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GVV Direkt

Insurance, Germany, Berlin

Providing innovative direct insurance solutions to protect your assets and mitigate risks, GVV Direkt stands out for its personalized service and comprehensive coverage options.

About GVV 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.gvv-direkt.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 – GVV Direkt

What is an insurance premium?

An insurance premium is the amount you pay to an insurance company for coverage. It can be paid monthly, quarterly, semi-annually, or annually, depending on the terms of your policy. The premium amount is based on factors such as coverage type, policy limits, risk factors, and the insurer's underwriting process.


Can riders be removed from a policy?

Yes, riders can usually be removed upon request, which may lower premium costs. However, removing essential riders could reduce the level of coverage and benefits.


What is the difference between primary and secondary medical travel insurance?

Primary coverage pays medical bills directly, while secondary coverage reimburses expenses after other insurance, such as domestic health plans, are used.


What is term life insurance?

Term life insurance is a type of life insurance policy that provides coverage for a specified period, typically 10, 20, or 30 years. If the policyholder passes away during the term, a death benefit is paid to beneficiaries. It is generally more affordable than permanent life insurance.


What is an insurance rider?

A rider is an optional policy add-on that provides additional coverage or benefits, such as extended coverage for valuable items or critical illness protection.


What is the difference between term and whole life insurance policies?

Term life covers a specific period, while whole life provides lifelong coverage with a savings component known as cash value.


Are insurance premiums tax-deductible?

The tax deductibility of insurance premiums depends on the policy type and jurisdiction. Health insurance premiums may be tax-deductible if they exceed a certain percentage of income. Business insurance and some life insurance policies used for estate planning may also qualify for deductions.


Can product liability insurance cover a recall?

While product liability insurance generally does not cover the cost of a product recall, some policies can include optional recall coverage for certain types of defects or recalls due to safety concerns. This can be an important add-on for businesses involved in mass production.


Comprehensive Market Research

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