What are the obligations of the insured?

Insurance Bian Xiao helps you answer, and more questions can be answered online.

The insured refers to the person whose property interests or person are protected by the insurance contract according to the insurance contract, and who has the right to claim the insurance money after the insurance accident. The insured is often also the insured.

In property insurance, the applicant can be the same person as the insured. If the applicant and the insured are not the same person, the insured of property insurance must be the owner of the insured property, or the manager of the property, or a person who has a direct interest in the property, otherwise it cannot become the insured of property insurance.

In life insurance, the insured can be the applicant himself. If the applicant and the insured are not the same person, there is an administrative subordination or employment relationship between the applicant and the insured, or there is a creditor-debtor relationship between the applicant and the insured, or there is a legally recognized inheritance, support, upbringing or guardianship relationship between the applicant and the insured, or there is a gift relationship between the applicant and the insured, or the applicant is a spouse, parent, child or other person recognized by law.

Rights of policyholders

Decide whether the insurance contract is valid.

In a life insurance contract, a contract in which death is the condition for payment of insurance benefits and the insured amount is invalid without the written consent and approval of the insured.

Designate or change beneficiaries

In a life insurance contract, the insured has the right to designate or change the beneficiary, and the applicant must obtain the insured's consent in advance to designate or change the beneficiary.

sometimes

The insured enjoys the right to benefit from the insurance money. For example, according to the Insurance Law, if the insured dies, as long as one of the following circumstances exists, the insurance money will be regarded as the insured's inheritance, and the insurance company will perform the payment obligation to the insured's heirs: the insured has not specified the beneficiary; The beneficiary dies before the insured and no other beneficiary is designated; The beneficiary loses or waives the right to benefit according to law, and there are no other beneficiaries.

Obligations of the insured

The insured also has the obligation to notify the increase of danger, the obligation to notify the insured accident, the obligation to prevent disasters and losses, and the obligation to provide relevant certificates, documents and materials.

When the insurer exercises the right of insurance subrogation (that is, when the insurer claims compensation from the third party who caused the damage instead of the insured), the insured has the obligation to assist.

Source: Finance website

(Editor: Yue Xiaolong)