Abandonment – is that mean?

In the insurance sector applies to sets of terms, many of which are not understandable to ordinary citizens. They are needed to facilitate transactions. What is abandonment in insurance? This concept is used with respect to property abroad. It is widespread in the field of automotive insurance. Now it is actively used and in Russia.

Definition

Abandonment – a concept which demonstrates the possibility of abandoning the property in favor of the insurer. The beneficiary has the right to waive their rights to object, if it is fixed in the contract. It is necessary to obtain maximum benefits from the insurance company.

Abandon Traditional case is the implementation of property, then the rights of the owner are transferred to the insurer who pays the entire compensation. When the loss is, the right of possession are transferred to the insurance company. Abandonment – this is not an absolute, peremptory norm, and therefore in some circumstances be a denial of the law's implementation.

Transportation

At first glance it may seem that abandonment – this is just the norm, but in fact it is not. Though in the agreement and prescribe the terms of cooperation between the parties, often there are disputes about the legality of the use of norms, rules of payment and amount of compensation.

Often, conflicts are resolved in court. The majority of cases are won by the beneficiary or the policyholder. Because of this, the professionals of the firms interested in the judicial practice in the field of abandon.

What is this – the right or duty?

Many wonder, abandonment – this right or obligation? This right, which is the beneficiary. But for the insurer's abandonment is considered an obligation, since it needs to take the insured property. This rule is implemented with the help of the letter sent by the insured at the place of residence of the insurer.

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In this situation there is no subject of the contract, which would be regulated by the agreement of the parties to the transaction. This agreement is signed in cases, when faced with technical issues related to method transfer of documents and property.

Statement

It needs to register the beneficiary. It is not too late for the moment when the insurance compensation received. In marine insurance law is valid for 6 months from the determination of the insured event.

The Statement is prohibited to withdraw, as it is unconditional. Under the contract, and the law should be, to the beneficiary, which property shall return to the insurer the reimbursement amount. Only deducted the damage to the property.

Rules for writing abandon

This includes not only automobile insurance. Abandonment need to be in that case, if was discovered constructive total loss of transport. This occurs when the price of repair exceeds 30 % of its real market value. In these cases using very complex calculations that cannot be applied to the owner of the car for several reasons.

Abandonment is disadvantageous for the Russian insurance companies, especially when there is a distribution of insurance. Easier to pay a small compensation, through which can be covered with a recovery machine that does not work because of the legal ignorance of owners of transport. Therefore, if the detected constructive loss of the vehicle, requires the services of a professional.

Services "Rosgosstrakh"

This company offers to arrange auto insurance. Among the owners of transport popular hull. To use the services of firms, you need to study the rules of insurance. "Rosgosstrakh" offers to conclude three types of contract:

• Complete: the payment will be equal to the insured value of the car. And the damage is paid in full.
• Partial proportional: the sum is less than insured value. Compensation is proportional to the sum value.
• Partial disproportionate: payment is provided under incomplete insurance.

The Rules of insurance "Rosgosstrakh" establishes the following:

• The payment of the premium even in cases where guilty was the policyholder.
• If you suffered no more than 2 adjacent parts of the vehicle.
• In case of theft or damage compensation is granted on the basis of depreciation as a percentage of the payment.
• Do Not pay for dot damage which occurred due to animals or birds.

Design Rules abandona

The Client is entitled to receive full compensation. For example, the insurer produces damaged in the accident vehicles. In practice, the compensation may be small. But usually the owners of the machines agree on this, because they do not wish to sell themselves.

Abandonment is required when the restoration of the property useless or that requires a lot of investment. The right to use the property is transferred to the insurance company. Abandonment is issued in 2 ways:

• The agreement spells out the terms of cooperation.
• Executed an additional document, statingthe transfer of property.

The Latter situation may enter into a caveat. The firm offers the client to execute the contract, which stipulates the transfer of transport to third parties, for example, a thrift shop. To issue such transactions should not be, because after the transfer of property from the client disappears, the right to abandonment. So he will not be compensated. Insurance abandonment is the customer's benefit if this is stated in the agreement.