What is the Admiral class?

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Carlos Laforet Coll
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What is the Admiral class?

What is the Admiral class?

This is a formula that insures only for accidents, wrongly, caused by drivers aged 28 or over or "All Drivers" which, on the other hand, at a different cost, provides coverage for all drivers .

What does inner class mean?

The internal class is only a tariff parameter adopted and customized by each insurance company to determine the cost of the Motor TPL policy. ... In this way the internal (or contractual) class is calculated on the basis of the universal class present in the risk certificate.

What does guaranteed bonus mean?

For those interested, there is also the so-called doubly protected bonus (or guaranteed bonus), which serves to keep the internal merit class unchanged if up to two accidents with fault are caused during the observation period (the malus therefore starts from the third claim. with fault).

What does class CU 1 mean?

The universal assignment class (CU), through the bonus-malus system, indicates the position that the policyholder acquires in a class ranging from a value between 1 and 18, where the value 1 indicates the best, up to 18 which indicates the lowest level of assignment.

What does internal merit class mean?

The internal (or contractual) merit class is the rate that each company applies to a certain universal class (CU) to calculate the premium.

How does the malus bonus work?

HOW THE BONUS-MALUS MECHANISM WORKS The bonus-malus system provides a fairly simple operation: the first class has a lower insurance premium, while the eighteenth class has a higher amount.

What is the universal assignment class?

The class of merit or universal class of merit (CU) is a parameter that contributes to establishing the insured's claims, with a scale of values ​​corresponding to different cost levels of motor liability policies.

What does CIP cu class mean?

The indication of the CIP class, in the new "universal conversion" (CU) class function, has therefore proved to be an indispensable tool for protecting users who, thanks to this, can move freely on the market without losing their history. insurance.

What does universal merit class mean?

The class of merit or universal class of merit (CU) is a parameter that contributes to establishing the insured's claims, with a scale of values ​​corresponding to different cost levels of motor liability policies.
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