What are the two main categories of’assurance ?
The insurance is a periodic contribution which allows the subscriber to be compensated in the event of claims. The risks generally covered by an insurance contract are accidents, fires, theft and others. Insurance reimbursements can cover physical damage repairs, but also material damage. There are therefore two main categories of insurance: personal insurance and property insurance (damage insurance).
Here is a detail on each of these insurances.
The first type of insurance that exists is personal insurance. This is a cover for any risks incurred by the subscriber or his beneficiaries. These risks include bodily injury, death, illness, temporary and permanent disability.
Personal insurance can take into account provident insurance. In the lot, we quote the borrower guarantee, the education annuity, the daily allowances and others. Personal insurance also covers health risks.
They are divided into two main categories.
This is the mandatory guarantee through the social security contribution and the additional guarantee. For the latter, you can use the services offered by conventional insurers or a mutual. Still in relation to personal insurance, it must be said that you can take it out personally or opt for a group contract.
Insurance payouts can come in different forms. It can be a bonus or something else. In the case of a life insurance for example, the contribution is equivalent to a savings.
It comes in the form of capital or annuity.
The second major category of insurance is damage. Here, compensation covers repair of material damage in case of calamity.
Damage insurance takes into account the goods, but also the responsibility of the subscriber. For the reimbursement of goods, this is possible for damage caused to a vehicle, for example.
The protection of furniture and buildings is also taken into account for the protection of goods contained in damage insurance. As far as liability is concerned, it concerns all damage caused by the subscriber. We talk about civil liability, professional liability and family civil liability.
To illustrate, in the event of a traffic accident involving the responsibility of the subscriber, the latter will benefit from a reimbursement to repair the car. In the event of damage caused to a third party, the reimbursement will also take this aspect into account. However, it should be noted that damage insurance including the liability of the insured is not compulsory.
However, coverage is recommended.
To subscribe, you will have to choose between Collision Damage Waiver and All Accident Damage Waiver. The first type of contract includes the presence of an identifiable third party to be considered for compensation. The second type allows compensation even in the absence of third parties.
What insurance to take out ?
Between personal insurance and property insurance, the best choice is the one that best meets your needs hedging needs. However, for certain high-risk professions, personal insurance is more recommended. Thus, in the event of injury or other bodily injury, your contribution will be used to reimburse treatment.
Property insurance will be more useful, for example, in the case of transporting goods or to cover equipped accommodation in which there is no resident. You have the possibility of taking out several guarantees in your insurance contract.
We will then talk multi-risk insurance. This insurance offers you optimal coverage for all types of risks and you will be able to benefit from compensation for material and immaterial damage.
However, it would be to your advantage to compare several insurance contract offers before choosing the one that best suits your situation. Ideally, the guarantee you take out should cover the risks associated with your daily life or your activity.
In addition to the insurance coverage, you will also benefit from checking the insurer’s premium. This will allow you to make an efficient choice. Do not forget also the exclusions of guarantee before subscribing to the contract.
Using an online comparator is the best way to save time when comparing several insurance contracts.