Currently, there are many types of insurance, from domestic insurance to international insurance. Surely everyone has heard of non-life insurance and has some understanding of it. However, when it comes to non-life insurance, many people are still confused about it. Here, MFast will help you understand more about non-life insurance and what to consider when…
A property insurance contract serves as the legal basis for resolving compensation in the event of an incident. Therefore, clients need to thoroughly read the terms and conditions to ensure their rights. 1. What is a Property Insurance Contract? Property insurance is a type of non-life insurance, and when participating in property insurance, it is…
1. What is Property Insurance? Property insurance is a basic non-life insurance business regulated by Article 7 of the 2010 Insurance Business Law and defined as follows: “Property insurance is an insurance product whereby the insurance company commits to compensate the insured party for losses incurred to the insured property as agreed upon in the…