Is it advisable to purchase insurance prior to holiday home?

With the arrival of warm weather and thus, in a few weeks, the summer holidays. It is a key moment for the recruitment of home insurance and the importance of protecting the residence when traveling on vacation and also be covered for any unforeseen in the second residence.

Problems like a leaky faucet, theft, electronic equipment left on a summer or moisture that affects a neighbor during the holiday period can be assumed that rest days are spoiled and become a nightmare.

So to avoid such mishaps and rest fully vacation is advisable to hire home insurance to cover any damage and not have to worry. This should be taken regarding whether you will enjoy a second home as if the house is rented to third parties.

What should include insurance coverage?

To protect your home and valuables you have inside, experts recommend hiring a home insurance. They can choose those insurance coverage with a standard home or a specific insurance for a given type of housing.

To hire a basic home insurance is important that you have a number of coverages.

• Coverage theft: Theft is an issue that everyone is risky to be both owners and tenants. So the insurer guarantees the replacement value of the entire real estate secured within the housing and personal valuables displayed declared in the policy.

• Cosmetic damage coverage: This coverage refers to damage caused by flooding or long periods of rain. In the event that any of this happens, the policy covers any damage or injury and all rooms or home stays that have been affected by the incident.

• Liability: One of the most necessary we hire insurance clauses. Guarantees compensation arising from material or personal damage to third parties.

Large families hire more types of insurance

Large families are those that employ a broader range of insurance, both auto, home, health, deaths or civil liability, especially in homes with four, five or more persons.

One factor that also determines when a variety of insurance contract is the family structure. Families where children live tend to hire more health policies. And other hand, another important factor is the employment status of family members.

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How to save on Easter?

If you have not had time to plan your holiday, an impromptu getaway is an option for those people who are not yet clear to do this Easter.

But the holiday schedule at the last minute has consequences pocket and users could be affected. Book a flight last minute can make 16% more if done with a few days in advance.

The lack of planning makes the decisions we make do not take into account the budget, and that the holidays can go a little more expensive than you think. Therefore, it is important to consider other alternatives that help us maintain the budget.

Some keys to keep the budget

Rent a house or apartment: These two options are some of the alternatives to an impromptu trip at the last minute. They can be up to 60% cheaper than booking a hotel.

Choose economic destinations: A destination when choosing must consider what are the most affordable regions for our pocket. The most expensive communities are Extremadura, La Rioja and Cantabria, while the most is Castile and Leon.

Visit comparators flights to find deals: These applications may make comparisons of different destinations and so choose the one that best suits your pocket. Besides the recommendations of travelers through comments can help you find the perfect place, which combines quality and price.

Uses a fast credit if you need it: If your holiday budget is tight and you need a few days off, another option is to apply for a quick loan. This is an easy and quick option and can be adapted to the needs of those who improvise their holidays. But we must be careful and responsible, before applying for a credit must take into account the ability to repay within the agreed period.

Using credit cards: Carrying a travel credit card is a guarantee that must be present for other incidental payments. It is a safe and accepted means of payment in any country in the world that brings convenience when not having to change money.

Travel insurance: When planning a trip last minute not think about the risks that can be run. But a trip can make any medical emergency accident, illness, allergies, fractures or even cancellation of a flight. Why travel insurance can provide the necessary protection to resolve these situations.

Some destinations to travel at Easter

Coastal area: The Canary Islands and the Costa Brava and Costa Blanca areas are some of the beach destinations most preferred by the Spaniards for this Easter.

International Destinations: For travelers Europe opts for short trips and stays in Mediterranean cities such as Athens, Rome and Paris.

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Car sales increase and therefore the insurance contracts with the new plan PIVE 7 has been implemented

The bill that has been put in place in July PIVE plan whose goal was to stimulate sales in the automotive sector, are expected to continue increasing vehicle sales in the coming months.

And as a result of this increase in vehicle sales, it is clear that insurance contracts will be the second hit of this new plan been implemented by the Government of Mariano Rajoy.

One of the major errors committed when an insurance policy is, convert the price in the most important data and leave the coverage offered in the background. Car insurance offers protection in the event of an accident or other incident involving a motor vehicle. Therefore, it is important that the policy meets the needs and the corresponding damage and medical costs.

In addition, a car can become a tool of fundamental work that is necessary to work carefully and well, and it comes in the lives of drivers. Therefore it is important to know the coverage and what it covers in the case of an accident.

What insurance to choose and why?

When you go to buy insurance, not just raw get the best security guarantees for the car. Another important point is the tranquility that is of particular relevance.

Some of the important coverage that must be taken into account when choosing an insurance are:

• Expenses of compulsory and voluntary liability: that is, in this case order to cover those economic consequences that has the driver against third parties. It also includes material and human damage. In the case of voluntary liability also it includes excess compensation limits established in the compulsory insurance.

• Vehicle theft: This includes both inside and outside the garage in the street. And why this coverage is important especially those who have to park on the street every day and are at greater risk.

• Accidental damage: Regardless of who is at fault.

• Travel assistance: We guarantee roadside assistance in case of damage to the vehicle anywhere.

