Insurance holders in share building

Among the many types of insurance are already familiar apart is the insurance of financial risks in the joint construction of real estate. This insurance service is not to be sniffed at Sharers: who is planning or already involved in any transaction, the equity build apartments.The essence of insurance Fin. risks of real estate investors - a guarantee of return on investment in the share construction money if the interest holders will not receive on time the housing under construction in the property.

The policyholder may only serve the interest holders, that is, the one who put the money under the contract of equity participation (POs). The sum insured (ie the limit of liability of the insurance company) is usually the price of the apartment on the PO. You can hedge their financial risks in the joint construction and a smaller amount, but certainly not a larger one.

Insurance is not only subject to the risks of apartments purchased under agreements equity.Now part of the residential units sold developer for alternative schemes. Organized the construction of housing cooperatives (HBC) and conclude contracts with equity-holders to join the HBC and payment of a contribution (usually share contribution equal to the price the apartment). In some places, still caught preliminary contracts for the sale of apartments, although they are not recognized as legitimate. Also found an investment agreement to raise funds in residential construction.

Financial risks can also be insured and per shareholders and Preliminary buyers and investors, not only at official registered with the Fed Sharers.

However, it should make some reservation. This type of insurance - a rarity in the market. An extremely small number of insurance companies that have it in their repertoire. And of those who have the rules of this type of insurance, just a few use them. And each of these insurers do their reservations and restrictions in this form of insurance. We will make a brief digest of the proposed insurance products in the field of financial risk insurance Sharers.

Two major insurance company for a long time practicing insurance of financial risks in the joint construction of real estate: "Yugoria" and "Spassky Gate."The peculiarity of the insurance product IG "Spassky Gate" is that they take risks as risks for POs that are made pursuant to the Federal Law № 214 "On the equity participation in the construction."

"Yugoria" very cautiously accepts the insurance risks of objects in the low stages of readiness. However, the form of the agreement with the developer of the interest holders for her principal, if not contrary to applicable law.There are several smaller Insurers such as "Capital-polis" and "Capital reserve", also has a similar insurance products.

Regarding the procedure of insurance and insurance risks, they have all the insurance companies about the same. And we will tell about it in the second part of our article on insurance risk in the joint construction.

Read More

How to choose the insurer for car insurance

You can get paid for motor insurance in the form of money into your account or personal account.

You can repair your damaged car at the expense of the insurance company in the workshop. There is also invariant: STOA can be at our request at extra charge. fee, or at the option of the insurance, for auto repairs under warranty is offered on dealer without. of payment.Some insurance companies can choose the method of payment of the crash when applying for an insurance case to the department of payments.

Requirements for "protivougonki" from different companies can be quite different, and this is quite an important criterion for selection of the Insurer. Other things being equal, it is hardly expedient to choose an insurance company that forces put on Toit Corolla satellite alarm system for tens of thousands of rubles.Payments without reference. Almost all insurers have the option of providing benefits for one (sometimes two adjacent) damaged body parts without certificates from the authorities. In this situation the car after an accident just presented to the experts of the Insurer to inspect and assess the damage.

Such a concession to the Client for motor insurance is usually no more than once a year and has its own limit on the size of the damage (usually no more than 500 USD).

You also need to pay attention to the payment for broken or lost stekloelementy car (lights, mirrors). In most cases, the insurer agrees to pay for them without a reference from the traffic police or the Ministry of Internal Affairs, but there are restrictions on the amount of such payments for the year of auto insurance.

Predstrahovoy car inspection - a procedure in 99% of the mandatory and inevitable. Exception - for all-new interior of the car, or when extending CASCO policy in the same insurance company, if it was not a Client losses over the past year.

Predstrahovoy examination does or staff member of the Insurer, or (more often) the Insured travels on examination by a specialist in the direction of the insurance company.It also happens that by the Insured arrives emergency commissioner to inspect and photograph the car to activate CASCO policy.It is important to know that no inspection, your insurance is invalid because there is no proof safe insured car at the start of the policy CASCO.

So, do not neglect predstrahovym inspection.

And of the options look more attractive option to the emergency commissioner, who will come at a convenient time and place of the Insured for the procedure.

