Contribution Principle-The contribution principle related to the presence of more than one (1) insurance policy that provides protection for objects owned by the same insurance the insured.
example:
Mr.XYZ have a car for $ 10,000 USD
insured with an insurer A: $ 10,000 USD
and also a company car is insured to the insurer B Rp.100.000.000, -
If the car is lost due to theft, with the contribution of this principle, the insured may not get reimbursed $ 20,000 USD, - (from A $ .10.000 USD, + $ 10,000 insurance USDdari B).
Contribution Principle says:
insurance coverage in case of Property by more than one (1) Insurance Company of each insurance policy issued by the Treasury the same coverage for Value / Price Healthy Objects that are the object of coverage, the insurance company only obligated to pay compensation in accordance with the Pro Rata responsibilities according to a balanced comparison.
Insured not possibly get restitution from each insurance company in full, so the loss actually exceeded it violates implementation Indemnity Principle.
example:
Mr.XYZ have a car for $ 10,000 USD
insured with an insurer A: $ 10,000 USD
and also a company car is insured to the insurer B Rp.100.000.000, -
If the car is lost due to theft, with the contribution of this principle, the insured may not get reimbursed $ 20,000 USD, - (from A $ .10.000 USD, + $ 10,000 insurance USDdari B).
Contribution Principle says:
insurance coverage in case of Property by more than one (1) Insurance Company of each insurance policy issued by the Treasury the same coverage for Value / Price Healthy Objects that are the object of coverage, the insurance company only obligated to pay compensation in accordance with the Pro Rata responsibilities according to a balanced comparison.
Insured not possibly get restitution from each insurance company in full, so the loss actually exceeded it violates implementation Indemnity Principle.
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