Reform of Credit Insurance

December 22, 2009 by · Leave a Comment
Filed under: Other Insurances, Personal Loans 

Recently, Christine Lagarde, Minister of Economy Industry and Employment has introduced a plan of reform to substantially change the current laws that allow banks to require borrowers to their insurance policies at a mortgage application.

Recall that this insurance is to cover the borrower in case of death, incapacity, disability and sometimes loss of employment. This reform will allow and, in 2010, all borrowers to choose their insurance loan only if the proposed contract includes guarantees equivalent to those offered him the bank.

For information, 85% of borrowers subscribe today their contract with the lender. Another very important aspect of reform: to increase transparency. Consumers who wish to subscribe an insurance credit will be now put a sheet of advice and information.
The government has prepared this document in consultation with the insurance professionals in partnership with consumer groups. And for the first time, consumers have been involved in creation of panels that have helped test and improve substantially the paper.

The form of advice and information is a unique setting that will prevail at all and should be completed jointly by the borrower and the dealer (banker, insurer, broker …). It enables consumers to be better informed of their rights and duties, which, it must be admitted, was lacking until now.

Finally, consumer credit will display the price of credit insurance. This should be expressed in euros per month. Recall that the market for credit insurance is a very active market with over 4 million contracts sold in 2007 (mortgage and business) for a turnover of over 6 billion and a half euros. Today over 30% of households who own an insurance contract borrower is more than eight million.

Life Insurances in Euro Capital Guaranteed

December 20, 2009 by · Leave a Comment
Filed under: Health Insurances, Other Insurances 

Without risk, life insurance contract in euros is a savings account which is to accumulate capital by installments scheduled. The ability to make partial withdrawals are in a position where the member meets the terms of the contract, the goal still being to let the money grow for several years and allow to reduce taxation.

The capital of a life insurance contract in euros is guaranteed and the interest generated each year by the capital are acquired. But be careful, however, admission fees and management vary across insurance companies. Take care also in case of bankruptcy of the insurance company. In this case, a guarantee fund shall indemnify each insured up to 70000 euros.

You can withdraw your money whenever you want, outside of the cancellation period of 30 days, and without waiting for 8 years and if we respect the term of the contract about the total or partial redemptions.

The contract of life insurance euro is based on a guaranteed minimum annual rate plus a share of profits earned by the insurance company. Less than 4% in 2007, specialists in insurance and finance provide a guaranteed minimum interest rate around 3.5% in 2008.

Regarding the taxation of life insurance contracts in euros, only the interest of the money withdrawn from savings are taxed. You can choose to incorporate these interests in your income and you will be taxed according to the scale of your tax bracket.

For life insurance contracts in euros, payroll taxes are still 11%. But they cover only the interest generated by the contract on December 31 and every year.

Finally, in case of death of the insured or the beneficiaries of life insurance contract signed in euro since October 13, 1998 will enjoy an allowance of 152,000 euros, including all contracts. Above this amount the tax is 20%. And for transactions made after the 70th birthday of the insured, an allowance of 30,500 euros is applicable on payments, including all contracts. Interest is then exempt from tax and the surcharge is subject to inheritance classic.

About Credit Card Insurance (Part 1)

November 16, 2009 by · Leave a Comment
Filed under: Credit Card, Other Insurances 

In this post (part 1) we will discuss more about the basic of credit card insurance. Insurance with your credit card (Visa, Mastercard, American Express) are more like contracts to help you attend to incidents, for a short time without providing health insurance coverage and very important in any case if you stay more than 3 consecutive months in the United States.

If you want to be well covered, we recommend you use them in conjunction with a specific insurance. Without going into too much detail, we will outline the services offered.

The main services via your credit card

Warning: This analysis is not exhaustive and has no legal value. Moreover, certain safeguards have been updated by the banking institutions but not yet integrated in our presentation. We recommend you always contact your bank for details of your cover.

Persons insured

It is usually the cardholder, spouse or partner, dependent children for tax under the age of 25 years and ascending and descending. A note on Visa cards that the spouse and dependent children are covered even if not accompanied by the cardholder. As for the MasterCard “standard” including the family of the owner must accompany order to receive the benefit.

Territorial Extent of coverage

For Visa “standards” and “first”, you will be covered worldwide, without excess mileage for your business or private stay in your country of residence (if you are a resident French: metropolitan France including Corsica, Monaco, Andorra, DOM TOM and COM) or outside your country of residence for the security assistance. Regarding the insurance guarantee, it applies to more than 100 km from home or place of work. For cards Mastercard and American Express, assistance does not require franchise mileage, except for the “Gold Amex with which you are covered until 50 Km to you for the assistance of your vehicle, the medical assistance and repatriation expenses, and 100 km from your home in the world to guarantee the rental vehicle.

Length of Coverage

Guarantees of credit card take effect on the date of purchase (under certain conditions) on these cards throughout the duration of them until termination or automatic renewal by the licensee in the country of residence. When traveling abroad, secured assistance apply the first 90 days of stay. This condition can vary from one card to another depending on the type of coverage (insurance or assistance) if the stay is to last longer for specific reasons (death, disability due to an accident during the stay) for the “Visa First, the insurance guarantees apply the first 180 days of stay. Caution: If your stay exceeds 3 months your credit card “standard” will not cover you.

Conditions of application

As mentioned previously, the guarantees offered by credit cards apply in general from the possession thereof but subject to certain conditions. There are two types of guarantees, assistance and insurance. The first applies when the purchase of credit card, in case of illness or injury, death, legal action abroad and help the onward journey. The second applies when you set your travel services and other purchases related to it with your credit card, incidents of travel (delay planes, trains, luggage) and accidents Travel (death, disability). This can vary from one card to another.