Location Department of payments and its mode of operation - the principal thing, too, sometimes. For machines with premium in the major insurance companies provide so-called "Remote settlement" for car insurance. When the remote settlement of the car owner can claim on the insurance if the dealer center, which was bought and / or service it. There is also on-site customer can solve all the related problem (and paper pass-adjusted, and the car in for repair for the insurance to pay.)

Inclusion in the hull of the Insured for free emergency commissioner and evacuation in case of accident - also an important factor.

In the note can be included mass indices. For example, some promotions, such as 200 liters of gasoline or a gift certificate for minor technical repairs on the road.

Can be specified mandatory deductible for someone of the drivers (usually for the young and inexperienced).

Can be specified up factor for the installment payment of the insurance premium (insurance fee).

Can be specified deadline alert the insurance company about the accident (there are even versions of "24 hours after an accident, but otherwise - refusal to pay"), etc.

Step 6. With the help of comparative tables and their own feelings of communication with representatives of Underwriters during its filling to choose their future insurance company.

As you can see, the science CASCO requires meticulous and responsible, thoughtful approach. However, much of the same function on the quote of risk and comparative analysis of the results can execute broker, but lately more and more sophisticated already experienced Policyholders preferring to deal with the selection of another insurance company CASCO insurance for his "iron friend."

Read More

Property insurance. Residential Real Estate. The insurance contract.

In the previous parts of this great article we told you about the insurance risks and insurance facilities for suburban real estate. And this tells you about the bureaucratic side of the property insurance, what documents you need for property insurance contract. The main principle for a contract of insurance suburban real estate is the presence of an ownership interest of the Insured in respect of conservation of the property insurance. And documentary evidence of such interest of the Insured is the following:

Documents of title to land on which the facility is built insurance.

This may be evidence of the state. registration of ownership or lease of the land. This can be a gardener's book, affirming the right of possession and use of this site.

Legal documentation for the object of insurance. It could also be a certificate of state registration of ownership of the house. It should be noted that this paper is required for presentation, usually at the conclusion of the contract of insurance on large and expensive house. For small cottages enough to attach to a copy of the contract of insurance books gardenerThere are situations when the policyholder has not yet become the full owner of the object of insurance, but it was against his own pecuniary interest. For example, inherited. And he wants to enter into a contract of insurance of this legacy. Then the title documents are documents concerning the parentage of the process (copy of the will, court decisions, etc.).

You may ask why this is necessary and if you can not do without it? Answer - this is a mandatory procedure, and in the provision of these documents should be concerned about is you. The insurance contract can be concluded without presenting any documents on the subject of insurance. But if an insured event occurs, and you will not be able to confirm their interest in the preservation of the object of insurance - guarantees a refusal to pay compensation.

As an example Nevesely that guide insurance companies in such situations, we present the following scenario. The policyholder has concluded an insurance contract on a wooden cottage on the farm. However, legalize the rights to this insurance, he did not have time. The neighbor, who fought for this land, setting fire to his house. The cabin burned down. The insurance company refused to pay, because the owner of the burned property could not provide any paper on the ownership of the right nor the lodge, nor the land.

So, we wish you well-insure his suburban property, and did not experience all the procedures for registration of the insured event!

Read More

Insurance broker - where he has a guarantee of quality?

The insurance market of Russia every year delights us with new names of insurance companies and new signs of so-called insurance brokers selling insurance policies of different insurance companies.

Insurance broker - what is it?

Insurance broker - an intermediary between the insurance company and the Client. Kind of like a motor show can sell several brands, as well as the insurance broker can sell policies of several insurance companies. Hard work pays his insurance company in the form of commission from every policy sold.

But if a lot of insurance companies, the insurance brokers even more. How to sort them out, and whether there is any benefit from the sale? For starters know what would be an insurance broker.

Insurance Brokers: The two main types of

An insurance broker is a financial institution, which must be licensed by its activities, ie for insurance. Such real insurance broker should develop and agree with the Treasury all the model contract, which he will sign and with insurance and with clients. His activity is strictly regulated.

Walking into a licensed insurance broker to insure your car, you can be sure that your money will reach the insurance company. And also, what kind of professional errors in the design of the policy will be someone to answer.

You'd be surprised, but throughout Russia slightly more than a hundred of these licensed brokers.

