Showing posts with the label voluntary insurance

Insurance Against the Flu: Key Points and Offers

Insurance Against the Flu: What You Need to Know About Policies and Offers Some insurance companies offer voluntary health insurance (VHI) programs for protection against the flu and acute respiratory diseases, but there is no unified approach to this issue. Some programs include mandatory vaccinations and compensation for illness, while others provide flu treatment within broader insurance plans without having separate programs. Specialized flu insurance may exist, but difficulties in diagnosis and determining the connection between complications and the flu can lead to disputes over claims. Overall, while specialized programs may be more affordable, the uncertainty in diagnosis makes them less appealing to insurers. Challenges: The main issue with flu insurance is the difficulty in diagnosing influenza distinctly from other respiratory infections. Insurers require a clear flu diagnosis to determine coverage, leading to potential disputes over claims. If complications arise, the i...

Should the cargo be insured if the carrier/freight forwarder's liability is insured? All transportation operations related to cargo transportation are inextricably linked to damage, loss or destruction of cargo as a result of various circumstances. In the civilized world transportation of cargoes without insurance is practically impossible, so most of the companies choose to pay a small insurance premium compared to the real value of the cargo, so that in case of problems with the cargo to solve them at the expense of insurance. Quite often it is possible to hear a wrong judgment from cargo owners that if the carrier's liability is insured, then in case of unsafe delivery of cargo - the cargo owner will receive compensation in any case and accordingly the question may arise - whether it is necessary to additionally insure their cargo? This situation today is very relevant for many cargo owners who want to save money on insurance. Therefore, I would like to analyze this issu...

Car insurance: the main points

Car insurance: the main points "You call on God, but you have to do it yourself". This proverb is very applicable to the topic of risk insurance. When you buy a car, you want to think only about the positive aspects of its use. And this is correct. However, you should not forget that a car is a means of increased danger and, therefore, increased responsibility. After all, its operation involves risks of harm to the vehicle itself, its owner, and third parties. Therefore, we hope for the best, but do not forget about the need to insure our liability (possible risks and losses). The legislator also thought about this, providing for mandatory forms of insurance for vehicle owners. In addition to compulsory insurance, no one deprives car owners of the right to additionally use voluntary insurance. In this section, we will consider in detail all the most important issues that may be related to vehicle insurance. Insurance is a rather specific type of activity. Therefore, bef...

CASCO Insurance

CASCO Insurance CASCO (from the Italian word casco - helmet) is the insurance of a vehicle against risks that may arise during the operation of the vehicle. "Full CASCO" means insurance against all possible risks, while "partial CASCO" covers only some risks. CASCO insurance means only insurance of the vehicle itself and does not include insurance of liability to third parties, insurance of the driver and passengers, property (cargo insurance) transported in the vehicle. Objects of insurance The subject of the motor hull insurance are means of land transport - trucks, cars, special cars, motorcycles, trailers and some other vehicles owned by legal entities or natural persons, including additional equipment and facilities, which are in the possession of the Insured on the basis of ownership, use or disposal. The insurance is provided at rates that depend on the type of vehicle, its age, value, type of use and storage conditions. This type of insurance also tak...

Insurance of civil liability of the liquidator Insurance of civil liability of a bankruptcy trustee (receiver, manager, liquidator) for damage that may be caused in connection with the performance of his duties is a type of insurance, the subject of which are property interests, not in conflict with the law, related to compensation of damage caused by the insured or another person, whose civil liability to third parties is insured, as a result of the professional activity of the bankruptcy trustee (receiver, manager, liquidator). This type of insurance provides for the insurer's obligation to pay indemnification to a third party for a fee (premium, insurance payment, insurance premium) established by the insurance contract in accordance with the terms of the insurance contract for damage caused by unintentional actions or errors in the exercise of the powers of the insolvency manager (receiver, liquidator, liquidator). Agricultural insurance Agricultural insurance (Insurance...

Agricultural insurance

Agricultural insurance Agricultural insurance (Insurance of agricultural products) is a type of insurance where the subject of the insurance contract are property rights, not contradicting the law, related to compensation of losses incurred by the Insured or another person designated by the Insured in the insurance contract while growing, harvesting agricultural crops and perennial plantations, growing (breeding), fattening (keeping) farm animals, poultry, rabbits, bee colonies and fur-bearing animals, growing, breeding, catching (harvesting) fish and other aquatic living resources, and other livestock products. This type of insurance provides for the Insurer's obligation to pay indemnity in accordance with the terms and conditions of the Insurance Contract by reimbursing the Insured or another person designated by the Insured in the Insurance Contract (the Beneficiary) for the loss incurred by the Insured in connection with the damage - death (loss) of crops (plantations), dea...

