FAQs

In the Personal income taxes you can deduct contributions you have made to the pension plan during the year, up tp 30% of the net yield from work and financial activities received, with an upper límit of €8.000.

It is a type of retirement plan, usually tax exempt, wherein you or your employer make monthly contributions. It is a way to save money for later in your life because it guarantees you a retirement income. You get a tax relief up to certain limits on money you pay into a pension scheme.

It is the money amount that the policyholder must pay in case of repair of the vehicle, due to an accident. With this tool, the company reduces the risk of loss as well as the insurance premium. This amount may be fixed or a percentage and it’s contained in the contract. For instance, if a driver has an excess of €180 and the repari cost is €400, the insurer will pay the remaining €200 from the excess. This kind of insurance is the best choice for drivers with low accident rate.

Now there is the possibility to cover the excess with ASEGUROMIFRANQUICIA. This cover offered by Asset Ibérica Underwriting reimburses the money of the excess when the main insurance company of your vehicle has implemented it to you. For more information visit www.assetiberica.com

It is the price that a used car can reach to be sold. It depends on the age of the vehicle, the state of conservation and the law in force at the moment of the transaction. Insurance companies take this amount into account to calculate the price of the vehicle that has suffered a loss.

Most of the companies in Spain do not allow it. Most of the regulations of the various countries indicate that the driver who wants to drive a car in a different country than the place it is registered , even for a few hours, should deregistrate the car in the country of origin and register it on the new one.

According to the law in force, it is mandatory although there is the possibility of exempting the payment of the insurance. The law establishes that all cars must have an insurance covering at least public liability.

Is the actual application for benefits providded by an insurance company. Policyholders must first file a claim before any money can be disbursed to the hospital or repair shop or other contracted service.

After a claim is filed, the insurance company may send out an investigator called an adjustor or appraiser. This person’s job is to objectively evaluate the damage and determine if the repair estimates are reasonable. This is to prevent possible fraud by contractors who may inflate their bills for additional compensation. Insurance companies tend to accept the adjustor or appraiser’s evaluation as the final word.

It is the time between the filling of an insurance claim and the payments made on the claim.  In other words, it is the length of time between the beginning of an injury or illness and receiving benefit payments from an insurer. It is sometimes referred to as a ‘elimination’ or ‘qualifying’ period. Before benefits are paid, most insurance policies require that a policyholder qualify for the elimination period.

The policyholder is the person or organization in whose name an insurance policy is registered.

The insured is the one whor has or is covered by an insurance policy.

The beneficiary is the person who receives the insurance proceeds from a life insurance policy or annuity. It also can refer to someone who receives benefits from a health insurance policy such as payments for a health care service.

The content value must include the valuable objects that are in your house at the moment of the contract. It is the only way to be covered in the event of a possible theft, flooding, fire or another damage. Valuable objects are jewels and jewellery, gold, silver and platinum objects, pearls and semi precious stones. The first thing that you will be asked for is to prove the value, that’s why it’s important to keep the receipts, make photos to the objects and, if possible, get a jeweler’s valuation. I you don’t have any of this documents, an expert will valuate the stolen items according to some pre-established standards and the house features.

If you live in a rented house you also need home insurance, although you only need coverage for renovations that you have done, civil liability and your belongings. The owner is responsible on the building.

The capital stated in the insurance contract would stay below its real value if it is not updated. To avoid this the sum insured is updated automatically, each annual policy renewal date, according to IPC.

All the material and elements that are part of the structure of the house (walls, roof, floor, plugs, wooden floors, pavement, trims, installations…). It must be noted when calculating the value of the house if a renovation have been done. It also forms part of the building the facilities built out of the house like parkings, swimming pools or storage rooms and every other part that are not component part of the house itself but that are located in the same building.

Material damage directly caused by the action of rain, hail, snow and wind is usually covered but it must be kept in mind that natural disasters are no included (earthquakes, tsunamis , volcanic eruptions…).

Rules relating to the mortgage market says that it is not compulsory to takeout home insurance to sign a mortgage loan. Despite the fact that the Bank offers it,we have the option not to access such contracts. On the other hand, the fire insurance is compulsory for those mortgages whose owner is the Bank.

Despite this, even though we have the house already paid, it is highly recommended to have home insurance, mostly for public liability towards third parties.

The property located inside of the building shall be deemed the contents, provided that it belongs to the insured. Goods belonging to third parties shall also be included. Contents are deemed to be: furniture and fittings, household an personal items, electrical appliances, audiovisual devices, decorative objects, cuttlery, glassware, food…

The more the value of the contents is the higher the premium, but if you leave a good out of the list it won’t be covered. Jewelery and artworks should be declared expressly, especially if they exceed a certain value.

La compañía puede exigir que se verifique tu estado de salud mediante la presentación de un reconocimiento médico o que completes un cuestionario en el que se detallen dolencias o enfermedades que hayas sufrido con anterioridad o en la actualidad, llamadas preexistencias.

Se trata de una modalidad mediante la cual el asegurado que desee optar por un médico que no figure en el cuadro de la compañía, abonará al facultativo la consulta y la compañía le reembolsará dicho importe, de manera parcial o total según el porcentaje contratado.

Es la cantidad que debe abonar el usuario de una póliza con copago cuando usa un servicio. El copago es una manera de evitar la subida genérica de la prima y concienciar al cliente de la necesidad de usar de manera responsable un servicio determinado. Este tipo de pólizas es idóneo para personas que buscan una atención médica de calidad pero no acuden asiduamente al médico.

Both are focused on the policyholder’s decease so that beneficiaries do not have to face the expenses in the future. Life insurance includes compensation, established in the General Conditions, allowing family members to maintain their economic stability. The funeral insurance covers all the paperwork and burial expenses.