And who are these many thousands of small companies with a sign "Union super brokers" or "Insurance avtobroker" and so on.? Meet - for your insurance agent-jur. face. He is not licensed. He did not agree with someone or their contracts or their activities. He did not report to anyone. He is responsible and to customers, and to insurance companies only its registered capital (often, 10 000!).

Which is best to choose an insurance broker?

The answer is an unequivocal and definitive: licensed insurance broker. Refer to it, and you will receive expert help in choosing an insurance company. You can also be sure of the financial liability of the insurance broker before you, as the Client.

How to distinguish the real from the insurance broker firmochek-by-night?

A licensed insurance broker has two main differences: the right and license to insert into your company's name the phrase "insurance broker". The relevance of the insurance broker license is checked by visiting the website of the outstanding service: Federal Service of Insurance Supervision (FSIS). If your "insurance broker" is not on their list, then he is not a broker, and you have no guarantee of his good faith!

Be vigilant, expensive cars and homeowners! Do not trust your financial well-being untested and illegal entities!

Read More

Insurance broker - pick what you need or what you need him?

We have found that not all organizations that call themselves "insurance broker", in fact those are. We also learned the benefits of a licensed insurance broker to the unlicensed. Now let's talk about what the person for us as a customer can be dangerous unlicensed, ie illegal, the insurance broker. And also, why insure your car or apartment safer directly to the insurance company.

Insurance broker: "Where the money?"

The most common disaster that can befall an illegal insurance broker, is the question of money. Namely, the insurance money Clients too often do not reach the ticket office of the insurance company. And unlicensed insurance broker is responsible only for its share capital (as a rule, no more than 10,000 rubles). Moreover, assigning the client's money, the insurance broker does not leave for permanent residence in London - not the scale - and quietly change the sign and opens a new insurance office.

You may ask, what happens to the clients whose money did not reach the insurance company? Them that - you need to re-insure your car? No, of course not. By law, if you are holding a policy with a stamp and a receipt of his payment, you - the full client of the insurance company. Well, almost a full. In any case, to refuse payment on the insurance case you do not have rights. Though, to be honest, to pay for such a policy will have to be overcome. However, if you need to cancel this insurance (sold your car, for example), then the remainder of the premium you can not see.

Insurance broker: "Yes normal insurance - giving tooth!"

For example, suppose your insurance broker is illegal, but not criminal. And your money for insurance neat passes to the insurance company. But there is another serious risk.

You are targeting a broker opinion, choosing which insurance company to insure their property and cars. And insurance broker focused on the amount of interest on your insurance, which is his only source of income. And so, what the insurance company will give more interest to the policy, and that is in his eyes - the best.

That is, one phrase: insurance broker, first of all, take care of their financial interests and not be liable to you real responsibility for their advice and recommendations.

Insurance broker: "insure sophisticated risk - legkotnya!"

Another snag for the insurance broker may be a need to insure complex risks. Mortgage insurance, voluntary medical insurance, financial risks Sharers - leading insurance broker to a screeching halt. There is a lack of competent staff - cute girl trained to prescribe only CTP. There is a lack of information and documentation from the insurance companies - Customer forced to wait weeks for a "matching" and "necessary forms."

Question: why do this to you? When you come to the office of the insurance company and then insure all desired exactly half an hour of his time.

Insurance broker: Is the same absolute evil?

Licensed Insurance Broker - certainly has some benefit customers. For example, you need to enter in the CTP of the new driver, and go to the office of the insurance company laziness. You can contact your local insurance broker, and they can help you.

However, if you need to insure anything serious CTP, we urge you to contact the professionals responsible for their words and deeds - the insurance company.

Read More

Who needs to read the rules of insurance? (part 2)

Oral presentation and interpretation of the text of the Rules of the insurance agent insurance has no legal force. You will not be able to make even then a recorded voice to the claim, if you have to fight with the insurance company for payment. All the same, the priority will be for the Insurance Regulations as per legal document signed by both parties to the contract. The insurance agent should provide answers to customers' questions as accurate and unambiguous wording - and that the wording of the same Rules of insurance. That is, Ideally, in an absurd insurance agent will read us the same security rules, literally and items.

