Types Of Insurance

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Dec 17, 11

Social Security constitutionally the state takes care of him, as a cushion to safeguard minimum living conditions for all citizens. It is mandatory and the premium is borne by policyholders and employers, along with contributions from the state budget means.Insurance private about people: those signed by voluntarily insured to cover various personal risks.

Life insurance : Allows insurance beneficiaries have minimal economic security to the risk of death of the insured.

Health Insurance : This type provides health coverage and financial compensation in case of illness of the insured.

Dental Insurance : It covers dental care when needed.

Accident insurance : insurance that has as basis the health and economic support to the insured, if it has suffered an injury or disability caused as a result of an accident.

Liability insurance : It covers the risk of compensation claims.· Insurance private about things: those insured voluntarily subscribed to cover different material risks.

Car Insurance : It provides coverage for any direct or indirect, suffered or caused, in the car of the insured, or in other vehicles because of it.

Motorcycle Insurance : It covers risk of damage to bike.

Moped Insurance : It covers moped risk of damage.

Home Insurance : It covers housing risk of damage to the insured, both mainland and contents.

Yacht Insurance : covers various risks that may occur during travel by yacht.

Travel Insurance : covers different risks of developing contingency during a trip, or before it.

Crop insurance: crop ensures against risks arising from adverse weather conditions or other contingencies.

- Construction insurance : covers risks of possible deficiencies in the construction of buildings and liability claims against third parties.

What is Insurance?

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Nov 16, 11

A safe can be defined as a type of contract (or policy), by which the holder thereof (the person who subscribes to) a certain amount of money paid periodically (called a premium) in exchange for some type of compensation (compensation) in which case any of the circumstances happen (risks) agreed between the holder of the insurance and the insurance company.

In this way, the person who signs a contract of insurance injury prevents a hypothetical highly burdensome to him, offering in return a financial assessment on a regular bearable.

The insurance companies offer a variety of different contracts, each case depending on the type of risk to cover. Although in general, the various insurance contracts can be divided into:
- Insurance Personal : are those which cover different aspects (life, disability, retirement …) that directly affect the insured.
- Insurance heritage : these cover the various risks associated with material goods of the insured (home floods, theft, fire …).

More common in the recruitment of insurance :
- Policyholder Insurance : A person who signs and pays the insurance premiums.
- Insured : the substance of the contract, being able to be your own person or their property the property insured.
- Insurer: Is the company that takes the risks, undertaking to indemnify the policyholder or beneficiary.
- Beneficiary : the person named in the contract as the recipient of the compensation that the insurer agrees to pay against the holder.
- Policy : This contract entered into between the policyholder and the company, and shall detail each and every one of the conditions governing it.
- Premium insurance : is the amount payable by the holder to the insurer to which it undertakes to pay compensation in the hypothetical event of any of the risks detailed in the contract.
- Bonus-malus : are the penalties imposed on companies that are insured have higher costs, or otherwise, discounts apply them when they cause little or no expense.
- Receipt of insurance : the document can be verified to have been paid the policy premium. It is mandatory to be in possession of the receipt of insurance compulsory vehicle when driving.

New values ​​for insurance for 2012 m2 of houses and other buildings

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It was published the decree 291/2011 which regulates the price value of m2 for housing in place from January 01, 2012. Insurers use this port for determining the capital holding in the buildings insurance. Buildings with special construction should be evaluated case by case basis (eg, use of expensive materials in the construction of the building).

To apply these values ​​in real estate other than housing, read this article .

Zone I – € 767.42

Zone II – € 670.84

Zone III – € 607.77

The following are the counties regarding their areas:

Zone I – the seat of district and county municipalities of Almada, Amadora, Barreiro, Cascais, Gondomar, Loures, Maia, Matosinhos, Moita, Montijo, Odivelas, Oeiras, Povoa de Varzim, Seixal, Sintra, Valongo, Vila do Conde, Vila Franca Xira and Vila Nova de Gaia.

Zone II – counties of Abrantes, Albufeira, Swindon, Caldas da Rainha, Chaves, Covilhã, Elvas Junction, Espinho, Estremoz, Coimbra, Guimarães, Ílhavo, Lagos, Loulé, Olhão, Palmela Peniche, weight of the Ruler, Portimão , the Santiago Cacém, São João da Madeira, Sesimbra, Silves, Sines and Tomar, Torres Novas Torres Vedras, Vila Real de Santo António and Vizela.

How to prevent fire in your company

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In this article I give advice on how to prevent fires within the company.

It is vital to good order and cleanliness within the company. That means having the products and goods properly organized and sorted. Flammable products should be properly protected and separated from other products. An excellent organization of space allows firefighters a better and more effective intervention in the event of an accident.

Many accidents occur due to poor organization and lack of cleanliness.