Finding Free Quote for Home Insurances

November 3, 2009 by · Leave a Comment
Filed under: Other Insurances 

Do you think it is possible to get to an online insurance quote free home, through Internet sites specializing in the field, you only need to know the areas and the layout of your current home or your future apartment. It is necessary to calculate your quote, specify the type of housing for which you seek to ensure: Is it a house or apartment? Is this a primary or secondary residence? These are dumb questions when filling a form. You ask the average area in square meters of dependencies, but also the number of rooms, location of the dwelling concerned, it is possible that the cost of insurance varies by region sensitive to the risks of flooding or d ‘fire. It is not uncommon for reasons which you want to sign a contract you will be asked, as the due date of your last contract, if you have one already. The insurer seeks to both improve the services it offers but also to better know its customers.

Get a quote free home insurance is gaining incredible time, especially if you work very busy, which is not unusual when you come or we will move into its new “home”. Many paper are complete, we run from left to right to inform his change of address with its bank, its mutual health insurance, your supplier of electricity and many other even without counting the endless hours spent at to activate or change the new phone line. We really no longer wondered why some people prefer to take a few days’ leave “to organize their move. Others have a job too involved, and it is difficult to free themselves of their duties and find time, others want to change home insurance without necessarily dwelling. The orientation towards a comparative insurance allows individuals whose free time is a rare moment, to enjoy a combination of bids from different agencies.

To make an insurance quote free home, you should contact your personal details to receive deuxou within three days of your request, your quote in good and due form. Know that you have a right to access and correct any personal information about you. Generally, they are not disclosed, but sometimes it is stipulated that they will be used and disclosed to research companies for anonymous surveys do not present any commercial solicitation. All the time, you can still share, by written request, you oppose the dissemination of these data.

How to Get Cheaper Car Insurances

October 30, 2009 by · Leave a Comment
Filed under: Car Insurances 

I dream about a sports car, and look forward to things to buy, but buying car insurance is not one. You own a car, then read Following this article and you’ll know why insurance Car is a necessity.

Driving without being insured is a huge risk for you. Uninsured drivers may face more types of punishment and may not be able to cover expenses. Besides the risks imprisonment, you should know now that is very important to insure your car.

Then you say surely it is but I do pay all my money to insure my car? More worries you do. There are tips for finding insurance cheapest car.

It is important to note that the rate of car insurance depends on the estimation of risk insurance. If a insurance company discovers that you are a driver high risk, your monthly premium will be higher than the average driver risks. There is therefore
tips to lessen the risk, reducing your costs auto insurance.

Here are some tips for car insurance cheaper:

1 – Request for reduction. Many insurance companies offer reduction plans for safe drivers. Enjoy these offers.

2 – Obey the traffic laws, especially the limit speed.

3 – Buy a vehicle that causes less damage
(accident) and offers more security for you and
your passengers.

4 – Take a safety course defensive driver. You will be informed of the importance of being a defensive driver, which in turn can lower your auto insurance.

5 – buy additional security for your car.

Now that you know that you have cover, use the tips mentioned above to reduce your auto insurance rates. Be in constant search of information on how to obtain auto insurance cheaper.

About Driver Protection in Car Insurance

October 22, 2009 by · Leave a Comment
Filed under: Car Insurances 

The insurance for driver of a vehicle is rarely taken into account in an accident more or less serious. Now that you’re driving or you lend your vehicle to a family member or friend, you must tell your insurer for the driver’s responsibility is engaged.

In case of accident, the driver’s responsibility keen interest the insurance company with which you signed a contract. If the driver is not responsible for the accident, he will be compensated as other victims. By cons, in case of fault, the insurer may exclude any compensation for his injury. This obviously varies depending on the degree of responsibility. If the driver died in the accident, his family will lose all or part of compensation.

The consequences of a traffic accident are still terrible emotional side, but can become a catastrophic financial aspect. The hospital expenses, medical expenses, let alone any loss of salary or employment. And in case of death of a member of the family, the living standards of other family members may deteriorate to an unacceptable manner.

So often optional, insurance companies offer in recent years a “security driver” which provides compensation for certain elements such as permanent disability or temporary work or reimbursement of medical expenses and hospitalization remained in charge of the insured. Some insurance companies even provide to ensure all drivers of the vehicle provided that they may be allowed.

Check with your insurance company and do not neglect this essential aspect of the insurance driver. The security damage the driver, often incidental, is unfortunately necessary because accidents do not only to others.

A hint of optimism still: the traffic accidents were down by 3% in 2008 and insurance companies offer lower rates for 2009

Choosing Health Insurance Properly

January 11, 2009 by · Leave a Comment
Filed under: Health Insurances 

Choosing a health insurance policy is an act more and more common, since it is a financial product widely used by the French. But what criteria should we choose to build a life that will really cost to run?

Choosing a life insurance policy can combine the advantages of savings included in the term, and ensure financial security to loved ones or yourself in case of death or injury. To choose a life insurance interesting in any of these cases, it must be special attention to certain points in the contract.

When choosing a life insurance policy must include determining the type of investment that will be applied to capital made by a withdrawal followed by monthly contributions. Under the apparent multiplicity of possible investments, there are really only two main modes of management. The euro fund to match a safe investment: capital is guaranteed and carried interests are acquired. The performance of funds in euros is still fairly low. Equity investments relate more, but they also contain much more risk. Choose a life insurance amounts mostly to make a mixture of these two types of investment: the more conservative will opt for programs with 80% investment in euro, while the more adventurous may prefer a mix with only 40% in euro, and 60% in equities.

When choosing a life insurance policy must also take into account the amount of fees charged for managing the contract. In practice, this setting makes the difference, since they are deducted from interest earnings. Choosing a life insurance policy with a strong performance may well be less profitable than agree to a contract less ambitious but with minimal management costs.