WHAT IS THE FIRST RISK INSURANCE?

WHAT IS THE FIRST RISK INSURANCE?

The first risk insurance is a form of insurance from home that can be very beneficial for the insured in some cases and, in any case, simplifies the claim for compensation in case of loss or theft. The first risk insurance ensures a certain value to which the insured is cubierto1, regardless of the total value. This allows you to know at all times what will be the compensation without that applies the proportional rule, that is the formula that applies in case of accident insurance company when policy is capable of underinsurance.

Home to first risk insurance can be done on the continent and on the content, and can be combined in other insurance or insurance for the full value.

FIRST VENTURE ON THE MAINLAND HOME INSURANCE

The first venture on the Mainland home insurance are very interesting when the community of neighbors already have insurance. The first risks on the Mainland insurance allows the insured have covered what the community insurance does not contemplate in the policy.

In these case, the first risk insurance is made by capital less than the total value of the continent, since this is already included in the policy of the community and is made simply to make sure that everything is covered.

This first comprehensive insurance on the Mainland is also very suitable for people who have a House for rent. This type of insurance very appropriate when you have a property for rent to be able to solve quickly any incidence that they do not charge the owner of properly (well because does not have insurance, well because it ignores, well because the insurance company's owner puts obstacles, etc.).

FIRST VENTURE ON CONTENT INSURANCE

Insurance first venture on the content have the same advantage that in the case of the continent: not to apply the proportional rule, in case of loss or theft, it compensated with a quantity fixed in advance. Usually ensure a first venture jewelry and works of art, provided that these have a value greater than 1600 euros or its value exceeds 10% of the total insured. For these cases there are specific insurance. They are also often reassure first risk appliances, furniture and electrical appliances.

ADVANTAGES AND DISADVANTAGES OF THE FIRST RISK INSURANCE

The main disadvantage of the first risk insurance is that it does not charge compensation for the full value, but it is charged only up to the amount insured in each case. There are cases in which can get more cost-effective than applying the rule of proportionality, and is also much faster.

WHAT AND WHO INCLUDES THE FIRST RISK INSURANCE

The first risk insurance covers both the insured and their spouse. It also includes both parents if they live with them and it can be demonstrated that they are economically dependent, as well as to the children of the insured who live with him up to 26 years of age.

In addition, the first risk insurance also covers damage to third parties, with the payment of the compensation corresponding to handicapped persons and the payment of the legal costs in the event that you need legal defense, as well as bail to ensure civil responsibility towards third parties.