Insurance glossary
To understand the French vocabulary for your Insurance select one of the category:
This Glossary will help to undersand translate the French terminology you will get in the letter sent by the insurance company here in Switzerland
Contact us to get a free expertise
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Family insurance Explanation
Private third-party insurance:
Every school, and Land lord requires this insurance.
Private third-party insurance protects an insured person against any claims that might be made against him through legal measures in the matter of third-party liability. The insured person is covered as a private person, head of a household, dog owner, tenant of a flat, soldier, sportsman and so on. Excluded are damages caused by the insured person as the driver or user of a motor vehicle or in the context of some occupational activity.
Household inventory insurance:
Household inventory insurance forms part of the insurance of objects. It covers household claims resulting from fire, water damage, theft or glass breakage.
Household objects consist of all movable goods for private use in a household but which form neither part of the fabric of the building nor its interior fittings or fixtures. A household inventory includes furniture, clothes, guest’ personal effects, sports equipment, etc.
If an insurance policy is issued using the value as new principle then, in the event of a claim, cover would be based on current market prices. Household inventory insurance is usually based on the value as new principle so that if objects are added to it, the insured amount needs to be modified.
With some types of insurance, the insured amount is linked to changes in certain indexes and is automatically increased from time to time, like the household:
The third-party, is only with todays value, the coverage deducted the depression of the years.
The insurance of valuables fits into the insurance of objects category. It covers damage caused to jewellery, furs, paintings, musical instruments and other personal objects of value as a result of theft, fire and water. In addition to ordinary risks, damaging, destruction, disappearance and loss are also usually covered.
Insurance of buildings covers damages caused to the building and to construction materials by fire, water and glass breakage. Fixed interior fittings such as wall cupboards, ovens, cookers, baths, window blinds, and so on are also covered by this insurance. The insurance of buildings for damages caused by fire is mandatory in most cantons.
The cover and premuims vary from canton to canton. The insurance normally covers damage caused by fire, lightning and explosions as well as natural damage.
With travel assistance insurance as part of your travel gear you are ideally prepared for your vacation. If anything happens before or during your vacation you are well protected with a travel assistance policy. Put together your own Assistance insurance plan to suit your needs at home and away:
- Breakdown recovery assistance (free service in Generali car insurance)
- Cancellation costs insurance
- Travel insurance
- Home Assistance Service (free service in Generali Household insurance)
- Travel legal insurance
Underinsurance occurs if the sum insured is lower than the value of the insured object at the time of the damage (replacement value). The insurer can reduce the benefits provided in the event of partial damage in accordance with the proportional rule (relationship of the sum insured to the replacement value). For total insurance
Some insurance companies make insured persons bear part of the damages resulting from an insured event, either in the form of a percentage or of a fixed sum. Excesses avoid insurance companies from being inundated with minor claims. Cost participation is a synonym for excess.
Read the general condition of your vehicle insurance or contact us for more informations.
Indirect Amortization
Method used to amortize a mortgage. Instead of direct amortization by means of direct periodical payments, a savings/risk insurance contract is created with a view to repaying the mortgage in a single payment on maturity of the contract, that is to say when the capital sum due at term is paid. From the tax point of view, the advantages and disadvantages of this method are debatable.
When you are client of Expat assistance you can get as well get some special offer with our partners.
Contact us to get a free expertise
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Car insurance Explanation
To be insure with a particular vehicle you need an insurance certificate (or proof of insurance) this one guarantees that this particular vehicle possesses third-party insurance as required by law. The insurer draws up the insurance certificate.
This compulsory insurance covers the third-party liability of the owner, user, or driver of a motor vehicle for personal injury and materiel damages. The reason for the mandatory nature of this insurance is in order to protect an injured party who only has a guarantee if the user who assumes civil liability is solvent.
Partially comprehensive insurance:
Distinction is made between partially comprehensive and fully-comprehensive insurance. Motor-vehicle partially comprehensive insurance covers damages caused to the policyholder’s vehicle following an insured event. In partially comprehensive insurance the following causes of damage are covered – fire, lightning, explosion, short-circuit, natural event, theft, glass-breakage and damage caused by animals. In addition to these,
Fully comprehensive insurance:
Motor-vehicle fully comprehensive insurance covers damages included in the partially comprehensive and also covers collision damages caused to the policyholder’s vehicle following an insured event. Fully comprehensive insurance can also covers parking damages, under some conditions.
Contact us to get a free expertise
Gross negligence is committed when a person breaks an elementary rule of caution which, under the same circumstances, would have been imposed on any reasonable person. If damages are caused as a result of gross negligence, insurance cover may be reduced.
If coverage is agreed for gross negligence, the insurance company shall waive its right of recovery due to it from you or the insured parties under Article 65 paragraph 3 of the Swiss Road Traffic on grounds of having caused the insured event through gross negligence as defined in Article 14 paragraphs 2 and 3 of the Swiss Federal Law on Insurance Contracts, with the exception of cases in which the driver caused the accident while under the influence of alcohol of drugs or due to misuse of medication, and cases where the accident was caused with intent or with indirect intent.
Read the general condition of your vehicle insurance or contact us for more informations.
It is a Passengers’ Personal Accident Insurance and Accident Insurance of Helpers at Accidents and breakdown. Read the general condition of your vehicle insurance or contact us for more informations.
No claims bonus systems are best-known in third party motor vehicle insurance and fully comprehensive motor vehicle insurance. Such a system can result in reduced premiums since, if no claim is made on a policy, a bonus (discount) is granted to the policyholder. A bonus system comes into effect after one year of accident-free operation.
