Axa Art Insurance

There are many kinds of insurance, but after doing an analysis of the classification are different authors on the subject, the correct classification is as follows:

Security interests:

On the subject: interest in an asset can be determined, on a particular right to a good or derived from a well and above all wealth.

For the class of the insured .- may be over the interests of capital and interest of profit.

Security of people:

Strictly speaking, the human life insurance – insurance in case of death, survival, and so on.

Broadly, insurance covering an event that affects the health or bodily integrity.

Cumulative Security: Those in which two or more insurance companies cover risk independently and simultaneously.

Full insurance: one in which you have included all the guarantees normally applicable to the risk.

Group Insurance: One contract of insurance on individuals, which is characterized by using a single contract covering multiple insureds that comprise a homogeneous group.

Supplemental insurance: one who joins another in order to provide the insured person in both a new warranty or extend existing coverage.

Accident: One who aims to provide compensation for accidents involving death or disability of the insured, due to activities under the policy. Sometimes required to obtain visas depending on the territory.

Travel assistance insurance: insurance One conducive to resolve incidents of various types that have emerged during a trip.

Auto Insurance: One who seeks the provision of compensation arising from accidents occurring as a result of vehicular traffic.

Health insurance: It is that virtue, in case of illness of the insured, is given a pre-compensation provided in the policy.

Fire insurance: One who guarantees the insured the delivery of compensation in case of fire of property identified in the policy or the repair or compensation for them.

Insurance orphans: one who seeks to grant a temporary alimony for children under 18 years in case of death of the father or mother who are financially dependent.

Theft Insurance: one in which the insurer agrees to indemnify the insured for losses suffered as a result of the disappearance of the insured.

Transport insurance: he through whom an insurance company agrees to pay certain compensation as a result of damage incurred during transportation of goods.

Life insurance: It is one in which the payment by the insurer of the amount stipulated in the contract is made depending on the insured’s death or survival at a given time.

The variety is wide and may even negotiate contracts not covered by insurance.

Some less common example:

Ensure the body. The legs, chest, nose, etc..

To ensure a draw. If winning is paid out the insurance and if the insurer has won out.

Life insurance vehicles a day. For example, older vehicles are driven one or a few days a year.

Real estate title insurance. Also known as title insurance is a type of insurance created in the United States to protect all manner of sale or lien on real estate property. According to Carlos Odriozola author’s first book written on the subject in Castilian language “The title insurance”, the title insurance is an indemnity agreement, as collateral for a major operation, which may be the sale or mortgage, the insurer agrees to indemnify the insured in the event that it had any loss caused by actions brought by a third party.

In some cases it is required by law to have insurance such as:

Compulsory insurance of vehicles, basic insurance industry is broader auto insurance
Sure dogs considered dangerous.
Safe hunting.
Property damage insurance or surety, in these cases the public authorities understand that the danger of certain activities is enough to force the caller’s expense to buy insurance to protect third parties for damages they cause.

Other contracts may come bound by a prior contract. It is very unusual for a mortgage have to ensure the mortgaged property to the creditor.
[Edit] The insurance policy

The policy is written instrument which sets out the terms of the contract. Although not essential for the existence of the contract, the insurance practice has imposed no exceptions. The policy is the main document of the insurance contract, where rights and obligations consist of the parties, is a private document written on several pages. The general conditions are printed, while the conditions are usually typed.
[Edit] Basic information about insurance

All come in terms of insurance contract. This clause must be read very carefully. Every year, insurers make large sums of money for benefits written into the contract and are not claimed by the insured.

Insurance all over the world, has a dual role, the economic and social

Economic function: it eliminates the uncertainty about the future achieving economic efficiency, wealth stabilized, combat poverty and encourage saving.
Social function: it stimulates the forecast, contributing to improving health.

Essential conditions of insurance in Spain: It is regulated by law 50/80 of insurance contract.

They can ensure (art. 19 LCS) losses caused by the bad faith of the insured. Bad faith is not assimilated criminal, without more, to civilian, with important consequences (especially in automobiles).

Sobreseguro, underinsurance .- The insured risk can be significantly higher or lower than the real value of the thing or the insured (sum insured), so it is essential to a prudent assessment of the insured object. In the first case (sobreseguro) the casualty, the insurance only compensate the damage to the real value of the thing, even if the insured is higher. In the case of underinsurance, the Cia. compensated in the same proportion in covering the security interest: if the thing was worth € 1000 and secured by 500, causing damage of 500, half of it will indemnify: 250 €. Applied in these cases, the clause entitled “provide compensation”. This clause applies to all types of insurance, except those designated as safe for prime risk.1

An example is the case of a person having a life insurance before buying a home. When buying a house and a mortgage to do is rule by the banks to sign an insurance that pays the mortgage in the event of his death. The fact is that if you sign two life insurance, compensation did not charge his family and another bank, but will split the payment between the two latches, and the recovery between the family and the bank. With what the compensation will be half of what was contracted and paid.

It is therefore appropriate to recommend to any subscriber of policy advice is with a Broker or Lawyer, to review the terms of the insurance policies.
[Edit] Basic Principles of insurance

The essence of insurance lies in the distribution of adverse economic effects of risks between individual assets are exposed to them.
The individual quota prevents economic harm by real economic burden bearable.
In the insurance the individual performs a psychological act of “looking” so if you get to consummate the risk the person will receive the “appropriate compensation”.