We will look at the methodology before subscribing to a contract.
In daily life, insurance serves to provide protection against the consequences of events that an insured person may cause or suffer.
To have good insurance, the insured must adopt the right reflexes.
It should be known that some insurance are mandatory. Examples of compulsory insurance include auto liability insurance or even residential civil liability for co-owners or tenants. Construction damage insurance is mandatory when building a house.
Assessing one’s needs
If the insured wants to be well covered, they should start by assessing their needs. The insured should ask themselves the following questions:
- what do they want to insure?
- whom do they want to cover?
The answers will depend on personal, professional, and family situation.
Selecting the appropriate product
Once the insured has a clear understanding of their identified needs, they must choose the suitable insurance product either at an agency or directly online on the internet.
To better understand the contracts, the insured should read the documentation on the insurance product. It is important at this stage that the insured have a good understanding of each product.
They must identify what is covered and what is not.
Identifying the corresponding formula
Once the contract has been found, it is necessary to analyze the different guarantee options to find the one that suits you best.
Each option includes systematically provided basic guarantees and optional guarantees that the insured can choose based on what is useful to them.
Choosing the level of protection
The levels of protection can be higher or lower.
The insured must pay attention to:
- the coverage ceiling
- deductibles
These two points vary according to the options and have a direct impact on the insurance price. They also affect the amount of compensation in case of a claim.
Guarantee exclusions
All insurance contracts contain exclusions. Some are even defined by law, so it is important to be attentive to the specific case where the contract will not come into play and therefore will not compensate for the claim.
Declaring the risk to the insurer
The insured has the obligation to respond accurately and honestly to the insurer’s questions when declaring the risk. An inaccurate declaration can lead to a reduction or denial of compensation. A deliberately untruthful declaration can lead to contract nullification.
Review of the contract before signing
Before subscribing to the contract, the insured reads the documents provided.
It is necessary to verify that the guarantees needed by the insured and the declarations are consistent with their situation. L113-2
You now know the steps to subscribing to an insurance policy.
Remember that you have the option to receive review questionnaires by clicking the button below.
Entraîne-toi avec nos Quiz de révision
Fini les lectures passives. Pour retenir les notions clés du BTS Assurance, teste-toi ! Inscris-toi pour recevoir 1 quiz par jour directement dans ta boîte mail.
