owner of the thing insured.
* Reluctance.
* Fraud by the insured.
With the cancellation of the policy the insurer is only entitled to a premium for the risk you run.
Claims Settlement
Claims that communication begins with the insured or the beneficiary of the insurance must be made to the insurer, to make this pay the sum insured. For the settlement of claims are required three steps:
1. The verification of the incident.
2. Valuation.
3. The settlement, to make your payment.
In order to fully verify the claim, the insurer requires a series of tests designed to that end and makes all efforts to ensure that it considers appropriate in the event that is covered by insurance.
The valuation of the damage to the insured in the insurance on things is very important because the amount of compensation depends not only on the sum insured, but also the value of things in the days of the incident. The value of insured property requires the intervention of experts or expert liquidators.