Insurance

Home insurance claim or assistance? What’s the difference?

Published

2 years ago

September 10, 2022

Did you know that there is a difference between a home insurance claim and assistance? While the first works as a financial protection in case of risks or incidents in the house, the second represents a package of services focused on solving domestic emergencies.

When an insurance contract is signed, the family has extra security for the residence and household budget. In the event of a claim, the contractual relationship provides for the right to financial compensation for the insured, under the terms of the contract.

In this article, you will understand better about the loss in home insurance and the differences in relation to assistance. So, read on to make the best choice!

What is home insurance?

Home insurance aims to offer complete protection for the insured’s property. What does that mean? That the contract will cover both structural problems and possible difficulties related to the interior of the house.

It is with residential insurance that the contractor has coverage against financial losses in the event of a claim — which is any event from which the material property indicated by the policy suffers damage. Thus, they are able to receive compensation for unexpected expenses, unlike the assistance proposal, as we will see later.

Now, anyone who thinks that taking out insurance compromises the family budget is wrong. The cost is around 1% of the value of rebuilding the property. In this sense, it represents one of the types of insurance that can best be shaped according to the policyholder’s objective and needs.

For this, there are basic and additional coverage, which must be evaluated in order to meet the interest of the insured. Basic coverages are those that have essential items, present in most insurance offered to the public.

Here, the insured is entitled to compensation for damages caused by explosion, lightning and fire, for example. As for additional coverage, it is possible to hire packages that include the interior of the property or, even, civil liability insurance , which protects against damage to third parties.

For example, if an object falls out of your window and unfortunately hits a person, you guarantee the right to reimbursement of all medical expenses. Other examples of additional coverage are against:

theft;
theft;
vehicle impact;
electrical damage;
damage due to windstorms, floods or hail ;
personal accidents;
loss coverage;
payment of rent to third parties, among others.

It is important to note that each insurer has different rules and criteria. Therefore, it is essential that you search the market for serious companies that are recognized for the safety and quality of the service offered.

What is residential assistance?

Residential assistance is a set of services focused on helping in cases of domestic emergencies. The insured who opts for this modality has services that help to solve everyday unforeseen events.

Thus, it is a 24-hour assistance, linked to home insurance, but focused exclusively on solving routine emergencies. As examples of services offered, we can highlight:

security and surveillance;
cleaning;
cleaning;
laundry expenses;
temporary roofing for tiles;
indication of professionals (such as a locksmith, nanny, etc.);
services for domestic animals , among others.

Assistance is very interesting for those who live alone, do not have a maid, often travel or spend a lot of time away from home. Insurers offer numerous options for plans, from the most basic to the most complete – in which the usage limit is higher and there is a wider range of services.

It is worth noting that the insured must seek an assistance plan focused on their needs, because it is not interesting to hire what will never be used. For example, it doesn’t make sense for you to include an additional pet services if you don’t have one.

What are the differences between insurance and assistance?

The characteristics of each of the contracts already point to their differences. While the insurance indemnifies the contractor for the risks described and defined in the policy, assistance is a package of services that aims to help cover common problems in the domestic routine.

Thus, residential assistance will help with small daily unforeseen events, but it will not protect against significant damage in the event of an accident. Meanwhile, the insurance is a broader protection and it includes the option of 24-hour assistance.

The difference between them is, therefore, in the moment of activating the service. Insurance coverage is requested in unexpected situations that lead to expenses and losses, such as electrical discharges and fires. Assistance will be called in for emergencies such as the loss of a key, a sink leak or an electrical problem.

What do you need to know before hiring?

To hire this type of service safely, the first step is to look for a serious company that clearly guides you about the clauses, coverage and requirements that need to be met.

It is also essential to know the contract, read all the data calmly and ask the broker for clarification in case of doubts. Remember that the policy will contain all information about your insurance, so only what is written in the document is valid.

Hence the importance of seeking such a service in serious companies committed to the care of their policyholders. These products are in high demand today, mainly because of their low cost and the benefits they bring to well-preserved families.

