The best insurance: contracts at the best prices geico quote

 

Definition

The insurance refers to the mechanism by which an identified risk of life is financially covered by an insurance company. The repair of the damage caused by the accident falls to the insurance company and not to the direct person in charge who, auto owner undoubtedly, would risk the ruin.
This is organized within the insurance contract, known as the insurance policy , which specifies the risk (s) covered, defines exactly the guarantees and sets the conditions for the engagement of the insurance. In exchange, the insured pays a regular contribution , progressive auto  the price of which depends on the nature of the risk, the intensity of the risk in the specific context of the insured, the level of the deductible and the guarantees taken out.

Risk pooling

costco car insurance The contributions received by the insurer are pooled and managed so that the insurance company can provide guarantees to its policyholders and pay the compensation or life insurance annuities provided. The pooling of risks results in the pooling of contributions, the basis of the solvency of the insurance organization geico quote.
In the end, average car insurance cost considering that no one is immune to an accident and the insolvency that would result from individual compensation for damage or health costs, the contribution takes the form of an advance on liability debt, or a provision spread over time for the cost of the claim. Being insured looks a lot like good management, rather than irresponsibility.
 
To illustrate the mechanism of insurance, let us take an example of complementary health insurance. In the dental field, let us see the frequent and so natural risk of the loss of teeth with age or, as a result of an accident:
For the necessary dental appliance, let's assume an invoice of € 2,000
Social security provides for a reference rate of € 182.50 in 2016, a rate on which health insurance reimburses 70%, or € 127.75. Remainder at your expense 2000 - 127.75 = 1872.25 €.

Your complementary health insurance will intervene to cover part of this remaining balance. The level of dental care coverage will depend on the guarantees subscribed: 100% of the social security tariff ( convention tariff ), 300%, or much more if a dental reinforcement guarantee has been taken out. We generally speak of dental mutual insurance .

Distinguish between insurance contracts
Schematically, insurance distinguish between personal insurance and property insurance and are divided as the various risks.  comprehensive coverage Are found in the category of property insurance, automobile insurance , certain guarantees of home insurance or property damage insurance . As for the personal insurance category, the main focus is life insurance and complementary health insurance , followed by borrower insurance , provident insurance and even retirement savings plans .
Another distinction can be made between optional insurance and compulsory insurance listed by the Insurance Code. Apart from compulsory professional insurance, the best known compulsory insurance is the insurance of motor land vehicles for traffic risk.  costco car insurance Next comes comprehensive home insurance, whose liability guarantees are essential in everyday life.  costco auto insurance The obligation of home insurance is legally provided for the tenant, but for the owner they are de facto necessary. Borrower insurance is also part of compulsory insurance when it comes to guaranteeing a mortgage.
The need for risk coverage is just as true among professionals and companies. The assumption by an insurance organization of risks linked to an operation even has tenfold repercussions on the economy. For example, coverage for business interruption following a fire or natural disaster will help keep the business going.

The weight of insurance companies. 

The intervention of insurance companies is such that they have become the key to our economies. Not only is it their responsibility to protect people and property, but they are also major investors. Indeed, any insurance company manages and invests the sums collected before paying them in respect of their commitments. progressive auto

It should be remembered that in 2014 the contributions paid to the insurance sector exceeded 200 billion euros, including 148.9 billion euros for personal insurance and 51.1 billion for property and liability insurance. At the same time, insurance companies paid out nearly 159 billion euros in benefits.