On The Establishment Of Earthquake Insurance In Our Country

Earthquake often causes great disasters. Especially in rent years, big earthquakes frequently happen, which heavy casualties were caused. Facing the big losses of earthquake, it is obviously not enough to merely depend on the government to compensate for the economic losses and reconstruct after earthquake disasters. As a means of resources storage and economic compensation, the function and efficiency of earthquake insurance can not be ignored. Based on China`s current condition of earthquake insurance and the comparison and study of earthquake insurance in some countries, a conception of earthquake insurance in China is put forward. It is suggested as follows: A combined method of policy insurance and business insurance is carried out in our country. To set up a special funds for earthquake insurance. To establish an independent type of earthquake insurance that is compulsive. To make an intersectional plan for earthquake insurance. To adopt a policy of low and different insurance rate, but wide coverage. To establish a mechanism of decentralization of risks. To set up a policy to compensate for the losses of earthquake insurance in limited liability.