Insurance companies offer insurance as diverse as are the risks covered. Then briefly and very concisely set out the types of contracts most common insurance practice and their characteristics, but keep in mind, dear Consumonauta that the effects arising from insurance will be the coverage you have agreed in the policy with the insurance company, through calls particular conditions, which send.
Types of insurance contracts
Burial insurance: they are a form of insurance the most contracted in Spain. The insurance Death pay funeral service, assuming the insurance costs and efforts when the insured dies.
Insurance: insurance all risk is one in which are included all the guarantees normally applicable to a particular risk. One of the best known is the insurance of the car.
Group Insurance: group insurance is a contract of insurance on individuals, which is characterized by a single contract covering multiple insureds who make up a homogeneous community (employees, owning a credit card, etc.). An example are group insurance of death found on credit cards .
Supplementary insurance: complementary insurance is one who joins other insurance in order to provide the insured person in both a new warranty or extend the existing coverage.
Accident insurance: accident insurance is one that aims to provide compensation in case of accidents giving rise to the death or disability of the insured, because of activities under the policy.
Travel assistance insurance: insurance that travel assistance is conducive to resolving incidents of various kinds that have arisen during a trip insurance.
Auto Insurance: one auto insurance is one that aims to provide compensation arising from accidents caused as a result of the movement of vehicles.
Health insurance and health care: health insurance and health care is one for which, in case of illness of the insured, he is given compensation under the policy previously .
In these cases the hedged risk is the disease so usually the insurer agrees to payment of certain sums (allowances) and expenditure of medical and pharmaceutical care. Within this type of insurance there are two basic ways:
The health care : insurance companies offer a variety of doctors and specialists by the user can be treated without limit on the amount of costs and without being obliged to forward any sum.
It should be emphasized that the insurance coverage will depend on the signed policy.
The reimbursement of expenses for medical care : the user can use the medical services you want (and do not have to choose between those proposed by the insurer as in the previous case), committing the insurer to refund the amount paid company by the same within certain limits.
In this type of insurance the amount of the premium usually increases every year and frequently to access certain medical and health services, the company requires us a minimum qualifying period (eg support services in case pregnancy and childbirth are not covered until a period of 6 months has elapsed since the insurance).
Fire insurance: fire insurance is one that guarantees the insured the delivery of compensation in case of fire of their property determined in the policy or repair or compensation for them.
Orphanhood insurance: insurance orphan is one who seeks the grant of a temporary favor of children under 18 in case of death of the father or mother of economically dependent pension.
Theft insurance: insurance against theft is one in which the insurer agrees to indemnify the insured for losses incurred as a result of the disappearance of the insured objects. Theft coverage is normally available on car insurance as extended third parties or all risk.
Transport insurance: insurance transport is one for which an insurance company agrees to pay certain compensation as a result of damage incurred during the transport of goods.
Life insurance: a life insurance is one in which the payment by the insurer of the amount stipulated in the contract is made depending on the death or survival of the insured at a certain time.
Home Insurance: the home insurance is intended to cover damages that occur in housing and arising from any unforeseen covering such diverse risks such as fire, domestic accidents requiring medical care, or rupture of a pipe ... etc .
This type of insurance is also called as a safe mundihogar, polihogar combined household multi-risk home , etc.
Liability insurance: every person has the obligation to repair or compensate for damage that may result from their actions (or lack thereof). That obligation is called liability .
Under this insurance, the insurance company assumes the obligation to respond, instead of the insured, the obligation to pay compensation in cases where liability is born.
other insurance
The variety of insurance is very wide and you can even negotiate contracts not covered by the insurance.
Some examples, though less common are:
Ensure body : legs, chest, nose, hands, etc.
Ensuring a lottery : if prize pays out the insurance and if the insurer does not come out has won.
Vehicle insurance lasting one day : eg older vehicles that drive one or a few days a year or motorcycles entering a circuit to make a batch.
In some cases it is required by law to have insurance such as:
Compulsory insurance of vehicles: a basic insurance wider bouquet of car insurance, also known as SOA (compulsory motor insurance) or third party insurance ,
Insurance dogs considered dangerous ,
Insurance hunting,
Property damage insurance or surety.
In all these cases the authorities understand that the danger of certain activities is enough to force who are effected to buy insurance to protect third parties for damages that may be caused .
Other contracts may come bound by a previous contract. For example, it is very common in a mortgage have to ensure mortgaged to the creditor either by life insurance or unemployment insurance.
