Individual Insurance: Things you should know about it
Individual insurance supplement the social security. As a customer, you can ask your insurance cover it according to your needs individually.
Individual insurance policies are offered by private insurance companies. Therefore, they are referred to as private insurance. This is the "free market" of insurance: There are a huge range of individual insurance policies to cover every conceivable risk.
They range from absolutely indispensable insurance (such as private liability insurance) to very optional products. As a customer, you can ask your insurance coverage individually - either in addition to Social Security, or (if you are not subject to social insurance) instead of Social Security.
For clarity itself Individual insurance can be divided into two divisions: personal insurance and casualty insurance.
Personal insurance insure directly with the person associated risks: sickness, old age, and death. In this division includes private health insurance, private pension and life insurance products.
Composite insurance insure all other risks: Property damage, accident damage and liability risks. In this division include, for example, liability insurance, automobile insurance, private accident insurance, household insurance and legal expenses insurance.
Also covered by the composite insurance includes Insurance. They cover specific risks, the self-employed, entrepreneurs and freelancers have. This secures the commercial or the company of the insured person as his livelihood. One example is the construction work insurance for contractors.
As the name suggests, Individual Insurance fit the customer individually. The customer can choose his insurer shall be free, and choose the scope of services according to their needs and desires. After that, the insurance contributions are, the more power you want, the more you pay for it. The classic example is the private health insurance, which offers its customers significantly higher performance than the statutory funds, but also costs more, depending on the tariff.
Also among the individual insurance there are compulsory insurance, for example, the motor vehicle liability insurance, which must take out every car owner. Otherwise the customer has a free choice - but also the responsibility to build a suitable and sufficient insurance cover from Social and Individual Insurance.
Not an easy task - this is why we present here a selection of the most important and most common insurance before.
Individual insurance policies are offered by private insurance companies. Therefore, they are referred to as private insurance. This is the "free market" of insurance: There are a huge range of individual insurance policies to cover every conceivable risk.
They range from absolutely indispensable insurance (such as private liability insurance) to very optional products. As a customer, you can ask your insurance coverage individually - either in addition to Social Security, or (if you are not subject to social insurance) instead of Social Security.
For clarity itself Individual insurance can be divided into two divisions: personal insurance and casualty insurance.
Personal insurance insure directly with the person associated risks: sickness, old age, and death. In this division includes private health insurance, private pension and life insurance products.
Composite insurance insure all other risks: Property damage, accident damage and liability risks. In this division include, for example, liability insurance, automobile insurance, private accident insurance, household insurance and legal expenses insurance.
Also covered by the composite insurance includes Insurance. They cover specific risks, the self-employed, entrepreneurs and freelancers have. This secures the commercial or the company of the insured person as his livelihood. One example is the construction work insurance for contractors.
As the name suggests, Individual Insurance fit the customer individually. The customer can choose his insurer shall be free, and choose the scope of services according to their needs and desires. After that, the insurance contributions are, the more power you want, the more you pay for it. The classic example is the private health insurance, which offers its customers significantly higher performance than the statutory funds, but also costs more, depending on the tariff.
Also among the individual insurance there are compulsory insurance, for example, the motor vehicle liability insurance, which must take out every car owner. Otherwise the customer has a free choice - but also the responsibility to build a suitable and sufficient insurance cover from Social and Individual Insurance.
Not an easy task - this is why we present here a selection of the most important and most common insurance before.
Individual Insurance: Things you should know about it
Reviewed by Unknown
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Reviewed by Unknown
on
7:24 PM
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