What is multiligne insurance ?
Multiligne insurance is a type of insurance that combines several risks and covers them within the framework of a single contract.
It is distinguished from group insurance, which consists for an insured person in meeting several insurance needs from a single supplier. It may, for example, be a package bringing together home insurance and car insurance. However, they are not covered by one and the same contract: these are two separate policies, subscribed to the same insurer.
Multiligne insurance, on the other hand, is a unique offer to cover a multitude of risks.
How does the complete coverage of multiligne insurance work ?
There are multiligne insurance policies for individuals and businesses.
In the first case, the policies concerned are numerous, ranging from car insurance to home insurance, including individual accident insurance. Whether it is to cover the damage caused to housing by a fire or water damage, or to repair the material or bodily damage that a vehicle has caused, these essential insurances can be combined within a multiligne contract.
Professionals, on the other hand, have the possibility of taking out insurance policies covering their civil liability, their professional goods, operating losses, professional premises, but also more specific risks, inherent in the size and sector of activity of the company. Diploma, legal protection, environmental risks, fraud insurance, cyber risks, etc. Many options make it possible to establish a tailor -made offer.
Thus, instead of creating a diverse portfolio containing several independent insurance policies, A customer can use a single contract to cover all the risks to which it is exposed. With this multiligne approach, all the policies are grouped in a global premium, which facilitates their management and their payment. However, each risk within the contract has guarantee limits and specific deductibles.
This approach can also be adopted within the framework of a multiligne loan (or as a draft loan), in which several credits of different durations are used to finance the same real estate project. Indeed, each loan composing the leg loan must be covered by borrower insurance. The borrower can therefore take out multiligne insurance covering his various credits, with the key an advantageous rate.
What are the advantages of multiligne insurance ?
The subscription of multiligne insurance is particularly advantageous for individuals and professionals wishing to cover different categories of risk, without multiplying contracts and interlocutors.
Savings for the insured
For a person or a company exposed to multiple risks, a multiligne insurance contract is above all a source of savings. Indeed, A single contract often costs much less than the subscription of important guarantees on several insurance lineslike civil liability, damage, cyber risks, etc.
With the multiligne approach, the insured pays for a global capacity common at different risks, which can be used during the year in the event of a disaster. A wise choice, because the probability that claims occur at the same time on several insurance lines is very low.
Multiligne insurance can also reduce costs related to franchises. To illustrate this, let us take the example of an individual with home insurance and car insurance with two different insurance companies. If two claims occur at the same time on the two insurance lines, then the insured will have to pay two different franchises with his two insurers.
In the case of multiligne insurance, however, it is possible to have only one franchise to pay for all the fonts. The insured must therefore pay a single amount including his home and his vehicle, which results in a significant economy.
Better risk coverage
If the cost is an important element of multi -regional insurance policies, you should not lose sight of your main objective: offer the insured the best possible coverage, when he needs it. In the event of a claim, the latter must be able to benefit from insurance adapted to his situation, taking charge of his specific risks.
Exactly, The multiligne approach allows insurance companies to better understand the needs of each customer. Exposure to risk is very variable depending on individuals and companies: by building a single and tailor -made contract, the insurer obtains better visibility on claims likely to affect the insured. This results in global and particularly solid coverage, personalized using different options.
Simplified management of the insurance contract
Multiligne insurance makes life easier for the insured on a daily basisand in particular the management of his contract. Indeed, he no longer has to deal with several independent fonts (sometimes subscribed to different companies) and to pay multiple bonuses.
Better still, He is no longer obliged to submit compensation requests to several interlocutors. Indeed, when several insurers are involved in a disaster, the management process can be considerably slowed down, because companies must clearly determine what types of damage are covered by their respective fonts.
Opture for a multi -regional insurance contract is therefore a significant time saving for the insured.
In short: the advantages of multiligne insurance for the insured
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But also profits for insurance companies
Multiligne insurance also has undeniable advantages for insurers.
Indeed, by bringing together several policies in a unique contract with an attractive rate, insurance companies have the opportunity to get their faces in a very competitive market, while lastingly retaining their customers.
The multiligne also allows Reduce exposure to risksthanks to a better distribution of these. In the event of a claim, the financial burden is therefore minimized.
Finally, the management and invoicing of the various insurance policies are much easier, since they are gathered in a single contract.
Keys to choose the best multiligne insurance
Many factors must be taken into account to choose multiligne insurance. And for good reason, insurance is a real safety net in the event of an unexpected event.
For the insured, it is therefore essential to choose A suitable offer, providing tailor -made protection at the right priceincluding only the guarantees he really needs. The proposed fonts must be combed, because they must meet his expectations and his situation precisely.
The reputation and financial stability of the insurance company are also essential choice criteria. Indeed, the insured must turn to a trusted company, offering solid guarantees in terms of coverage and reimbursement.
Customer service quality is another essential element for the insured, who are looking for an insurer listening to their needs in order to offer them an adequate offer, but also an interlocutor available and responsive in the event of a hard blow. The speed of processing complaints and compensation requests, in particular, must be taken into account.
Finally, the subscription of several policies as part of multiligne insurance can provide the insured of advantageous prices. Any reductions granted by the insurer must therefore be taken into account to make the right choice.
Insurance software: a precious ally for the management of multiligne contracts
For insurers, The use of insurance software is a real asset for the deployment and administration of multiligne contracts. Indeed, this tool makes it possible to manage the entire life cycle of insurance policies, from the design of offers to their distribution on different channels, including the management of claims, reinsurance, management of financial flows or the relationship with the insured.
The Ciriselsa solution, for example, allows insurance companies to create offers with ease, by attributing them pricing and specific guarantees. The subscriber only has to select the offers of his choice, which are thus distributed in a few clicks.
Subscription side, Font management is simplified throughout their life cycle : Management of quotes, endorsements, receipt, samples. The specific recovery rules by network or by country are also taken into account.
Finally, The declaration of claims has never been so fluid for the insuredwhile their internal management is optimized. Branch evaluation operations, third -party management, as well as payment, closing, appeal and expertise operations, become much easier.
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Multiligne insurance is not lacking in advantages, since it allows insureders to make significant savings, to simplify their insurance contract and to benefit from complete coverage against a wide variety of risks. But it is also an undeniable advantage for insurance companies, which can exploit it to stand out from competition and optimize daily contract management.