The law regulating insurance in Spain is Law 50/1980 of 8 October on Insurance Contracts (BOE 250/1980 of 17 October 1980).
Types of insurance contracts
Burial insurance: they are a form of insurance the most contracted in Spain. The insurance Death pay funeral service, assuming the insurance costs and efforts when the insured dies.
Insurance: insurance all risk is one in which are included all the guarantees normally applicable to a particular risk. One of the best known is the insurance of the car.
Group Insurance: group insurance is a contract of insurance on individuals, which is characterized by a single contract covering multiple insureds who make up a homogeneous community (employees, owning a credit card, etc.). An example are group insurance of death found on credit cards .
Supplementary insurance: complementary insurance is one who joins other insurance in order to provide the insured person in both a new warranty or extend the existing coverage.
Accident insurance: accident insurance is one that aims to provide compensation in case of accidents giving rise to the death or disability of the insured, because of activities under the policy.
Travel assistance insurance: insurance that travel assistance is conducive to resolving incidents of various kinds that have arisen during a trip insurance.
Auto Insurance: one auto insurance is one that aims to provide compensation arising from accidents caused as a result of the movement of vehicles.
Health insurance and health care: health insurance and health care is one for which, in case of illness of the insured, he is given compensation under the policy previously .
In these cases the hedged risk is the disease so usually the insurer agrees to payment of certain sums (allowances) and expenditure of medical and pharmaceutical care. Within this type of insurance there are two basic ways:
The health care : insurance companies offer a variety of doctors and specialists by the user can be treated without limit on the amount of costs and without being obliged to forward any sum.
It should be emphasized that the insurance coverage will depend on the signed policy.
The reimbursement of expenses for medical care : the user can use the medical services you want (and do not have to choose between those proposed by the insurer as in the previous case), committing the insurer to refund the amount paid company by the same within certain limits.
In this type of insurance the amount of the premium usually increases every year and frequently to access certain medical and health services, the company requires us a minimum qualifying period (eg support services in case pregnancy and childbirth are not covered until a period of 6 months has elapsed since the insurance).
Fire insurance: fire insurance is one that guarantees the insured the delivery of compensation in case of fire of their property determined in the policy or repair or compensation for them.
Orphanhood insurance: insurance orphan is one who seeks the grant of a temporary favor of children under 18 in case of death of the father or mother of economically dependent pension.
Theft insurance: insurance against theft is one in which the insurer agrees to indemnify the insured for losses incurred as a result of the disappearance of the insured objects. Theft coverage is normally available on car insurance as extended third parties or all risk.
Transport insurance: insurance transport is one for which an insurance company agrees to pay certain compensation as a result of damage incurred during the transport of goods.
Life insurance: a life insurance is one in which the payment by the insurer of the amount stipulated in the contract is made depending on the death or survival of the insured at a certain time.
Home Insurance: the home insurance is intended to cover damages that occur in housing and arising from any unforeseen covering such diverse risks such as fire, domestic accidents requiring medical care, or rupture of a pipe ... etc .
This type of insurance is also called as a safe mundihogar, polihogar combined household multi-risk home , etc.
Liability insurance: every person has the obligation to repair or compensate for damage that may result from their actions (or lack thereof). That obligation is called liability .
Under this insurance, the insurance company assumes the obligation to respond, instead of the insured, the obligation to pay compensation in cases where liability is born.
other insurance
The variety of insurance is very wide and you can even negotiate contracts not covered by the insurance.
Some examples, though less common are:
Ensure body : legs, chest, nose, hands, etc.
Ensuring a lottery : if prize pays out the insurance and if the insurer does not come out has won.
Vehicle insurance lasting one day : eg older vehicles that drive one or a few days a year or motorcycles entering a circuit to make a batch.
In some cases it is required by law to have insurance such as:
Compulsory insurance of vehicles: a basic insurance wider bouquet of car insurance, also known as SOA (compulsory motor insurance) or third party insurance ,
Insurance dogs considered dangerous ,
Insurance hunting,
Property damage insurance or surety.
In all these cases the authorities understand that the danger of certain activities is enough to force who are effected to buy insurance to protect third parties for damages that may be caused .
Other contracts may come bound by a previous contract. For example, it is very common in a mortgage have to ensure mortgaged to the creditor either by life insurance or unemployment insurance.
The law regulating insurance in Spain is Law 50/1980 of 8 October on Insurance Contracts (BOE 250/1980 of 17 October 1980).