The different types of insurance

There are two main categories of insurance: those covering a natural person and those covering property. But, it is also possible to subscribe several insurance in the same contract. This is called "multi-risk".

The insurance of persons

Personal insurance is intended to cover risks relating to individuals such as personal injury, illness, death or disability.




  

There is a distinction between pension provision (loan guarantee, daily allowances, education pension, etc.) and health, which is subdivided into two distinct categories: the compulsory guarantee (Social Security) and the complementary guarantee (mutual insurance, insurers, etc.).


The insurance of persons can be subscribed either individually or collectively. Some contracts allow the constitution and payment of savings in the form of capital or annuity. This is particularly the case of life insurance.

Damage insurance

Damage insurance provides compensation in the event of a claim.It includes both liability protection (civil liability, family liability or professional liability) and property (damage to the vehicle, protection of movable or immovable property).For example, in the event of a traffic accident, it guarantees, among other things, compensation for the damage suffered by the car and is therefore necessary even if, in most cases, it is not compulsory. This is particularly the case of provident insurance.There are two levels of damage cover: the collision damage guarantee (allowing an insured to benefit from compensation in the event of a responsible accident with the presence of an identifiable third party) and the all-accident damage cover (allowing an insured to benefit from compensation in the event of a responsible accident even in the absence of third parties).