In addition to guaranteeing protection for the property in the event of something serious, they also offer assistance in solving small routine problems , which makes everyday life easier. When hiring, inform yourself about the assistance and look for an option that offers you security and practicality.

Do you understand the difference between a home insurance claim and assistance? So do not lose more time! Today’s busy routine requires the insured to have planning and efficient support to resolve situations that are beyond their control.

Insurance

Insurance risk analysis: how does it work?

Published

2 years ago

September 10, 2022

Sunny Wars

Risk analysis criteria in insurance have become increasingly sophisticated and precise. This assessment is used by the insurer to classify the customer’s situation in relation to the risks to which he is exposed, how his habits interfere with these risks and how much he is able to pay in an insurance policy.

Usually, the client is evaluated with a simple questionnaire model, answering questions such as age, marital status, health condition, occupation, among others. The insurer then submits this to statistical models and prices the insurance according to what it will insure and your lifestyle. But how does each of this information influence the price of insurance? Read on to find out.

What raises the price of insurance: being young or being old?

Age can make insurance more expensive or cheaper, depending on the risk being analyzed. For example, for car insurance, the driver’s maturity counts, and this is usually measured by age or driving time.

In relation to life insurance, old age ends up becoming more expensive, since the risks of diseases and infections end up being greater than in youth.

The age criterion can often be offset by other parameters related to lifestyle. A young customer looking for life insurance may have a policy that is more expensive than an older customer if the youth participates in higher risk activities and has unhealthy habits.

What is considered risk for my vehicle insurance?

The make and model of the car are taken into account for the cost and frequency of maintenance. In addition, the insurance is more expensive if the type is targeted for theft.

Older cars have a very high insurance value compared to their market price. This is due to the lower availability of spare parts, greater need for maintenance and less guarantee of the vehicle’s state of conservation. However, when comparing the face value of insurance between new and old cars, the difference is not that great. Therefore, each risk must be considered separately.

Depending on the risk coverage that is made for the vehicle , the insurance can become more expensive or cheaper. A plan that covers theft, fire, collision, and third-party liability is, of course, more expensive than a plan that only covers one of these risks.

Insurance risk analysis: Do insurers consider my lifestyle?

In the car insurance market, the frequency of use and the general condition of the car are parameters considered to assess the customer’s lifestyle. Cars used very frequently will be rated at higher risk and therefore will be more expensive.

If the customer wants property insurance, involving coverage against theft, it will be cheaper if it is observed that the property is being well guarded and that the customer is concerned about security.

Even an agricultural producer who needs coverage for damage to rural production machines can be evaluated for his care with the equipment.

Why does my marital status affect the amount of insurance?

Marital status is often used as a lifestyle criterion. The classification of the behavior of married and single people comes from statistical bases that reflect these patterns.

Single people typically go out more at night, are more socially active, and are therefore considered to be a higher risk group than couples.

A couple with children usually has very different assessments from single people without children, since the child greatly influences the lifestyle of a couple. Therefore, insurance that relates to lifestyle risks is cheaper when the client has children.

Does the place where I live affect only my property insurance?

The neighborhood where the client lives can influence the risk of accidents that happen close to home. If the accident rates are high in the region, the insurance company may assess that its client is at risk every time he is leaving or arriving home.

Generally, the population density of the region is used as a parameter to assess whether the risk of car accidents is large or small. Thus, a busier neighborhood will have more expensive car insurance.

The safety of the neighborhood is also taken into account not only for the property, but also for the protection of the car, insured assets inside the house and the client’s own life. Taking out insurance for dangerous places is generally more expensive.

Virtually any information about a customer’s lifestyle can be used in evaluating a policy. Insurance risk analysis uses statistical validations as a price and feasibility parameter whenever a customer requests the service and, therefore, the insurance value is usually very precise and calculated.

Insurance

Find out if life insurance enters the inventory!

Published

2 years ago

September 10, 2022

Sunny Wars

A very common question from those who are researching insurance is whether Life Insurance enters the inventory. Well, the answer to it is quite simple: no, life insurance doesn’t go into the inventory. In fact, there are many differences between this type of insurance and the sharing of an inheritance. For example, in the case of inheritance, only legal heirs can benefit from the assets left by the deceased, while in Life Insurance there is no such requirement.

