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A product recently introduced in Spain but with a long history in many countries of the European Union, including the United Kingdom, where it currently generates more than 1.5 million pounds sterling in premiums.<\/p>\n
It is mainly available for vehicle policies (cars and motorcycles) where there is an excess.<\/p>\n
ASEGUROMIFRANQUICIA<\/strong> is a deductible protection policy that does not eliminate it, but rather covers it if it is applied by the main policy. Once the auto policy has responded and the customer has paid the deductible, the amount will be refunded. There is a waiting period of 30 days from the date of entry into force of the AseguroMiFranquicia policy (in the case of a renewal, this waiting period does not apply).<\/p>\n Example: <\/em><\/p>\n A customer with a deductible of \u20ac500 has an accident with damages worth \u20ac1000. His auto policy will pay \u20ac500 and the excess protection policy, AseguroMiFranquicia, will compensate him for the \u20ac500 he had to pay as an excess.<\/em><\/p>\n If the cost of the repair is less than \u20ac500, the main insurer will not compensate, as the deductible has not been exceeded. Therefore, since no deductible has been applied, AseguroMiFranquicia will be available for a future claim that does exceed \u20ac500.<\/em><\/p>\n<\/blockquote>\n The main insurer does not need to be informed that the client has acquired the protection of the franchise, AseguroMiFranquicia. The excess protection policy is an independent policy that complements any car, motorcycle or motorhome policy in which there is an excess.<\/p>\n BENEFITS FOR THE CUSTOMER<\/strong><\/p>\n <\/p>\n\n
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