vakuutusperiaatteisiin

Vakuutusperiaatteisiin refers to the fundamental principles that govern insurance contracts and the functioning of the insurance industry. These principles are designed to ensure fairness, predictability, and the ability of insurers to meet their obligations to policyholders.

A key principle is the utmost good faith, known as uberrimae fidei. This means that both the insured and the insurer must disclose all relevant information truthfully and completely. The insured must accurately describe the risk being insured, and the insurer must be transparent about the terms and conditions of the policy. Failure to uphold this principle can lead to the invalidation of the policy.

Another core concept is indemnity, which aims to restore the insured to the financial position they were in before the loss occurred, without allowing for profit. This means the payout should cover the actual loss, not provide a windfall. The principle of insurable interest is also crucial, requiring the policyholder to have a financial stake in the subject of insurance. This prevents speculative insurance and ensures that only those who stand to suffer a loss can benefit from insurance.

The principle of subrogation allows the insurer, after paying a claim, to step into the shoes of the insured and pursue any rights the insured may have against a third party responsible for the loss. Finally, the principle of contribution applies when a loss is covered by more than one insurance policy. In such cases, the insurers share the cost of the claim proportionally. These principles collectively ensure the integrity and stability of the insurance system.