The D of Insurance

What should I also pay the premium for my insurance cover me in an accident?

 Hi everybody, I hope my past articles in the ABC of insurance have found useful and enjoy it. The insurance issue is very important, so I would like to explain more about these concepts, so that little by little awareness of their advantages and benefits.

As reviewed earlier, the insurance contract must pay a premium, amount of money in exchange for our insurance cover us to the risk of an accident (whether accident, shock, illness, etc.). However, the premium will not be the only amount we pay.

In addition to paying the premium, there are a couple of amounts we cover, which will be paid only in case of an accident, they commonly apply to car insurance and medical expenses, but depends on the insurance you have hired.

First, we have a coinsurance , a percentage that you will pay in the event of an accident. This feature is used to cover a small part of total expenditure and depends on some variables.

On the other hand, there is a deductible , fixed amount payable maximum in case of an accident. The higher the deductible, the cost of your premium will be lower.

The difference between a deductible and coinsurance, the deductible is that the amount payable will be fixed for each claim, while the coinsurance may vary according to circumstances.

These amounts are charged by the insurance company to ensure that your premiums are cheaper, so you will receive a lower cost and insurance will cover these amounts only in case of an accident.

I hope this information is to your utility and the next time you need to use your insurance you are prepared.

Personal Accident Insurance

If Personal Accident, get advice on how your insurance

I want to talk about an issue that is not as complicated as people think: the Personal Accident insurance. You just have to be informed, because you never know when they may occur and should always be prevented.

Accidents happen all the time and often can endanger our health and our economy. A Personal Accident Insurance keeps you calm and helps prevent concretely the economic impact that an accident may cause.

There are different types of insurance costs to prevent accidents and these vary in the people they protect and the scope they offer. For example, you can hire a Personal Accident Insurance Individual or a Family. In addition, we purchase insurance protection you provide on our trips, whether for pleasure or work.

Medical fees and hospital charges are often high, and sometimes they can strongly affect our economy after an accident that requires attention.

In case of any accident which requires medical attention and / or hospitalization, your insurance can work in two ways:

The first is with your insurance card, which you can present to arrive at the hospital and ensures a rapid entry to receive medical attention, which in many cases the costs will be covered by insurance; only have to pay (if necessary a) a deductible or coinsurance.

The second option will be to cover your own expenses, then the company will refund the invoice and presenting them in accordance with the provisions of your policy.

A personal accident insurance, as well as protection and financial support can ensure that deserve attention in difficult times and simplify your problems. Well the saying goes, better safe than sorry.