Medical expenses insurance

Medical expenses insurance Medical expenses insurance is a type of insurance under which the subject of the insurance contract are property interests, not in conflict with the law, related to the life, health of the Insured or a third party (the Insured) designated by the Insured in the insurance contract with his consent, as well as medical and additional expenses directly related to the occurrence of the insured event during the Insured's or the Insured's trip(s). This type of insurance provides for the Insurer's obligation to pay indemnification in the amount of the insured sum or a part thereof in accordance with the terms and conditions of the Insurance Contract by reimbursing documented expenses incurred by the Insured or the insured person for medical and other assistance in connection with the insured event during the Insured's or the insured person's trip (journey) for the fee (insurance premium, insurance payment, insurance premium) established in the ...

Insurance of issued guarantees (sureties) and accepted guarantees Insurance of issued and accepted guarantees (sureties) is a type of insurance where the subject of the insurance contract are property interests that are not contrary to the law and are related to losses Losses incurred by the creditor as a result of non-fulfillment (improper fulfillment) of obligations by the guarantor (surety) in the amount and within the terms specified in the guarantee (surety agreement); Losses incurred by the guarantor (surety) as a result of non-performance (improper performance) by the debtor of its obligations to the creditor to the extent and within the terms specified in the agreement. This type of insurance provides for the insurer's obligation to pay the insurance indemnity in accordance with the terms of the insurance contract for the fee (insurance premium, insurance payment, insurance premium) established by the insurance contract by indemnifying the Insured, if the Insured ...

Legal expenses insurance

Legal expenses insurance Legal expenses insurance is a type of insurance where the subject of the insurance contract are property interests that do not conflict with the law and are related to losses incurred by the insured or another person designated by the insured in the insurance contract (beneficiary), legal expenses. This type of insurance provides for the Insurer's obligation to pay indemnification in accordance with the terms of the Insurance Contract, indemnifying the Insured or another person designated by the Insured in the Insurance Contract (the Beneficiary) for the loss incurred by them in connection with unforeseen legal expenses against payment of the fee (insurance premium, insurance payment, insurance premium) established by the Insurance Contract. Financial risk insurance Financial risk insurance is a type of insurance where the subject of the insurance contract are property interests, not in conflict with the law, related to financial (material) losses as...

Financial risk insurance

Financial Risk Insurance Financial risk insurance is a type of insurance where the subject of the insurance contract are property interests, not in conflict with the law, related to financial (material) losses as a result of breach of contractual obligations to the insured or events stipulated in the insurance contract. This type of insurance provides for the insurer's obligation to pay indemnity in accordance with the terms of the insurance contract by reimbursing the insured or another person designated by the insured in the insurance contract (beneficiary) for losses incurred as a result of business interruption, breach of contractual obligations (non-performance or improper performance by the counterparty of contractual obligations to the insured) or other events stipulated in the insurance contract. The terms and conditions of voluntary financial risk insurance may provide for insurance against damage to the insured or another person specified in the insurance policy (ben...

Investment insurance

Investment Insurance Investment insurance is a type of insurance where the subject of the insurance contract are property interests, not in conflict with the law, related to investment activities of the insured or another person designated by the insured in the insurance contract. This type of insurance provides for the insurer's obligation to pay indemnification in accordance with the insurance policy by compensating the insured or another person designated by the insured in the insurance policy (the beneficiary) for the loss incurred in the course of investment activities as a result of the loss of investments or a part thereof, failure to receive investment income for reasons specified in the regulations and the insurance policy. Loan Insurance (Liability for Loan Default) Loan insurance (including borrower's liability for loan default) is a type of insurance where the subject of the insurance contract are property interests that do not contradict the law and are rela...

Loan insurance (including the borrower's liability for loan default) Loan insurance (including borrower's liability for loan default) is a type of insurance where the subject of the insurance contract are property interests that do not contradict the law and are related to Losses incurred by the Insured (Lender) as a result of non-repayment or incomplete repayment of the loan and/or interest accrued thereon by the Borrower Liability of the Insured (Borrower) to the Lender for non-payment or incomplete repayment of the Loan and/or interest accrued thereon in accordance with the Loan Agreement. This type of insurance provides for the Insurer's obligation to pay indemnity in accordance with the terms and conditions of the Insurance Contract by compensating the Lender or another person designated by the Insured in the Insurance Contract (Beneficiary) for the losses incurred by them as a result of the Borrower's failure to repay or incomplete repayment of the Loan Am...