INSURANCE LAW

Insuring the risks will ensure that the damage is eliminated in case of a negative situation. For example, the issue of compensation comes to the fore as a result of a traffic accident you have done. Insurance Law is a comprehensive branch of law and it would be more accurate to know the basic concepts that will come up first. Concepts such as insurance cost, insurance value (value of interest) and insurance compensation appear in relation to insurance law.

Insurance cost refers to the maximum amount that will be paid to the insured, provided that it does not exceed the insurance value in case of danger. Insurance value (interest value) refers to the value of the contract at any point in time. There is no benefit value in life insurance, this concept is more specific to loss insurance. In life insurance, people can insure their life at any price they wish. Insurance compensation, on the other hand, is the compensation to be paid to compensate the insured's loss as a result of the realization of the danger.

We recommend that you seek litigation and consultancy services from the lawyers of our office regarding insurance law issues, especially fatal, and injury traffic accidents.