Does Changing to Larger Rims Affect Insurance?
1 Answers
Modifying rims can affect insurance claims. Basic introduction to insurance claims: Article 223 of the Insurance Law stipulates that after an insurance incident occurs, when requesting the insurer to compensate or pay insurance benefits in accordance with the insurance contract, the policyholder, insured, or beneficiary shall provide the insurer with all the proofs and materials they can provide related to confirming the nature, cause, and extent of the loss of the insurance incident. Claim methods: After an incident occurs, insurance companies have two methods to settle claims with policyholders according to the insurance contract: compensation and payment. Compensation corresponds to property insurance, referring to the insurer's compensation for the insured's loss based on the damage to the insured property at the time of the incident, within the insurance limit. Insurance compensation is compensatory in nature, meaning it only compensates for the actual loss, at most equivalent to the value of the damaged property, and never more than its value.