What is inventory?

Inventory is the process that takes place after the death of a person, and can occur judicially or extrajudicially and with a maximum period of 60 days for its beginning. Its purpose is to share the assets and debts of the deceased, ensuring a fair succession for each legal heir. This process can be requested by any interested person, whether spouse, children, or even creditors.

How it works?

From the moment the inventory process begins, in a judicial inventory, the first thing to be done is the appointment of an administrator who will be the person responsible for taking care of the assets in question and ensuring the progress of the action until the end. .

If the heirs are all of age, the sharing of assets will take place more quickly, as long as everyone is in agreement. If there are minors, it will be necessary to wait a little longer until the judge’s approval.

The division of assets can follow the deceased person’s will (if he left one) or what is stipulated by law. It is expected that the spouse will receive 50% of the inheritance, while the children will share the other half according to the hereditary order.

If someone feels wronged, it is possible to take legal action to recover some benefit. This can be useful in the case of children who were not recognized in life or who are the result of an extramarital relationship.

What is Life Insurance?

As with other types, Life Insurance guarantees protection against situations that may result in the death of the insured, providing an indemnity to the beneficiaries, stipulated in the contract, if this fatality occurs.

Its operation is very similar to that of other modalities, in which the contractor includes the coverage he wants, pays the insurance premium monthly or annually and is entitled to coverage in cases where the policy allows.

It is worth mentioning that the insurance holders do not benefit from the indemnity, only the listed beneficiaries. In addition, there is the possibility of flexibilizing the way in which compensation will be paid and even including funeral assistance in some cases.

Who is entitled to Life Insurance?

Any person of interest to the contractor can be a Life Insurance beneficiary. In other words, it is entirely possible to include friends, neighbors, relatives and even spouse and legal heirs to fill this position.

The only detail to pay attention to is that beneficiaries can only receive the appropriate compensation if they are of legal age, that is, at least 18 years old. Otherwise, the money will be withheld until the beneficiary person reaches the age of majority.

Does life insurance go into the inventory?

Life Insurance is not included in the inventory because it is not an asset accumulated during the life of the holder. In other words, as this money was never part of the contractor’s real estate, it cannot be counted as equity.

In addition, as this is an indemnity paid to beneficiaries after the death of the holder, the amounts of money will be made available within a period of up to 30 days after the request is made.

Just to be clear whether life insurance goes into the probate or not, the answer is no. Keep this in mind.

After all, what is the advantage of Life Insurance?

So far it has been evident that Life Insurance is a great tool used to protect the people we love, regardless of the existing blood relationship. In addition, there are other benefits that this type of insurance offers. Check it out below!

Possibility of indicating any person : unlike the inheritance, it is totally possible to include any person in the list of beneficiaries, without major restrictions;
no need to take inventory to access compensation : unlike sharing the assets of an inheritance, the amount intended for beneficiaries is available within a maximum period of 30 days — which reduces the waiting time;
there are no state taxes : unlike inheritance, it is not necessary to pay ITCMD to have access to financial resources;
there is no withholding by the court : since the beneficiaries will receive money that was never part of the deceased’s estate while he was alive, the court cannot freeze the financial resources to pay off possible debts left by the contractor.

How to get Life Insurance?

Once you understand that it is very advantageous to have a Life Insurance to protect your family and friends, it remains to know what to do to have more details about this type of insurance.

The first thing to do is to find out a little more about how this product works, trying to understand conditions, fees, premium amounts to be paid , duration of coverage (when applicable), among other things.

This whole process can be streamlined if you have someone to guide you and answer your questions. Therefore, in these cases, the most recommended thing is to talk to a well-trained professional to guide you and show you the best path to take, by clarifying fundamental legal issues of both the inheritance and Life Insurance process.

Health Insurance

Why is Civil Liability Insurance so important?

