Claim means that one party in the international trade business violates the provisions of the contract and causes direct or indirect damage to the other party, and the injured party files a claim for damages against the breaching party.
Claim ) includes two aspects:
1. Legal basis: the remedy proposed by the claimant must comply with legal provisions;
2. Factual basis: sufficient documents required for the claim.
Lodge a Claim
It refers to the policyholder or the insured requiring the insurer to fulfill its obligation to compensate or pay insurance benefits after an insured accident occurs, property damage or personal injury or death occurs. behavior. Insurance claims are a concrete manifestation of the insured's obtaining actual insurance protection and realizing his or her insurance rights. Most insurance policies have express provisions on the relevant claim procedures and what documents are required. It should be noted that claims, as a right of the insured, are subject to a statute of limitations. Different types of insurance have different statutes of limitations. According to the Insurance Law, the statute of limitations for claims for life insurance is 5 years, and for insurance other than life insurance, the statute of limitations is 2 years.
Claim is a right granted by law to the policy holder or the insured, but it is subject to a statute of limitations. If no claim is made within the statute of limitations, this right will be automatically waived.