Päävaurion

Päävaurion, Finnish for "main damage" or "primary damage", is a term used in Finnish insurance law to describe a type of damage that occurs to property as a result of a specific event or action. In general, päävaurion refers to the initial and most significant damage that occurs to a property, such as a building or a vehicle, in the event of an accident or other incident.

The concept of päävaurion is important in insurance law because it determines the amount of compensation that an insurer is liable to pay for the damage. If a policyholder's property is damaged, the insurance company will first assess the päävaurion, which sets the basis for calculating the total value of the damage.

The päävaurion is determined by considering the severity and extent of the damage, as well as the type of property that was damaged. For example, if a building is damaged in a fire, the päävaurion would be the extent of the fire damage, including the destruction of the building's structure and any contents that were lost.

Once the päävaurion has been established, the insurance company will calculate the total amount of compensation due to the policyholder. In some cases, additional damages that occur as a result of the initial damage may not be covered by the insurance policy. This is why the concept of päävaurion is so important in Finnish insurance law, as it helps to establish a clear and fair system for determining the amount of compensation due for damages.