Auto Insurance Glossery
Accessories and fittings of the vehicle
Parts, equipment or embellishment mounted after the entry into service of a vehicle.
Accident
Any event unintended, unforeseeable and outside the insured causing bodily harm, material or immaterial.
Fixtures
Arrangements or decoration work of fixed or mobile for every body building.
General Agent
The general agent is the exclusive representative in a geographic area d? an insurance company.
It urges it by selling insurance contracts to its customers, receiving payment of d? Insurance and insurance claims, by paying compensation to policyholders in the wake of a disaster.
The general agent is paid to the commission by his company d? insurance.
Background
Information relating to the history of the insured. When issuing a contract, this insurer asks the client to report its history so that, in light of its historical als, assess the situation of risk and propose a rate corresponding to its situation. See also “Statement of information”.
Assistance
Aid in kind or cash provided to the beneficiary when? He is in trouble because of one event under contract (def BOCCRF 20/11/98).
Property & Casualty individuals
The property and casualty insurance (fire, accident, casualty) individuals means all insurance for individuals.
It? Acts primarily in motor insurance, the insurance Housing and civil liability.
Insurance
These are the assurances required by law. In France, there are approximately 80 (RC car, RC ten?).
Individual health insurance
It means the contracts individually to secure repayment of all health spending in addition to the basic social system (medical expenses, hospitalization, optical, dental specialists, radios, …).
Optional addition to these contracts, guarantees may also be purchased to preserve the income maintenance for absence from work, disability or death.
Life Insurance
The name encompasses two separate products:
- Insurance products that guarantee the death of a lump sum payment to a beneficiary upon the death of the insured
- And capitalization products that guarantee the insured the payment of capital plus interest at maturity of the contract.
Insurance
By which the operation? Insurer has paid a premium (or contribution), promises a benefit to another party (the subscriber / l? Insured) in the event that d? Event.
Insurance
These assurances include the assurance of things (also known as insurance products) to cover compensation for damage to the assets of the insured, and liability insurance covering the financial consequences of the responsibility of the insured or a person who is legally responsible, following damage caused to others.
Insured
In the field of automobile insurance, the insured is the owner of the vehicle and any person who, with the permission of the owner, custody or driving the vehicle and any person who is transported for free.
In insurance, the insured is the owner or tenant of the property, spouses, minor children and unmarried adult children living under one roof at the address on the contract. But also any other person residing permanently under the same roof, to the address on the conditions.
In insurance, the insured is the person on which the risk (death, illness, disability).
Endorsement
If the original terms of the contract are amended to reflect a new event (new driver, change of address) or the parties, the insurer issues an endorsement which is a document appended to the specific conditions of the contract, so taking into account the new situation and related safeguards.
The addendum is a document which does not produce a new contract.
If an event that justifies your contract is subject to an amendment, let your insurer quickly by letter. All riders must be kept with other documents of the contract.
Notice of deadline
Mail by which the insurer seeks payment of the insurance contribution.
The customer has legally for a period of ten days from the date of expiry of his contract to pay the fee .
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