Taking out insurance is essential in many areas, including health, car ownership and property. But what are the principles you need to know when it comes to contracts and picking the right provider?
What are the compulsory insurance policies?
Insurance contracts
Home insurance
Home insurance must be taken out by all owners if they wish to benefit from a refund in the event of damage caused either by a person or by a natural disaster.
Car insurance
Car insurance is compulsory for all vehicle owners, allowing them to benefit from coverage in the event of an accident, fire or theft.
Health insurance
Thanks to health insurance, you can benefit from refunds for treatments, surgical interventions, purchase of medication or a visit to the doctor.
Civil liability insurance
Civil liability insurance covers you if you cause the destruction of someone else’s property or an accident. However, you will not be protected if the accident is deliberate.
The insurance sectors
Who are the main players in the market?
Insurance companies
Insurance companies are institutions that offer various products. These range from property and, car guarantees to civil liability insurance.
Provident institutions
Provident institutions are companies that offer group insurance contracts and provide companies with protection for their employees.
Mutual insurance companies
These are health insurance companies responsible for reimbursing any health expenses that are not covered by social security.
Online quotation and subscription
Insurance can be taken out online to speed up the process. You thus need to start by comparing the available offers out there with the help of an insurance comparison tool. Once you have found a good enough offer, you should go to the insurer’s website and ask for a quote for the chosen formula and a list of the associated guarantees.
Insurance brokerage
The broker is the sole contact person for his or her clients
Although insurance brokerage is considered a fairly recent service in the market, more and more providers are willing to use it. It is true that insurers already advertise their offers through various communication channels, but competition is fierce and they are struggling to attract customers.
In response to this situation, many insurance institutions chose to work with brokers. These are specialists in the insurance field and act as intermediaries between insurers and customers. Their job is to attract new customers for the insurance companies and get paid a fee for their service. It has to be said that one of the most sought-after brokerage companies out there is Msamlin, thanks, particularly to its high-standard services.
Insurance
The most common types of insurance
Housing
Multi-risk home insurance
Cars
Car insurance without a licence
Bikes
Electric bike insurance
Health
Health insurance
Insurance premiums
Payments and insurance contributions
Online payment
How can one pay his or her premiums online?
Insurance companies are becoming more and more technologically savvy. It is therefore no longer necessary to go to the provider’s office to request information or to take out an insurance policy. What is more, some companies operate exclusively online, and they happen to be renowned insurers.
All well-known insurance companies have built themselves websites to better target customers from different countries and to make it easier for them to subscribe. The latter can be done directly by opening a virtual account through which every interaction with the insurer will take place, including the payment of contributions and the monitoring of the various transactions carried out by the account owner.
Contract conditions
The regulations governing the modification of the insurance contract
Termination on expiry
Termination on expiry refers to the decision not to renew the contract upon expiry.
The insured person’s change of address
When the insured person moves house, he or she is compelled to notify the insurer of his or her new address.
Contribution rate increase
A contribution rate increase is applied as a sanction if the debt is not paid on time.
