Something about insurance

Mandatory insurance is based on the following principles.
1. The principle of obligation (automaticity) is that insurance is compulsory by law. Relevant regulations define a list of items to be insured, the list of events in the event of which the insurance, the size of insurance premiums and the frequency of its payment, the size of compensation payable, the rights and obligations of the insured and the insurer.
2. The principle of complete coverage of compulsory insurance. The essence of this principle is that insurers, which by law is responsible for insurance, must provide 100% coverage of the facilities. To do this, they hold annual inventory and registration of the insured, insurers charge in a timely insurance payments.
3. The principle of mandatory insurance coverage, regardless of the payment of insurance premiums. If the insurer has not made insurance payments, and its respective property interests caused the damage, the insurer will pay him compensation, withheld insurance premiums. In some cases, contributions may be recovered through the courts.
4. Indefinite mandatory insurance is that insurance coverage will be insured until the policyholder would be a property interest subject to compulsory insurance, or until it is repealed the law.
5. The principle of normalization liability insurer does not allow to take into account the individual characteristics of insurance and determine the appropriate standards organization to simplify the insurance process.
In the compulsory personal insurance citizens listed principles appear with some specificity. For example, the compulsory insurance of passengers clearly defined period of insurance, and implementation of insurance depends entirely on the payment of the premium.
The Treaty of voluntary insurance, as opposed to compulsory insurance, is only at the request of the policyholder. Regulatory framework in this case is the insurance legislation. The basis of voluntary insurance are the following principles.
1. The principle of voluntarism is that the policyholder enters into a contract of insurance on their own volition and not because of legal coercion. In doing so, it only insures that finds it necessary and so, for how many allow their financial capacity.
2. The principle of incomplete coverage of individuals and entities associated with the voluntary insurance that not everyone wants to insure, and have the means to do so. In turn, insurers have certain limitations when applying for insurance of various objects. So, not being insurance against accidents in disability group I, not insured buildings in dilapidated condition, etc.
3. The principle limitations of voluntary insurance to date is that the Agreement is terminated upon the expiration of the insurance or if at the time of the contract has an insurance case, in the aftermath of which the insurance amount was paid in full. Continuity of insurance coverage can be achieved only in time to conclude an agreement on a new date.
4. The principle according to the insurance protection against payment of the premium. The insurance contract comes into effect only after the payment or the first single (with contributions by installments) payments. Accordingly, if non-payment of installment, the Agreement is terminated.
5. The principle of insurance coverage depending on the willingness and ability to pay policyholder. And in the property and personal insurance, the insurance amount depends on the capacity and willingness of the insured. In property insurance insurance amount can not exceed the actual (taking into account depreciation) value of the insurance.