Progressive insurance

Progressive insurance

Whether at work or at leisure. The risk of an accident accompanies us constantly. While the risk of accidents can be kept low in the workplace and at school thanks to intensive precautions, most accidents occur in the spare time. But are can be recreational activities not covered by the statutory accident insurance and therefore any claims from it asserted. Someone suffers a leisure accident and has no additional insurance coverage, loss of employment and accident-related financial expenses can lead to a financial bottleneck with serious consequences.

Particularly in the case of a disability is partial or total loss of income can be expected? A more earning is possible, but not guaranteed only after time-consuming and expensive retraining. Even in the event of an accident at work with permanent disability, the performance of the State accident insurance is not sufficient to compensate for the cost of living in the usual way. A private accident insurance, which ties in seamlessly with the statutory accident insurance, is an appropriate measure to prevent financial losses of accident-related disability. Private accident insurance is offered in different variants. The linear model, the percentage of performance from the contractually agreed repayment corresponds to the degree of invalidity.

On the progressive casualty insurance, however, it behaves differently. Initially, there is again a linear progression, equal to that of the linear Variant. From a certain degree of invalidity, however, which is set by most insurance companies at a value around 26 percent, it comes to the change from the linear to the progressive increase in. The percentage of performance from the contractually agreed repayment rises disproportionately with increasing degree of invalidity.

The extent, to which the progression is to grow, can be individually agreed on case by case basis in the Treaty. Be, for example, in the case of a full disability a value of 500 per cent agreed, so the five-time insurance is paid out in the event of full disability policyholders. Upon completion of progressive casualty insurance, it is worth to draw on the experience of the insurance industry. About 80 percent of all accidents result in a degree of disability of up to 25 percent. With a 100% loss of earning capacity is only rarely the case, a full disability, so it can never rule out with certainty.