• Broken windows: Includes changing moon and placement.

But besides these coverages, some insurance available to the customer other complementary coverage as a replacement vehicle, handling fines, insurance for medical treatment and legal service.

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Are you going on holiday by car? The importance of tuning

If you are someone who has chosen to go on vacation in August and the car is the means of transport to reach the much coveted holiday destination, there are a number of aspects that should be reviewed.

According to the Directorate General of Traffic (DGT) is expected to 43.2 million trips occur in the month of August, resulting in potential dates deductions along with the heat that will make that moment one of the most feared.

For this reason and to increase the safety of our vehicle will be necessary to make a perfect set-up for travel.

At what points to emphasize?

It is important not to leave the maintenance to the last minute and do it in a hurry, incomplete or wrong way. Therefore we take as reference the recommendations of Carlos Sancho, head of German Post-sale Arribas Sancho SL, a company dedicated to the automotive world this being the fourth generation.

• Oil: Always at a level between the maximum and the minimum set by the rod. It should be remembered that checking the oil level must always be done with the engine cold and horizontal. In case of having to add oil, Carlos Sancho Always follow the manufacturer's specifications.
• Lights: Check the proper operation of all vehicle lights. An important aspect to be noted is the height of the headlights as "poor regulation of the headlights is very dangerous for the other drivers." To do this go to an expert advise and check that they are in the right spot.
• Brakes: Fundamental test the operation of the braking system, analyzing the pedal travel, if a rebound of it is experienced or perceived air bubbles.
• Tires: The party is in constant contact with the asphalt and that a large percentage depends on our safe driving. Check the status of drawing which tread depth is at least 2mm-, pressure is recommended by the manufacturer of the vehicle-right-the ...
• Antifreeze: Maybe to many it not is significant for the time of year it is, but from Germán Sancho Arribas SL tell us that after the passing of winter, we must take a test of degradation and a placement test to check the status of antifreeze and guarantee and a good engine cooling because after winter and after the contrasts of hot and cold coolant can lose their properties.

Eye auxiliaries

In addition to basic and key issues such as those mentioned above, Carlos Sancho speaks also of auxiliary elements that become important when we have to travel. We are talking, for example, that the spare tire is in good condition in case you need to use-not be worn and that has the pressure appropriately, have the necessary tools for a possible change of wheel -we refer a cat and key- and also have the required security features in case of failure such as triangles regulated and reflective vest. It is very important to have these accessories handy when traveling and any unforeseen can happen once we meet on the road and with the sole desire to reach the holiday destination chosen.

DGT tips

For this second space summer operation has begun in August, the DGT gives a number of tips when traversing movements, such as assessing whether or not the private car is the best option, check the car and good maintenance , plan your route based on security and avoid unexpected, take breaks every two hours of driving, observe traffic rules or traffic adapt to the characteristics of the roads among other indications.

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Definition insurance

insurance

For other uses of this term, see Security (disambiguation).

Insurance is a contract by which one person (the insurer) agrees, by charging a premium and if the event occurs whose risk is hedged to compensate within the agreed limits, the damage produced to the insured or meet capital, income or other agreed services. They define the first article of Law 50/1980, of 8 October, on Insurance Contracts (BOE no. 250, of October 17, 1980), which is valid in Spain. This contract involved an insurer or insurance company, which is who sells insurance and who covers the risk and the insured or policyholder, is the person buying the insurance policy and pay the premium. Sometimes it's not the same person, for one can be who has purchased the policy, which is the policyholder and be different who is guaranteed or insured, as for example in collective accident insurance recruited by enterprises on behalf of their workers.

The amount of money charged for a certain amount of insurance coverage or insured amount, is called the premium. The premium guarantees that the sum insured shall be remunerated in case of loss.

Risk management, which is the practice of assessing and controlling risk, has evolved as a discrete field of study and practice.

The transaction involves the insured loss is a relatively small and known in the payment of a premium to the insurer in exchange for the guarantee of the insurance company to compensate (indemnify) the insured in the event of a financial or commercial loss .

The insured receives a contract, called an insurance policy, detailing the conditions and circumstances under which the insured will be compensated economically.

From a mathematical point of view, insurance transforms the risks to which people are subjected likely bearable through a organization.1 Insurance is configured as a basic part of the current structure social.2 The insurance institution has two large demonstrations in society:

Social Security, which is a mandatory coverage, administered by the State aimed at providing protection and welfare of citizens, usually ensure a financial benefit for retirement, incapacity, death, unemployment etc.

Private insurance that cover and protect the people or entities that contract, which may be mandatory or voluntary subscription. Examples of private insurance is insurance of theft or fire in a building or car insurance or accident people.

History

The methods of transferring or distributing risk were practiced by Chinese and Babylonian traders as early as the third and second millennium BC, respectively.

Chinese merchants traveling treacherous river rapids, distributing its products in several vessels and thereby limiting the loss due to the anxiety of some of them.

The Babylonians developed a system which was recorded in the famous Code of Hammurabi, c. 1750 BC, and practiced by early Mediterranean sailing merchants. If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the guarantee of it to repay the loan if it was stolen or lost at sea.