The fact that they have insurance only reduces the financial consequences and does not solve everything.

How can you improve the security of your company?

Place fire extinguishers correctly and other means of fire protection
Check regularly that fire protection facilities are functioning properly
Provide training to employees in the handling of media
Do not accumulate trash or other hazardous waste; treat them properly
Watch where the presence of workers is not constant
Store flammables in a safe and separate from other products
Hire a company that specializes in prevention and safety at work that will help in the application and implementation of these measures to avoid other potential sources of claims.

Do not forget that the company is a source of wealth.

The Clause Insurance Freight

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Continuing an article on insurance of goods transported recently wrote that , I will address the provision most often used to hold the new freight – Section A.

This clause covers all risks of loss or damage of the goods safely, except for the exclusions below:

- Willful misconduct of the insured

- Normal or stroke volume or weight loss due to use of the goods safe

- Inadequate or inappropriate packaging of goods

- Vice of that cargo

- Insolvency or financial difficulties of the owners, charterers, operators or those who have the administration of the vessel

- Use a weapon of war employing nuclear material

- Unseaworthiness of the ship so far as is knowledge of the insured

- The ship is not suitable for the transport of goods where this is known to the insured

- War, civil war, insurrection, riot

- Capture, seizure, arrest or detention

- Loss or damage caused by weapons of war abandoned or adrift. Example, land or sea mines

- Strikes and labor unrest

- Acts of terrorism

In an upcoming article, write on Section B.

Reconstruction of the value of m2 – insurers are wrong?

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In time I wrote an article on the value of m2 reconstruction that insurers apply on paid claims and valuation of buildings.

The same article was the subject of many comments, personal contact and e-mail to experts, having received a Glossary of Real Estate which I am very grateful to the expert of the National Commission of Experts Revalued it did.

As you read the glossary, I conclude that insurers may be wrong in the application of value. The good news is that the client does not hurt if you insurance based on the value of m2 defined in this ordinance.

This value of m2 is a reference value. An apartment in a housing estate does not have the same value for the reconstruction of an apartment in a prime area, as the finishes and building materials are more expensive. Is not justified by applying the coefficient set by the regulation in the housing estate apartment.

There has to be sensitive or customer, the insurer or broker. The problem that arises is that the issue of sensitivity varies from person to person. When in doubt, prefer the coefficients of the ordinance. There are villas with luxury finishes. Then it may happen that the value of m2 is still higher than that set by the regulation for the area concerned. If the client does not know the value of housing reconstruction, it is best to contact your builder or developer.

In my opinion, should be defined as the correct value of m2?

The Ordinance 1172/2010 refers to the price of construction m2 of floor area. Consider the concept of floor area in the Glossary of Real Estate:

Area – This area is individual. It is the sum of the areas of the floors of the building, not counting the walls, ie, restricted to the limits. Also known as an area of broom.

We have a problem – the area “not counting the walls.” The walls tell.

What should go into the value of m2?

Safe housing in individual horizontal property, should be considered a private area and public areas of the building. Consider the following concepts:
Private area – is the area of the property which the owner has total control. Limited by the surface is composed of line bordering the outside walls of the dependencies (covered or uncovered) for private use and exclusive owner and corresponds to the area measured by the outer edge of the outer walls and through the walls adjoining the adjacent apartments. Areas of balconies, Collections and Common Access are measured separately.

Areas of the building – the areas covered decks, expressed in square meters (m2), corresponding to the courts and spaces of horizontal and vertical communication buildings, with the status of common part ownership in horizontal or suitable to that status as measured by moiety of the walls;

Part of the value of individual insurance housing should consider the share of the common areas.

In the case of housing, would apply to the value of the private area only.
In condominiums, would apply the concept of common areas and building area
Areas of the building – the areas covered decks, expressed in square meters (m2), corresponding to the courts and spaces of horizontal and vertical communication buildings, with the status of common part ownership in horizontal or suitable to that status as measured by moiety of the walls;

Construction area (Ac) – Sum of all areas and living areas is measured by its outer perimeter;

In industrial buildings, would be appropriate:
Deployment area (Ao) – horizontal projection area resulting from construction on the ground as the extrados of the exterior walls of buildings in its intersection with the ground plane, measured in m2, including attachments, but excluding body balanced and completely buried basement ;

Construction area (Ac) – Sum of areas of all compartments of the building and is measured by its outer perimeter;

It would be nice to have a debate within the insurance market in conjunction with experts in this area to set the correct way to set the valuation of m2 in various types of buildings.

There are still those who value m2 based on Administrative Rule 1330/2010 which refers to the average value of m2 building for the purposes of Article 39 of the Code of IMI, but the purpose of this ordinance is to define the value of m2 for the purpose of taxation of IMI and should not be considered for insurance purposes.