Frequently asked questions about insurance companies and their answers

Insurance is an important aspect of our lives, which protects our property, health and financial interests. But, when choosing an insurance company and applying for a policy, many may have questions. Let’s look at some of the most frequently asked questions and their answers.

1. How to choose the right insurance company?

The choice of insurance company depends on many factors, including your location, type of insurance, prices and policy terms. Before choosing an insurer, it is recommended to conduct market research, study customer reviews and pay attention to the reliability ratings of insurance companies.

2. How to determine the reliability of an insurance company?

How reliable is the insurance company can be determined by a number of indicators, including its financial stability, reputation in the market, work experience, Availability of a license and degree of customer satisfaction.

3. What types of insurance does the insurance company offer?

Most insurance companies offer a wide range of insurance services, including car insurance (compulsory MTPL insurance, comprehensive CASCO insurance), medical insurance, home insurance, life insurance, travel insurance and other types of insurance.

4. What are the main insurance coverages?

The main types of insurance coverage include civil liability, which covers damage caused to third parties; property insurance, which protects your property from various risks; and health insurance, which provides medical care in case of illness or injury.

5. How does the process of paying insurance compensation work?

The process of paying insurance compensation depends on the type of insurance and the terms of the policy. Typically, the client must file an insurance claim and provide the necessary documents. After reviewing the application, the insurance company decides to pay compensation.

6. What to do if your insurance claim is refused?

If the insurance company refuses to pay insurance compensation, the client has the right to appeal this decision. To do this, you can contact the relevant supervisory authorities or seek help from a lawyer. But most often the refusal occurs because the case is not insurable or does not fully comply with the contract.

7. How to keep the cost of an insurance policy at an acceptable level?

In order to save on insurance payments, it is recommended to compare offers from different insurance companies, take into account discounts and promotions, and also pay attention to your credit history and driving record.

In conclusion, before choosing an insurance company and applying for an insurance policy, it is important to carefully study all the conditions and agree on all the details with a representative of the insurance company. Successful selection of an insurer will help ensure reliable protection of your property and financial interests in any unforeseen situations.

Vladyslava Rykova

Expert in legal marketing. Head of marketing agency MAVR.

Business degree “Master of Business Administration” (MBA).