Sometime in the first millennium BC, the inhabitants of Rhodes created the "general average". This allowed the groups of traders paying to ensure that their goods will be sent together. Premiums collected were used to reimburse any merchant whose goods were discarded during transport, either by storm or collapse.

Separate insurance contracts (ie, insurance policies not bundled with loans or other types of contracts) were invented in Genoa in the 14th century, as insurance pools backed by guarantors with properties. The first Genoa insurance contracts dating from 1347, and in the following century marine insurance is widely developed and premiums were intuitively varied according to risk. These new insurance contracts allowed insurance to secede from investments, which was found to be useful for the first time in marine insurance.

macroeconomics

From a macroeconomic point of view, the insurance institution provides two major contributions:

Stimulating investment. According to Kenneth Arrow, the displacement of the risk insurance is very beneficial from a social point of view as it induces the undertaking of new economic activities and can be stated that in the absence of insurance business, the volume of investment would be reduced and ultimately decrease income and welfare.

It helps prevent inequalities. Insurance impoverishment that avoids extremes are caused by accidents or deaths, contributing to greater economic equity.

The insurance contract

The insurance contract is one for which the insurer undertakes, by charging a premium and if the event occurs whose risk is hedged to compensate within the agreed limits, the damage to insured or meet capital, income or other agreed services.

The contractor or policyholder, you may agree or disagree with the insured, for its part, undertakes to make payment of the premium, in exchange for the cover granted by the insurer, which prevents him face greater economic damage, if the loss occurs.

Insurance sector

Insurance companies are financial intermediaries from economically and financially. This sector differs from other economic sectors in that, to start business needs a relatively small fixed capital, since it does not require large investments in assets for their activity and working capital would anticipate their own customers on account of product which is to begin manufacturing at that time (security), and has billed in advance. So, theoretically, their needs financing techniques are very small. Moreover, the product they sell, safety is ensured to all customers, even if delivery is made to only a part of the clientele. Weather also plays in favor of the insurer, and the corresponding cost (the accident) is distributed postponed and leading meanwhile a wealth of savings that form the so-called technical provisions; Therefore, from a financial point of view, the holder of an insurance policy is a lender that provides credit insurer to produce the product (safety), thus becoming the insurer a mere investor funds not consumidos.2

The insurance business, by its very nature, makes long-term investment which, in general, was not even considered by the contracting savings insurance. However, these savings from the financial point of view is very stable and long term.

In the European Union as well as in most countries, private insurers are subject to control and supervision by the administrative authorities and to operate need to obtain a special authorization LINDE Paniagua, has called Authorization forming E. and subjected to constant monitoring of their activity. This is because insurance is a contract in which the policyholder pays the premium in advance, while the insurer will indemnify post when the incident occurs and therefore is in the public interest then the insurer has the financial capacity to do so . All this is done under administrative law provisions that dictate authorities. Enrique Linde Paniagua, Professor of Administrative Law at the National University of Distance Education (UNED) has studied this aspect of Administrative Law of private insurance in his works "PUBLIC INSURANCE LAW" (1977, editorial Montecorvo) and "special part of ADMINISTRATIVE LAW. THE INTERVENTION OF THE ADMINISTRATION IN SOCIETY "(2012, editorial Colex) among many others, being very new at the time that the intention is the existence of a public or private insurance Administration. Today however is an idea accepted by the whole doctrine, some of which even has specialized in the study of this part of administrative law such as JESUS ​​LOPEZ-BREA LOPEZ RHODES, teacher also of the University, who has deepened in the study of this phenomenon in his works "STUDY AND CLASSIFICATION OF PRIVATE INSURANCE FROM THE PERSPECTIVE OF ADMINISTRATIVE LAW" (publisher Tirant Lo Blanch 2013) proposing private insurance are divided into three main types: I) Forced insurance (like compulsory travel insurance), II) compulsory insurance (as insurance certificate) and III) voluntary insurance (such as life insurance) and "European Insurance and Occupational Pensions Authority (EIOPA) "(2015 Dykinson publisher). In Spain the control of private insurers leads the Ministry of Finance and Competitiveness through the Direccion General de Seguros (DGSFP), an organization based in Paseo de la Castellana, 44 (28046) Madrid and website http : //www.dgsfp.mineco.es/direcciongeneral/contacto.asp while in the European Union oversight is the European Insurance and Occupational Pensions -EIOPA- (European Insurance and Occupational Pensions Authority) based in Westhafenplatz 1 (60327) Frankfort (Germany) and whose website is: https://eiopa.europa.eu/

The art. 149.11 of the Spanish Constitution grants competition in the basic law of the State Insurance and the Law 20/2015, of July 14, management, supervision and solvency of insurers and reinsurers (BOE no. 168 of 15 July 2015) is the provision which governs the way it should be done as of January 1, 2016 that private insurers control by the Administration. At the level of the European Union that supervision is regulated by Directive 2009/138 / EC of the European Parliament and of the Council of 25 November 2009 on access to the business of insurance and Reinsurance (Solvency II) (OJ no. L335 of 17 December 2009).

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