Legal

If a company guarantees an individual unit, not a legal requirement. Some general principles of insurance include: 

1. Compensation - Insurance indemnity or compensation, the insured losses are determined in the interests of policyholders.
2. insurable interest - typically the insured suffers a direct loss. insurable interest and if the insurance or property insurance for someone who is not affected. The concept requires that the insured is a "game" in the loss of or damage to life or property insured. What is at stake is the nature of insurance type and properties or relations that exists between people.
3. Most good faith - the insured and the insurer by the bond of good faith in the honesty and fairness. material fact must be disclosed.
4. Message - ensure that the same obligation, the insured has to offer as compensation, according to several methods.
5. Subrogation - The right to exploit the insurance on behalf of the insured may apply, such as insurance to prosecute those responsible for the damage to the insured.
6. cause the proximate or direct cause - the cause of damage (risk) should be based on the agreement of the insurance policy covered, and the cause can not be dominant.
7. The principle of minimizing losses - In the event of loss or accident, the owner should try to keep losses to a minimum, as if the assets were not insured.

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