Published

2 years ago

September 10, 2022

Sunny Wars

During professional practice, it is quite common for people to consider themselves incapable of causing harm to third parties. But what could go wrong? Well, this is the question that is usually answered with a lot of surprise, precisely in the situation where a customer feels wronged.

Thus, we deem it important to discuss civil liability insurance . After all, regardless of the service, product or workforce being sold, or even your bureaucratic circumstance, as an Individual or Legal Entity, we are all subject to making mistakes and harming someone, even if unintentionally.

Eager to find out how to ensure the integrity of your professional operation? So, embark on this reading!

What is Civil Liability Insurance?

Essentially, contracting civil liability insurance consists of protecting yourself, your property and/or your company from the discharge of damages caused to third parties during your professional practice.

Therefore, this insurance consists of a policy that will bear the eventual indemnity costs, depending on the injury to the third party. As this is a type of insurance, it respects market standards, which limit the amount indemnified according to the coverage contracted.

It is still important to emphasize that this insurance can be used to indemnify both material and physical damages, being, therefore, a fundamental policy for health professionals .

But don’t think that only these professionals are subject to complaints. Bear in mind that people — individuals and companies — in the financial and infrastructure sectors face a huge burden of responsibility in their activities, whether managing an investment portfolio or building a solid building.

How important is it to people?

The protection is given to the property and integrity of the professional responsible for the damage. It is necessary to recognize that people are responsible or even make mistakes, above all, involuntarily. Thus, civil liability insurance — with its different coverage — protects the patrimony of the Individual or Legal Entity, depending on a conviction or court agreement.

We also highlight: this insurance is available for contracting by Individuals, personified by liberal and self-employed professionals, who wish to protect their activities.

But it is the Legal Entities that really need this policy, as, due to the greater number of commercial interactions, they are consequently more exposed to claims from other parties.

What types of coverage are offered?

Okay, now that you understand what liability insurance is all about, as well as recognize its importance to the smooth practice of your profession, it’s time to discover the main types of coverage offered. Check out!

Mediation

Good civil liability policies can cover the costs related to hiring an experienced mediator, speeding up negotiations, calming tempers and softening reimbursements.

Defense

Very often, damages caused to customers imply in the judicial transit of the negotiations. In this way, having a robust policy for these unfortunate moments means receiving financial support from the insurance company, in defraying the expenses related to the insured’s defense, regardless of the final sentence.

Indemnity

This is the main reason for taking out civil liability insurance. You will have a limit available to the compensation of the injured party, under the pretext of damage (bodily, material or moral) and/or financial loss, as a result of harmful acts during the provision of your services.

accessories

Accessory covers are of great value, as they include conveniences such as:

slander or defamation;
reputation protection;
emergency expenses;
among others.

How does Civil Liability Insurance help users who go to court?

For the people on the other side of this equation — the injured — civil liability insurance is also a fundamental tool, mainly because it guarantees agility in the moral and financial retraction of the damages suffered.

A professional who does not have good insurance for advising will need to deal with the entirety of the processes, personally hiring a mediator, experts and other inconveniences attached to this type of situation – in addition to having to bear personal or business assets, with the damages caused to the consumer. applicant.

What is the average value of this insurance?

In reality, there is no average of the values practiced in the market, precisely because of the infinity of professional exercises and their different risks and indemnification frameworks.

However, we emphasize that some factors define the value, for example:

whether the insurance was contracted by an individual or legal entity;
the limit insured in the policy;
the nature of the services provided.

As always, insurance policies and health plans are services contracted without the desire to ever use them. However, they are indispensable, once again when activated.

How to find reliable companies for Civil Liability Insurance?

Basically, you need to look at the broker’s reputation in the market. After all, for the moment you need it, you will not be helpless, receiving all technical, bureaucratic, legal and financial assistance.

Therefore, analyze the broker’s history, identify its social commitment, seek testimonials about the company, analyzing its ability to help you in times of emergency .

In addition, it is equally important to check the suitability of the policies offered for your professional activity, ensuring that the risks to which you are exposed will be taken into account when resorting to the insurer.

Finally, the price! In an act of financial responsibility , you need to ensure your budget balance, finding a company that combines fair values with necessary benefits.