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.

Insurance for Everyone

Standardized Basic insurance

Hello again, in this post from my blog I want participles a very important project for the insurance industry in Mexico, the Standardized Basic Insurance.

As we talked in previous publications, insurance is very important because they are the best financial tool with which we have to prevent or compensate for unexpected expenses of situations we are exposed every day and that can jeopardize our welfare and economy.

Usually people think that insurance is expensive, however, tell you that have created products that  we have access, these are the Standardized Basic Insurance.

I tell you more about them ...

Standardized Basic Insurance born at the initiative of the Federal Government, they are intended to insure people against the most common risks (those that occur more often). This identified need the government to see that almost no one has insurance in Mexico and especially because it is extremely important that everyone is protected.

The risks considered most common are:

Auto Liability
Personal Accident
Medical Expenses
Life


As its name implies, the Standardized Basic Insurance offer the "basic" that can help us avoid financial expense out of our financial planning.

Do not miss the opportunity to prevent and care for what you love, remember that it is better safe than sorry.

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