After receipt, we will process the application and we aspire to a response from the insurer within 5 business days, but this may vary depending on the circumstances of the application. Once the insurer has fulfilled its obligation to make an offer under the contract, all necessary personal documents/data will be provided between the insurer and the broker acting on behalf of the application. In some cases, your insurer will issue you a green card. The green card system is a protection mechanism for victims of cross-border road accidents, which consist of 48 Member States. The green card tells local law enforcement agencies that you have the minimum level of insurance required to legally drive in a participating jurisdiction. Full insurance is, in most cases, the most expensive coverage on the market. It offers the same coverage as fire and theft by third parties; However, it also allows you to claim accidental damage to your own vehicle, regardless of who is responsible in the event of a collision. The Rejected Cases Committee is part of the Irish Insurance Federation and includes representatives of various insurance companies. The current agreement on denied cases was drawn up in 1981. About two million drivers are insured here, so the cases that are referred to the committee of refused cases represent almost 0.2% of drivers.
Surplus. Most insurance policies contain some kind of surplus clause. This means that you are responsible for an agreed amount equal to the cost of a claim (for example. B the first 250 euros). They cannot benefit from less than the surplus. In most cases, the decision to pay a large surplus reduces the cost of your premium. Level of coverage required. In most cases, liability insurance with a lower premium than fire protection and third-party theft becomes important, while comprehensive insurance is usually the most expensive form of coverage. Many insurers also offer additional forms of optional coverage that increase the cost of your premium. These additional blankets may include: no damage supplements, windshield cover, damaged or stolen personal items, emergency and recovery service and coverage for a rental vehicle if your vehicle is not on the road. « Since consumer protection data are only valid under the agreement on refused cases if they have not received an offer on the market, these figures are currently a symptom of a dysfunctional market. Insurance is increasingly selective in the profile of customers who want it.
In most cases, you must renew your insurance policy every 12 months. This can usually be done online, in person or over the phone. Note that premiums often change at the time of extension, so it`s worth re-buying and receiving offers from different companies before renewing your policy with the same insurer. The cost of your premium is determined primarily by the level of risk that an insurer considers a driver. In some cases, an insurer may collect an additional fee for a standard premium to reflect the assumed additional risk.