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Althaus Versicherungsmakler

Insurance, Germany, Bavaria, Munich

Expert insurance brokering and financial planning services to protect your future.

About Althaus Versicherungsmakler

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Basics

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Founded
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Total Employees
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Main Office
Germany, Bavaria, Munich
Official Website
http://www.althaus-versicherungsmakler.de
Location Address Official Phone Email
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FAQs – Althaus Versicherungsmakler

What is treaty reinsurance?

Treaty reinsurance is a contract between a ceding insurer and a reinsurer where the reinsurer agrees to cover a specific portfolio of risks over a set period. Unlike facultative reinsurance, it does not require individual risk underwriting, making it efficient for insurers.


Is personal liability coverage included in homeowners insurance?

Yes, most homeowners insurance policies include personal liability coverage. This covers legal and medical costs if someone is injured on your property or if you or your family members cause damage to someone else's property. It may also cover legal fees if you are sued. Liability coverage is an important aspect of protecting your assets and financial wellbeing in case of accidents.


What happens if premiums are not paid on time?

If premiums are missed, the policy enters a grace period, and if unpaid, it lapses, terminating coverage unless reinstated within a specified timeframe.


What types of businesses commonly require E&S coverage?

Common businesses needing E&S coverage include general contractors, nightclubs, entertainment venues, special event organizers, medical marijuana dispensaries, coastal property owners, and high-value homeowners. These industries face elevated risks or regulatory complexities.


What is predictive analytics in insurance?

Predictive analytics uses historical data, AI, and statistical models to forecast claims probability, customer behavior, and future risks, improving decision-making for insurers.


What is the difference between subrogation and indemnification?

Subrogation allows an insurer to recover costs from a third party, while indemnification ensures a party is compensated for losses without necessarily shifting liability. Subrogation involves legal action, whereas indemnification is often contractual.


Is emergency evacuation covered for non-medical reasons?

Some policies include non-medical evacuations for political unrest, natural disasters, or security threats. This coverage helps travelers leave dangerous areas quickly and safely if an emergency situation arises.


How does treaty reinsurance affect regulatory compliance?

Regulatory bodies require insurers to maintain sufficient reinsurance arrangements to ensure financial stability and compliance with capital adequacy requirements.


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