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Admiral Direkt

Insurance, Germany, Berlin

Admiral Direkt offers comprehensive insurance solutions with a focus on customer service and innovation, ensuring peace of mind for all your insurance needs.

About Admiral Direkt

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Germany
Official Website
http://www.admiraldirekt.de
Location Address Official Phone Email
Germany Germany, Berlin **** ****
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
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Instagram https://instagram.com/**** Get In Touch With Decision Makers
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FAQs – Admiral Direkt

Are pre-existing conditions always excluded in health insurance?

Pre-existing conditions are typically excluded for a waiting period, after which they may be covered. Some insurers offer policies that include pre-existing conditions from the start, but they usually come with higher premiums.


Is workers' compensation insurance mandatory for all businesses?

Most states require businesses with employees to carry workers' compensation insurance, but requirements vary depending on the number of employees and the type of industry.


How much term life insurance coverage do I need?

The amount of coverage you need depends on factors like your income, debts, future financial obligations, and family needs. A common rule of thumb is to have coverage that is 10 to 15 times your annual income. However, a financial advisor can help determine the best amount for your situation.


How can I prove insurable interest when purchasing insurance?

Proof of insurable interest depends on the insurance type. Life insurance may require proof of relationship, financial dependence, or legal obligation. Property insurance requires proof of ownership or lease agreements, while business policies may need financial records.


How do insurers handle catastrophic event claims?

Insurers use disaster modeling, emergency response teams, rapid claim settlements, and reinsurance agreements to manage large-scale catastrophic event claims.


What are the main types of insurance contracts?

The main types of insurance contracts include life insurance, health insurance, property insurance, casualty insurance, and liability insurance. Life insurance provides financial support to beneficiaries upon the insured’s death. Health insurance covers medical expenses. Property insurance covers damage to physical property. Casualty insurance provides protection against accidents and injuries, while liability insurance protects against legal liabilities due to negligence or other wrongful acts.


What industries have the highest need for public liability insurance?

Construction, retail, hospitality, event planning, healthcare, and personal services (e.g., hairdressers, fitness trainers) have higher risks and should strongly consider public liability coverage.


How are universal life insurance policies taxed?

Death benefits are generally tax-free, while cash value withdrawals and loans may be taxable if they exceed the amount paid in premiums.


Comprehensive Market Research

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