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What is the Policyholder
The policyholder is the person or company that owns the insurance policy. This means that physical or a legal entity has signed an insurance contract and are responsible for paying premiums and others fulfillment of conditions in the case of claimed compensation. Continue reading..
Can EHIC replace travel insurance
Generally speaking, EHIC ensures that you will receive the necessary health care, but travel insurance for these services will be paid for. That is why EHIC and travel insurance complement each other so well and do not replace each other in any way... Continue reading..
How to get compensation for a damaged car
All kinds of situations can happen in life, and you, who are a master of road traffic skills, can also have a car damaged. You see your damaged vehicle and think who will pay for it? To answer this question first you should understand: Who was to blame? Is the culprit a third party who is still at the scene?.. Continue reading..
Rental car insurance aborad
Car rental companies offer different insurance services, but the additional fees can reach just as much a large amount as the rental fee for the vehicle itself, if you choose the type of coverage that will be applied deductible after causing damage to the rental vehicle. Continue reading..
Car security systems
Although security systems cannot completely deter thieves from illegally obtaining your car, they certainly can bother and attract the attention of others who can help stop this crime. Continue reading..
How to pick the best travel insurance
In what situation did the insurance policy help you? Did you miss your flight because you didn't hear the alarm? Maybe you damaged the rental car? Or maybe your suitcase didn't arrive destination? These are just some of the classic insurance cases that can happen while traveling. There is good news Continue reading..
Latvian insurance market overview 2023 Q1
Insurance market data in Latvia in the first quarter of 2023 show diverse market dynamics, whose assets made by various life and non-life insurers. Continue reading..
How much does Travel insurance cost
How much do you think travel insurance costs? Or going on a simple leisure trip, where you will lazily sunbathe at swimming pool, the price of the policy will be identical to that of going down the Alps with a board or skis? Is there the difference in the policy price if the duration of the sports activity is shorter than the overall trip itself? Why add to the policy at all sports insurance coverage? Continue reading..
Named risks or All risks - What would you choose?
What would YOU choose? Just burgers, or a set with fries and a drink? Unfortunately, for the burger we will not continue the conversation, but it is quite similar with the choice of insurance. Have you heard this terminology before? - Named risks coverage and All risks coverage? Continue reading..
Insurance in Case of Natural Disasters
Have you thought about the effects of natural disasters and weather on your property? Today we will talk about unusual circumstances, and how insurance can protect you from unforeseen expenses. Continue reading..
What Is An Insurance Broker
Simply put, a broker is an intermediary between you as a customer and the insurer - service provider. The broker's duties are: Introduce you to insurance services Continue reading..
What is Civil Liability Insurance
This is a classic procedure for third party damages and can be recalled by any of us, so today's article will be about Liability Insurance individuals. Continue reading..
10 Reasons To Insure Your Property
Did you know that an annual home insurance policy would cost an average of two people dinner at a restaurant? Yes, on average 60 EUR, just as modest investment for your place and security of property for one year. Continue reading..
Life or Health Insurance?
You've probably heard of these types of insurance many times over, but what do they really mean and how do they work? Continue reading..
What is VTUA in Latvia
You may have heard or read such an abbreviation when getting your car's MTPL policy, but what does it really mean? The full name of VTUA is State Technical Surveillance Agency, such as, but not limited to, the regulatory body that monitors the state of the art and the general state of the market for all agricultural and agricultural machinery used. Continue reading..
Which Is The Best Travel Insurance
Even the most experienced traveler can experience some unexpected precedents during a trip - missed flight, lost suitcase, Covid-19 illness, damaged rental car or in the end canceled flight for which you had already paid money. Today we will help you to be a little clearer on what insurance companies offer Continue reading..
Travel Insurance or EHIC
A traveler should have both travel insurance and an EHIC card, as they both complement each other and performs various functions. It's not mandatory of course, but highly recommended to have both, because if during the trip something happens to your health, you will receive both medical assistance and financial support Continue reading..
5 Reasons to buy travel insurance
Canceled or delayed flight, damaged luggage, Covid positive test, injury during sports or any other problem during the trip where you need help. Continue reading..
How MTPL premiums are calculated
The MTPL price is influenced by the type of vehicle and the purpose of its use, driver's experience, registration address, compensation history, Bonus Malus class and other factors influencing the premium. Continue reading..
How to check your MTPL policy
If for some reason you have not received the printout or e-mail or cannot find it, then at any time you can view the current information about your car's MTPL policy on the LTAB website. Continue reading..
What is LTAB
LTAB is an association that supervises all insurance companies that are entitled to trade in MTPL, as well as to ensure the protection of the interests of third parties in a traffic accident. Continue reading..
Types of car insurance
All motor vehicles have compulsory insurance if you want to use them for road traffic. However, there is also a voluntary form of insurance. How to understand the difference and how to choose the right one? Continue reading..
What's Bonus Malus
Bonus Malus is an insurers tool designed to more accurately calculate the risk class and insurance costs of vehicle users. This calculation takes into account for how long you have been insuring your car and whether there have been (and how many) road traffic accidents for which the insurer has paid indemnity in your driving history. Continue reading..
What is Roadside Asistance
The 24/7 roadside assistance service is a qualified specialist, an expert at the scene (24/7) or a telephone consultation (24/7) to fix your vehicle if something has happened and you cannot continue driving. Continue reading..
What is EHIC
The EHIC, or European Health Insurance Card, confirms its holder's right to receive appropriate healthcare while in the Member States of the European Union. Continue reading..
Why should you buy CASCO insurance
CASCO is a voluntary type of insurance, ie you can buy it or not at your free choice. Have you ever wondered why your car would need CASCO? "Nobody will steal it!", "I have 15 years of driving experience and nothing has ever happened to me!", "Country roads? - But I live in the city, no animal is crossing the road here!?" Continue reading..
In which cases may the CASCO indemnity be refused
There are cases when the owners of CASCO policies are not acquainted with the terms of the CASCO policy and the insurer is forced to reduce or refuse the indemnity payment altogether! Continue reading..
What is a deductible
Deductible is your financial (EUR) liability in the event of an insured event. When purchasing one of the insurance policies, everyone has a certain deductible, or in other words - your share of the indemnity. Continue reading..
What's insured with CASCO
CASCO insurance can be purchased by any vehicle owner or holder who wants to protect himself from unforeseen expenses, ie if your car has been damaged, regardless of who was to blame for the collision and whether the culprit is known at all. Continue reading..
Common insurance terms
Types of insurance terms and explanations. Everything you need to know when talking, hearing or reading about insurance. Continue reading..
What's MTPL insurance
MTPL is a compulsory third party liability insurance for land vehicle owners. It is mandatory for all modes of transport participating in road traffic in Latvia. Continue reading..
What's CASCO insurance
CASCO is a type of voluntary insurance with which the vehicle specified in the policy is insured with its standard and additional equipment. Damage to the vehicle, including theft, total destruction, as well as damage caused to your car by yourself is insured. Continue reading..
What's Travel insurance
Travel insurance provides the necessary support, advice and covers expenses incurred as a result of a sudden illness or accident (such as medical expenses or transportation). Continue reading..