Insurance in Spain
Living in Andalucia or just on holiday? No matter what you still need to
consider getting an insurance. On the following pages you can read more about
the different types of expat insurance and travel insurance as well as a
helpful dictionary with all the words and expressions needed to translate
your insurance documents.
Health
Insurance
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Travel
Insurance
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There are two types of health insurance, medical
assistance: and the reimbursement of expenses for medical assistance...read
article |
Don't forget your travel insurance
before you take off for your holiday to Andalucia in Spain...read
article |
House
Insurance
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Car
Insurance
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The homeowner's insurance (seguro
del hogar) covers your house, the home itself
and the things you keep in it...read
article |
Insurance in Spain relating to automobiles
can be divided into 2 categories, third party liability insurance and
full comprehensive...read
article |
Life
Insurance
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Pet
Insurance
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A contract of life insurance (seguro
de vida) provides that, in consideration of the premium to be
paid...read
article |
It now
seems the type of insurance a lot of expats are used to from our
own countries are also available here in Spain to cover your cat
or dog...read
article
|
Marine
Insurance
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Funeral
Assistance & Insurance
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The increase in accidents and injuries
has caused the government in Spain to introduce compulsory third party
liability insurance for pleasure boats sailing in Spanish waters...read
article |
Just
as you prepare yourself for living in Spain, you should also prepare
yourself for the eventuality of passing away in Spain....read
article
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Insurance
Dictionary
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English—>Spanish
Insurance & Annuity Glossary
Spanish—>English
Insurance & Annuity Glossary
|
Insurance is a contract relationship entered into by the insurer and the
insured. Such a contract, more commonly called the policy,
usually provides that, on payment of the premium, the insurer promises to indemnify and
reimburse the insured for any loss incurred by him from certain stated causes.
The policy, as a contract, must contain all of the elements
necessary for a valid contract. The mutual considerations here are the premium
paid by the insured and the promise of coverage made by the insurance company.
The causes of damage as provided for in the policy are also called "risks".
The company specifically stipulates those risks which are
covered under the particular policy. Any risk that is not stated shall not
be included.
A policy must have a subject which is to be insured. It
may be the life of a designated person, a house…
The risk or peril against which the life or property is
to be insured must be specified in the policy: the death of a person, liability
resulting from the negligent operation of an automobile…
The amount for which the policy covers the loss must be
indicated.
The insurance taker is the holder of the policy. Normally the term during
which the policy will be in effect is 1 year, after which
it is renewed automatically unless you decide not to renew
it, in which case you should previously advise the insurance company 2
months before it is due.
Article by iAbogado Servicios Jurídicos SL (Madrid, Spain). Visit www.iAbogado.com for
more original content like this. Reprint permission granted with this footer
included.
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