Why do we need insurance

Insurance is a way to protect you and your property from various risks. It is of two types:

Mandatory
Voluntary


In the first case, insurance is necessary – this is dictated by law. There are few types of compulsory insurance:

medical ( OMS );
retirement;
motor third party liability insurance ( MTPL ) for vehicle owners;
liability insurance for businessmen, as well as for several groups of professionals. For example, it is necessary to insure those who work as a notary, depositary, cadastral engineer, appraiser, arbitration manager or customs representative.
It happens that insurance is a prerequisite for issuing a visa to enter certain countries. But from the point of view of the law, this is not a mandatory type of insurance.

Voluntary insurance is, as the name implies, a conscious choice. You can insure almost everything: the footballers insure the legs, the singer – the voice. You can insure life, health, home, cottage, car. All types of insurance are listed in the Law of the Russian Federation of 27.11.1992 No. 4015-1

Why do you need insurance?

Insurance does not protect against accidents, natural disasters, bankruptcy, illness and other unpleasant things. But it will help to cover the losses:

Scratching a new car is unpleasant. But not so annoying if you have a comprehensive insurance that will cover the costs of eliminating it.
Influenza in travel – sad. But not so sad if you have travel insurance, thanks to which your treatment will be free.
Neighbors flooded – offensively. But it is not so offensive if the insurance company pays for the repair of the apartment.
What to look for when choosing an insurance company
License
The company must have a license for a specific type of insurance. Check if there is a license for the type you need. This can be done on the website of the Bank of Russia . Download the “Subjects of the insurance business” table, find the right company there and check. You can also check the availability of a license online using the Directory of Financial Market Participants (official information of the Bank of Russia).

Tariffs
Insurance rates must comply with the requirements set by the Bank of Russia. Very low rates can be a sign of fraud. The approximate cost of the policy can be calculated online on the website of the insurance company. Calculate the cost on the websites of different companies, check the numbers. Please note: the more risks are provided for in the contract, the higher the price of insurance.

Reputation
Focus on well-known reputable companies that have been in the market for a long time. Survey your friends, read reviews on the Internet.

Conditions
Carefully read the terms of insurance. Require a full version of the contract, because not all is written on the form of the policy. Pay special attention to the item that lists the signs of the insured event. Learn what insurance does not cover. Check with the representative of the company for the procedure of indemnification in different situations, ask about the dates.

What is insurance fraud and how not to become a victim of scam
The phrase “insurance fraud” is often used when they talk about deception by the insured – in cases where the client of the insurance company is trying to illegally get money. But clients who want to insure themselves or have already done so can face fraud or dishonesty of an insurance company.

Selling fake policies

This is an actual problem for CTP policies . For example, a person bought a car and went to put it on record. On the way, I met street agents and immediately issued a policy for only 1,000 rubles. It would seem, successfully saved. Formally, the form of such a policy is real, but in insurance companies it is listed as invalid (lost). And the client may ride with him for a whole year and not know that he bought a fake. Problems will begin if an insured event occurs. Repair the car or get money on this policy will not work.

You can verify the authenticity of the CTP policy on the website of the Russian Association of Motor Insurers .

Online scams
You can apply for a policy online for most types of insurance. This is convenient, saves time, the main thing is not to get on a fake (phishing) page that duplicates the site of a real insurance company. Therefore, carefully check the page where you plan to buy a policy. Make sure that this is the official website of the company: pay attention to the address in the address bar of the browser, to the secure connection icon or its absence.

Imposed insurance
This is not pure fraud, but rather the dishonesty of some insurers and credit organizations. They use the fact that people do not read the contract, do not delve into what they sign. By law, the bank can not require you to insurance, issuing a loan. He is obliged to offer a loan option without insurance (but in this case, the rate on an uninsured loan will be higher).

Example: a client took a car loan, read the contract carefully at home, looked up information on the Internet and found that he had made three insurances with the loan, and he was much more expensive than the average market price, and didn’t need two of them. What to do? The client has the right to refuse these insurance, for this there is a cooling period. It lasts at least 14 calendar days after the purchase of the policy. During this time, you can take the insurance policy and get your money back. Please note: in some cases, the policy cannot be returned, despite the cooling period .