Fire insurance rates changed in revision of the fire insurance?

Fire insurance revised point is?

Non-life insurance companies engaged in fire insurance revised 1/2010. More clarity, insurance products and insurance law newly enforced this revision, from April this year, including fire insurance mechanism is revised, and also to promote such.

Simply drops you just fire insurance rates rise this revision was, for that is not. What insurance changed? This explains the companies, insurance rates and fire insurance revised impact comparisons and more.

The main contents of the fire insurance revised

Specifically fire insurance what is changed? Major revisions are as follows:

• Revised tectonic Division of grades etc.
• Organizing special, simplified premium off, etc.
• Revision of insurance premiums
• Review of the product configuration
• The revised insurance law related and associated

So detailed contents of each of the above revised a little.

System revised tectonic Division of grades etc.
Insurance varies depending location and structure of the property insurance premiums. Building conventional fire insurance contract ( or building to accommodate the purpose of insurance ) of were examined the classification structure depending on the specifications and material of the main structure (pillar or wall, roof, etc). Basically often do check building types (column materials) revised.

Structure Division specifically to determine the property in the following figure has been revised. Still shops with residential, Office and store eligible private housing, public property is residential property.

Revised contents insurance structural grades

Three categories, General property 3 minutes from a five-from conventional 4-minute is a residential property and Division will simplify both.

Also the district division in the location of the property has changed. E.g. what several rate categories in the same region, such as Tokyo and Osaka, Tokyo and FUNAI had been simplified. Results rate classification for the location of each property is now in the State unit.

Organize system Distributor, simplification of the extra off, etc.
About covenants and simplification of premium off organizing is the following case to the abolition of the old fire insurance discounts, such as many. Or for example electrification residence that the discount, such as high-performance stove.

( as insurance premium overpayment problems caused by ) part that this revision was contract mistakes to prevent both clarity, and simplified seems to have been made.

However so far response seems divided into each insurance company, e.g. so far abolished, all-electric home discount, others are leaving.

Then select the enforcement of insurance law or amendment of the fire insurance premiums, product configuration, cases rise in insurance contract specifically drops case commentary > next>>> next>>>

Property fire insurance premiums rising are?

System revision of the fire insurance premiums
Fire insurance revised the story so far, continue to vary. Drops, price structure and location to address the purpose of insurance. Revision of already made now will be at a premium after the revised agreement.

Revised system of insurance product configuration
The car insurance insurance completely but not the proprietary products of each insurance company that was (part excluding insurance).

New fire insurance and fire insurance from the earlier house fire insurance, house insurance, proprietary new fire insurance that were mixed the lineup of residential property therefore ( were the housing estates insurance ) .

Also reviewed this time on these product configurations. For insurance each divided about this, e.g. case abolished traditional housing fire insurance or home insurance and new fire insurance of the company to unify and leaving the conventional fire insurance case.

Seems be a basic new fire insurance to me in any case, each company remains.

However is sometimes rather than tectonic Division etc. just like that and fire insurance premiums have risen to in this revision, if the different insurance continuation after abolition of the goods. Solid check whether any difference with insurance coverage and also not unusual.

Insurance law related and associated system revised
The new insurance law will come to the 4/2009. Ideal insurance recruitment depends by the insurance law enforcement throughout the insurance industry including non-life insurance.

Comes at need to switch content corresponding to the Insurance Act each insurance company this is.
So was revised from 1 September for fire insurance, is revised for insurance law from the April related to the insurance clauses and insurance recruitment matters.

Property prices drop, rise in the fire insurance revised listings

Let’s look specifically about property prices drop, rise, this fire insurance revised listings. Tectonic Division of the revision was A structure, structure of B, C structures, D structure residential property if, as mentioned is revised after 3 minutes M structure, structure of the T, H structure.

Storehouse building and wooden buildings in the concrete wall is in this revised most appreciate. That in the structural divisions, was a class 2 B structure of the residential listings and General property becomes H grade 3 structures, revised after the case.

These large effect of the price increase, about applying transitional measures rate for easing upheaval (time TBD). Also is this revision of earthquake premium rate does not, affected by the revision of the structural grades Division cases.

Is a ministerial quasi-fire resistant buildings. Conventional B structure of the rates were applied by originally a C structure determination in residential property for fire insurance in fire-resistant Buildings Ordinance Ordinance quasi-fireproof building is (however earthquake insurance rates an ( wooden ) b structure of the wood).

This revision of the structure of earthquake insurance Division Lee who was covered by earthquake insurance ( non-wooden ) structure for cheaper insurance premiums (insurance is cheaper than the wood-wooden for).

Reverse the storehouse building, wooden exterior concrete above the revised before the earthquake insurance b did ) in ( non-wooden structure, but this will b structure ( wooden ) , so particularly affected have earthquake insurance.

Revised if involved in the fire insurance for a long term contract?

I has a contract in the long term, such as 20 or 30 years many people if the fire insurance. From insurance contracts and insurance clauses in the contract when standards, compensation is not that to mere suddenly in this revision is.

Insurance guide-point for today

The 2010 fire insurance revised isn’t something simple that insurance premium rise drops. How your insurance changes after contract? well let’s see.

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