Most Asked Questions About Insurance
Definition of the word Insurance
Insurance is a operation by which a person -the insurer-undertakes to provide a service,And within framework of a insurance contract, for the Best benefit of another individual (the insured) at the time of the occurrence. of a risk and in return for the payment of a contribution or a premium.
What is the role of insurance?
The essential mission of insurance is to provide people with the security they feel they need. It protects them against the risks of chance which threatens them in their person as in their property and thus gives them confidence in the future.
What are the different types of insurance?
What are the different types of insurance? There are 4 major insurance groups to which you can subscribe. Individual insurance, group insurance, property insurance and activity insurance.
What is compulsory insurance?
What are the compulsory insurances?
insurance of motor land vehicles for traffic risk.
hunter civil liability insurance.
decennial liability insurance and damage-to-work insurance for building work.
insurance of ski lift equipment.
What are the main principles of insurance?
The principle of insurance is simple: the insurer and the insured enter into a relationship by signing a contract by which: – the insured undertakes to pay one-off or regular premiums, – the insurer undertakes, when an insured claim occurs, to pay compensation to the insured.
What are the best car insurance?
List of the best auto insurance
1 – La Banque Postale. Price: € 11.00
2 – Maaf. Price: € 15.50
3 – MMA. Price: € 16.52
4 – GMF. Price: € 18.20
5 – Macif. Price: € 19.50
6 – Matmut. Price: € 22.90
What is the most interesting auto insurance?
Compare the best auto insurance in less than 5 minutes! Compare the best auto insurance in less than 5 minutes!
The ranking of auto insurers 2020
1. Covéa (MAAF, MMA, GMF) 2. Macif 3. Axa 4. Groupama 6. Crédit Agricole Assurance
8. Crédit Mutuel
How do insurance companies work?
The insurance company is generally a company bringing together insurers of all kinds. It offers various coverages aimed at supporting reimbursements and other compensation that may possibly occur in the life of an individual.
How does the insurance market work?
Co-insurance consists of a proportional sharing of the same risk between several insurers. Reinsurance is an operation whereby an insurance company (the ceding company) insures itself with another company (the reinsurer or the transferee) for part of the risks it has assumed.
What is the benefit of the insurance mechanism?
Insurance is a mechanism for sharing risks, so that they compensate each other. This is called the principle of risk pooling.
What is the cheapest insurance on the market?
The cheapest insurer remains Direct Assurance with 436 euros while the eighth on the list is now Carrefour Assurances offering 762 euros.
What is the cheapest auto insurance?
Eurofil and Bonus 50 insurers at the top of the ranking
In this ranking of the cheapest auto insurance (1), Eurofil and Bonus 50 occupy the first two places, quite clearly ahead of other insurers. A saving of more than 70 euros on the average price of the tested profile.
Is MAIF a good insurance?
I find that the Maif is a very good insurance, especially with regard to serious accidents: the reimbursement is efficient and the staff are very appreciative. The prices are correct and I have absolutely no complaints.
What auto insurance online?
Why use our online auto comparator?
Insurer Third party insurance Third party insurance + theft and fire guarantees
Active Insurance € 170.30 € 274.30
Eurofil by Aviva € 218.89 € 290.59
L’olivier Insurance € 219.04 € 261.59
Euroassurance € 234 € 428.18
How do insurers manage risks on insurance contracts?
HAZARD AND HETEROGENEITY HAVE BEEN CONFUSED
To estimate its rate, the insurer can use statistics, using the law of large numbers. In other words, it can manage the heterogeneity of the results of its various contracts by relying on statistics.
How did insurance come about?
In the modern sense, insurance dates back to the Great Fire of London of 1666, which destroyed 13,200 buildings. Following this fire, Nicholas Barbon opened an office to insure the buildings. In the United States, the first company was created in 1732.
How does car insurance work?
material damage coverage: the insured is compensated for damage caused to his vehicle in the event of a responsible accident, that is to say an accident to your exclusive fault. If the loss is due to a third party, the driver’s insurer will cover all compensation costs.
Why choose insurance over the bank?
Insurance helps minimize financial risks, so we are an essential link in the stability of the economy. We allow companies and individuals to invest knowing that assets are protected from a large number of hazards.
What risks can be covered by insurance?
The law does not require you to take out home insurance, but if you do take one, the law clearly describes the minimum risks it must cover: fire, storm, hail, pressure from snow or snow. ice, natural disasters, terrorism .
How to pay less for your auto insurance?
Tip n ° 1: adapt the guarantees to your real needs. …
Tip 2: prefer the annual payment of your membership fee. …
Tip # 3: Choose online insurers. …
Tip # 4: don’t report every small claim. …
Tip # 5: Don’t reduce your guarantees to save on your premium.
Why is Direct Assurance cheaper?
Its strengths: Best value for money according to a 2017 Ipsos study. Direct Assurance has been the cheapest automobile insurer for more than 10 years (according to Ipsos studies). In the event of a breakdown or accident, Axa Assistance takes over.
When can you no longer insure your car against all risks?
The age of his vehicle: my car is over 10 years old
We will not surprise you: if your vehicle is new or recent, it is better to prefer comprehensive protection. … Generally, it is assumed that from 10 years, or even 5 years, a third party auto insurance is sufficient to cover the vehicle.