If coverage is agreed for a Bonus protection, the insurance company shall waive its right of changing the bonus. Each insurance companies can have there own system.
Read the general condition of your vehicle insurance or contact us for more informations.
Contact us to get a free expertise
Loss or damage caused while parked
This shall be understood to mean damage to the vehicle declared in the policy whilst it is parked, caused by unknown motor vehicles or bicycles. In the event of loss or damage caused while parked, the insurance company shall only be obliged to pay indemnity provided you have arranged for a charge to be brought against the person or persons unknown and have provided a statement to the police.
Read the general condition of your vehicle insurance or contact us for more informations.
Some insurance companies make insured persons bear part of the damages resulting from an insured event, either in the form of a percentage or of a fixed sum. Excesses avoid insurance companies from being inundated with minor claims. Cost participation is a synonym for excess.
Read the general condition of your vehicle insurance or contact us for more informations.
With travel assistance insurance as part of your travel gear you are ideally prepared for your vacation. If anything happens before or during your vacation you are well protected with a travel assistance policy. Put together your own Assistance insurance plan to suit your needs at home and away:
- Breakdown recovery assistance (free service included in Generali car insurance)
- Cancellation costs insurance
- Travel insurance
- Home Assistance Service (free service included in Generali Household insurance)
- Travel legal insurance
Contact us to get a free expertise
| French | English |
|
|
|
|
|
Car insurance Explanation
To be insure with a particular vehicle you need an insurance certificate (or proof of insurance) this one guarantees that this particular vehicle possesses third-party insurance as required by law. The insurer draws up the insurance certificate.
This compulsory insurance covers the third-party liability of the owner, user, or driver of a motor vehicle for personal injury and materiel damages. The reason for the mandatory nature of this insurance is in order to protect an injured party who only has a guarantee if the user who assumes civil liability is solvent.
Partially comprehensive insurance:
Distinction is made between partially comprehensive and fully-comprehensive insurance. Motor-vehicle partially comprehensive insurance covers damages caused to the policyholder’s vehicle following an insured event. In partially comprehensive insurance the following causes of damage are covered – fire, lightning, explosion, short-circuit, natural event, theft, glass-breakage and damage caused by animals. In addition to these,
Fully comprehensive insurance:
Motor-vehicle fully comprehensive insurance covers damages included in the partially comprehensive and also covers collision damages caused to the policyholder’s vehicle following an insured event. Fully comprehensive insurance can also covers parking damages, under some conditions.
Contact us to get a free expertise
Gross negligence is committed when a person breaks an elementary rule of caution which, under the same circumstances, would have been imposed on any reasonable person. If damages are caused as a result of gross negligence, insurance cover may be reduced.
If coverage is agreed for gross negligence, the insurance company shall waive its right of recovery due to it from you or the insured parties under Article 65 paragraph 3 of the Swiss Road Traffic on grounds of having caused the insured event through gross negligence as defined in Article 14 paragraphs 2 and 3 of the Swiss Federal Law on Insurance Contracts, with the exception of cases in which the driver caused the accident while under the influence of alcohol of drugs or due to misuse of medication, and cases where the accident was caused with intent or with indirect intent.
Read the general condition of your vehicle insurance or contact us for more informations.
It is a Passengers’ Personal Accident Insurance and Accident Insurance of Helpers at Accidents and breakdown. Read the general condition of your vehicle insurance or contact us for more informations.
No claims bonus systems are best-known in third party motor vehicle insurance and fully comprehensive motor vehicle insurance. Such a system can result in reduced premiums since, if no claim is made on a policy, a bonus (discount) is granted to the policyholder. A bonus system comes into effect after one year of accident-free operation.
If coverage is agreed for a Bonus protection, the insurance company shall waive its right of changing the bonus. Each insurance companies can have there own system.
Read the general condition of your vehicle insurance or contact us for more informations.
Contact us to get a free expertise
Loss or damage caused while parked
This shall be understood to mean damage to the vehicle declared in the policy whilst it is parked, caused by unknown motor vehicles or bicycles. In the event of loss or damage caused while parked, the insurance company shall only be obliged to pay indemnity provided you have arranged for a charge to be brought against the person or persons unknown and have provided a statement to the police.
Read the general condition of your vehicle insurance or contact us for more informations.
Some insurance companies make insured persons bear part of the damages resulting from an insured event, either in the form of a percentage or of a fixed sum. Excesses avoid insurance companies from being inundated with minor claims. Cost participation is a synonym for excess.
Read the general condition of your vehicle insurance or contact us for more informations.
With travel assistance insurance as part of your travel gear you are ideally prepared for your vacation. If anything happens before or during your vacation you are well protected with a travel assistance policy. Put together your own Assistance insurance plan to suit your needs at home and away:
- Breakdown recovery assistance (free service included in Generali car insurance)
- Cancellation costs insurance
- Travel insurance
- Home Assistance Service (free service included in Generali Household insurance)
- Travel legal insurance
Contact us to get a free expertise
Underinsurance:
Underinsurance occurs if the sum insured is lower than the value of the insured object at the time of the damage (replacement value). The insurer can reduce the benefits provided in the event of partial damage in accordance with the proportional rule (relationship of the sum insured to the replacement value). For total losses, benefits are limited to the sum insured. The proportional rule may be set aside if so agreed (first risk cover).
Some insurance companies make insured persons bear part of the damages resulting from an insured event, either in the form of a percentage or of a fixed sum. Excesses avoid insurance companies from being inundated with minor claims. Cost participation is a synonym for excess.
Read the general condition of your vehicle insurance or contact us for more informations.
