{"id":2328,"date":"2025-06-26T08:34:44","date_gmt":"2025-06-26T08:34:44","guid":{"rendered":"https:\/\/lawebdeseguros.com\/?p=2328"},"modified":"2025-10-18T10:23:28","modified_gmt":"2025-10-18T08:23:28","slug":"rule-of-equity","status":"publish","type":"post","link":"https:\/\/lawebdeseguros.com\/en\/rule-of-equity\/","title":{"rendered":"Equity Rule applied in insurance"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Contents\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #0a225d;color:#0a225d\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #0a225d;color:#0a225d\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lawebdeseguros.com\/en\/rule-of-equity\/#Regla_de_Equidad_aplicada_en_seguros\" >Equity Rule applied in insurance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lawebdeseguros.com\/en\/rule-of-equity\/#Regla_de_Equidad_su_aplicacion_y_ejemplo\" >Fairness Rule: its application and example<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Regla_de_Equidad_aplicada_en_seguros\"><\/span>Equity Rule applied in insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As important or more important than taking out insurance, it is also important that the insurance policy contains the correct information and data on the risk to be insured.<\/p>\n<p>Otherwise, when a claim arises, the insurer may use and apply the rule of equity to determine the actual compensation due to him.<\/p>\n<p>The equity rule is a simple mathematical operation applied by insurers to correct premium shortfalls.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><strong>To avoid it, it is only necessary to pay attention that all the data recorded and reflected in the <a href=\"\/en\/special-conditions\/\">special conditions<\/a> of your contract, are correct.<\/strong><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h3><span class=\"ez-toc-section\" id=\"Regla_de_Equidad_su_aplicacion_y_ejemplo\"><\/span>Fairness Rule: its application and example<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As indicated in a previous paragraph, this rule can be applied when a claim occurs as a consequence of an insufficient premium, due to an incorrect identification of the insured risk. The result is a reduction in the value of the indemnity.<\/p>\n<p>The formula applied in these cases is as follows:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img decoding=\"async\" width=\"950\" height=\"107\" src=\"https:\/\/lawebdeseguros.com\/wp-content\/uploads\/2025\/06\/REGLA-DE-EQUIDAD-950x107-1.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"Equity Rule applied in insurance\" title=\"REGLA-DE-EQUIDAD-950x107\" srcset=\"https:\/\/lawebdeseguros.com\/wp-content\/uploads\/2025\/06\/REGLA-DE-EQUIDAD-950x107-1.jpg 950w, https:\/\/lawebdeseguros.com\/wp-content\/uploads\/2025\/06\/REGLA-DE-EQUIDAD-950x107-1-300x34.jpg 300w, https:\/\/lawebdeseguros.com\/wp-content\/uploads\/2025\/06\/REGLA-DE-EQUIDAD-950x107-1-768x87.jpg 768w\" sizes=\"(max-width: 950px) 100vw, 950px\"  data-dt-location=\"https:\/\/lawebdeseguros.com\/en\/rule-of-equity\/regla-de-equidad-950x107\/\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Where the actual net premium is the premium that would have been payable if the characteristics and nature of the risk had been truthfully declared.<\/p>\n<p>We will give an example to understand its application.<\/p>\n<p>Imagine that you have taken out a business insurance policy stating that you have an alarm system connected to a security centre or police, as a protection measure. A robbery occurs and it turns out that at that moment you do not really have an alarm because you cancelled it but did not inform the insurer. The insurer applied a discount on the insurance premium for this concept.<\/p>\n<p>Let us assume that your net insurance premium was \u20ac250, and that if the declaration had been correct, as you did not have an alarm, the premium would have been \u20ac270. The valuation of the theft amounts to \u20ac3,000.<\/p>\n<p>The insurer would calculate the value of the compensation due to you as follows:<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img decoding=\"async\" width=\"1024\" height=\"193\" src=\"https:\/\/lawebdeseguros.com\/wp-content\/uploads\/2025\/06\/RESULTADO-REGLA-DE-EQUIDAD-1024x193-1.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"Equity Rule applied in insurance\" title=\"RESULTADO-REGLA-DE-EQUIDAD-1024x193\" srcset=\"https:\/\/lawebdeseguros.com\/wp-content\/uploads\/2025\/06\/RESULTADO-REGLA-DE-EQUIDAD-1024x193-1.jpg 1024w, https:\/\/lawebdeseguros.com\/wp-content\/uploads\/2025\/06\/RESULTADO-REGLA-DE-EQUIDAD-1024x193-1-300x57.jpg 300w, https:\/\/lawebdeseguros.com\/wp-content\/uploads\/2025\/06\/RESULTADO-REGLA-DE-EQUIDAD-1024x193-1-768x145.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"  data-dt-location=\"https:\/\/lawebdeseguros.com\/en\/rule-of-equity\/resultado-regla-de-equidad-1024x193\/\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>In this case, instead of receiving compensation of \u20ac3,000, he would receive \u20ac2,777, causing him a financial loss of \u20ac223.<\/p>\n<p>In summary, declaring that he had an alarm as a risk protection measure saved him \u20ac20, but when the loss occurred, this omission caused him a loss of \u20ac223 in compensation.<\/p>\n<p>This rule may also apply, for example, to life insurance where the date of birth or profession declared is incorrect, to SME insurance where the fire or burglary protection measures are inaccurate, or to any other insurance where the premium would have been higher if the risk had been correctly declared.<\/p>\n<p>Therefore, we insist: to prevent this from happening, we advise you to accurately declare all circumstances and details of the risk to be insured. In addition, thoroughly check the <a href=\"\/en\/special-conditions\/\">special conditions<\/a> of your policy to check that all data is correctly reflected.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The rule of equity adjusts the indemnity when the data of the insured risk is incorrect. If the premium was lower due to an inaccurate declaration, the insurance pays proportionally less.<\/p>","protected":false},"author":2,"featured_media":2329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_joinchat":[],"footnotes":""},"categories":[20],"tags":[],"class_list":["post-2328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-terminos-frecuentes","category-20","description-off"],"_links":{"self":[{"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/posts\/2328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/comments?post=2328"}],"version-history":[{"count":0,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/posts\/2328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/media\/2329"}],"wp:attachment":[{"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/media?parent=2328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/categories?post=2328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/tags?post=2328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}