An insurance agent is interested in us as a Customer - ie the source of their income. So, we have no assurance that its interpretation of the Insurance Regulations will be impartial and will not fall out of it essential for us moments later. That is, there are no guarantees that the insurance agent is objective and is responsible for the mistake in explaining the essence of the Rules of insurance.

Question. What, then, us-Insured Clients do? Who can be trusted?

Well, first of all, can you believe my eyes and ears, and still spend time and attention to the awareness of the contents of the Rules of insurance. Some of us are more receptive to information on hearing, and for such clients, many insurance companies have set rules on insurance phonorecords.

Secondly, you need to charge shtudirovanie and interpretation of the Rules of insurance - disinterested professional - independent legal service that the contract for the provision of services to the Client shall be liable for legal advice and give a written opinion on the content of Insurance Regulations (including provisions in their disadvantageous for client).Of course, the assistance of a lawyer is worth the money. But it's much less money than the premium paid in vain under the policy, whether or not the indemnity due to our lack of knowledge of the requirements of the Rules of insurance.

In the West, it is generally normal - to give the Insurance Rules for legal review before signing insurance contracts. Let's hope that Russia will learn and apply carefully to their resources and prevent possible loss of money!

Read More

Who needs to read the rules of insurance?

Insurance Rules - waste paper or an important legal document?

When we come to insure we get 'tied' to the insurance policy hefty stack of paper with the text entitled "Insurance Regulations." Do not rush to send this pack in your stove in the country, as insurance regulations - a full legal document and a full part of the contract of insurance.

Insurance rules say that is an insured event, and that - no, make that the Customer upon the occurrence of insured events, what are the rights and responsibilities of what, and for what is in the insurance company. Insurance rules each insurance company has its own for each type of insurance, and they are not just composed by the Insurer, and yet, without fail, tested and approved in the Insurance Supervision Act (a special supervisory Insurance Department under the Ministry of Finance). So for the insurance company and the Client Insurance Regulations - a key and a binding legal document.

But how to understand them, do not miss, especially, with regard to our future well-being? How not to miss the "pitfalls" in the text, which can serve as a reason for denying insurance payment?

Of course, ideally, you need to take insurance insurance terms and sit at their shtudirovanie. But it will require a lot of time, attention and, most importantly, expertise! Not all have such resources. So you need someone's help.

First of all we will call for help, of course, our insurance agent. Of course, the insurance agent - a professional and has all the insurance terms, moreover, it is as interested in us as a client, and should provide us with the maximum service. However, there are a number of "NO".

Read More

"I want a brand!" About CASCO consumers who want only "branded" insurance company

Even in this case, I think the cost of insurance for all companies. It happened that I did it to convince the customer a substantial saving money by offering good and reliable company, but not the brand, here's the catch. Next: the customer to insure getting a policy on hand, saving money, like all happy. But that's talked to friends (also brand advocates), members of the family, I thought to myself - anxiety begins: "Oh, well, saved money, but that's not the brand". Ask how I know that? It is simply a customer calls and wants me to be safe - to return to the policy of the company, exchanging it with a surcharge on the brand, can not sleep. I asked: "And what you do not like this company? She's a good, reliable, with high levels of financial stability." Answer: "Yes, I do not know, just the brand is known for, is not coming from the screen. 

Heavy heart somehow." As you can see, the answer is no logical justification. This is the result of human exposure to advertising resource, I will, and here's why - I do not know the name of the known. A similar example: put in the store two are exactly the same on the TV and one write "Samsung" and the other "Sony". Since the majority of buyers even knowing that they are the same, all the same will subconsciously seek to "Sony". That's the influence of the brand.

So I can advise policyholders to study all the proposals. If you have questions, they can also ask the agent: "What kind of company? And what pays? How long on the market?" Well, and others. For example, there is a good company in the market with a large share of German capital (joint German-Russian), I will not say (I can not answer personal conversation / correspondence), so many troubling her a little-known, agree to insure there because of the cost savings. Either because the agent was able to convince and to defend their point of view. There are many companies with quality insurance is not worse than the brand, but for less money because they do not have to pay for the huge cost of the promotion (creating sustainable brand). The choice is always up to you, to me is to wish you make the most appropriate choice for insurance as well as the purchase of any other product.

Read More