First of all, since we all know that the world of insurance can sometimes be difficult to understand, we will try to resolve the most common doubts that people usually have when taking out insurance , whatever the product , from a car to a life insurance policy, or even a company insurance policy .
The following three concepts must be clear: Policyholder, insured and beneficiary .
- The policyholder : This is the person who assumes payment for the policy , the one who signs it.
- The insured : This is the person who benefits from the protection of the policy , for example in the event of a car accident the coverage will be activated for this person.
- The beneficiary : is the person who receives the benefits of the insurance , for example, in a life insurance policy, it is the person who would receive the agreed compensation .
For example, an insured may not be the policyholder , but a policyholder may also be the insured . What we mean by this is that there are many ways to insure something and it must be clear how, when and with whom.
Once these concepts are clear, the next step is to be clear about which insurance is mandatory and which is not . For example, a self-employed person will not need the same insurance and/or coverage as an employee , or a father of a family as a single person .
The mandatory insurances in Andorra are: car insurance and home insurance .
Then you will have to take into account your needs and belongings. For someone who normally hunts, you will need hunting liability insurance , but you can choose whether to insure your weapons or dogs . A self-employed person who has a small or medium-sized business will need commercial or SME insurance , but you can choose whether to insure your salary with subsidy or cyber-attack insurance .
Another thing to decide is the insurance company with which we want to contract the insurance ; In certain products, we always search and compare to get the lowest price , a very common practice when we talk about insurance ; People are often guided only by price , in the priority of looking for only competitive prices they do not pay attention to choosing the most suitable insurance, they do not ask themselves Why are the prices so low? What do they leave out to offer such a low price? Which is the best insurance?
We should ask ourselves, what does the insurance include? What are we insuring? The answer will be the way to be able to know the guarantees and deductibles and thus be able to obtain the best insurance on the market , or the best motorcycle insurance or the best car insurance , and the one that best suits our needs. Knowing what limitations they have and being aware of the exclusions , since normally when we see a very low price they are usually, among other factors, insurance with many exclusions , for example in the case of a car, workshop limitation, non-inclusion of windows …etc.
Another thing to keep in mind is to inform ourselves of the offers or promotions of the insurance companies . It may be that between two insurance companies there is no difference in coverage but there is in the final premium . ( Cost of the insurance )
We know that insurance in Andorra already has a reference but not everything, as we said, is the final price .
As an insurance company, we know that we do not have cheap products , precisely because cheap insurance involves a high risk and goes against the principles of an insurance company . We have a team of people with great experience , whose priority is to offer excellent advice to the client . We know that offering good advice before, during and after is vital, so that our clients can find their ideal product .
In addition, we are representatives of Fiatc Andorra and Zurich Andorra , two of the world’s largest insurance companies . All of these factors give us a wide range of products .
For example, when we know that a client travels frequently , we advise them about travel insurance . For many people, it is a great unknown and can save you from many unpleasant moments when you are away from home. For example, being covered for medical expenses abroad , which we know are very expensive !
If you are thinking of buying a new car or a new motorcycle , take advantage of visiting the Fira de Andorra la Vella 2019 , there will also be insurance companies , like us, and you will be able to find advice on any questions you may have.