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Bensch Versicherungen

Insurance, Germany, Berlin

Providing comprehensive insurance solutions for individuals and businesses, with a focus on personalized service and financial security.

About Bensch Versicherungen

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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.bensch-versicherungen.de
Location Address Official Phone Email
Germany Germany, Berlin **** ****
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
Facebook https://facebook.com/**** Get In Touch With Decision Makers
Instagram https://instagram.com/**** Get In Touch With Decision Makers
X (Twitter) https://x.com/**** Get In Touch With Decision Makers
YouTube https://youtube.com/**** Get In Touch With Decision Makers

FAQs – Bensch Versicherungen

How do consumer protection laws handle life insurance policy misrepresentation?

If an insurer misrepresents the terms or conditions of a life insurance policy, consumer protection laws may provide the policyholder with the right to cancel the policy or pursue legal action for damages due to the misrepresentation.


What is Lloyd’s of London, and why is it significant in insurance history?

Lloyd’s of London is a historic insurance marketplace founded in 1688. It pioneered modern insurance by providing coverage for maritime trade and later expanded to diverse risks.


What are common exclusions in health insurance?

Common health insurance exclusions include pre-existing conditions, cosmetic procedures, alternative treatments (like acupuncture), fertility treatments, self-inflicted injuries, and injuries resulting from participation in hazardous activities. Additionally, some policies may exclude experimental treatments or non-prescription drugs.


Does business property insurance cover cyber attacks or data breaches?

No, standard property insurance does not cover cyber threats. Businesses concerned about data breaches should consider cyber liability insurance for protection against hacking, data theft, and business interruptions.


Can a policyholder nominate multiple beneficiaries for the sum assured?

Yes, a policyholder can allocate the sum assured among multiple beneficiaries, specifying the percentage each will receive upon the insured’s death.


What is a premium in insurance?

A premium is the amount a policyholder pays to an insurer for coverage. It can be paid monthly, quarterly, or annually. The premium amount depends on risk factors such as age, health, occupation, and coverage limits. A higher risk usually leads to higher premiums.


What is a rate class, and how does it affect premium costs?

Rate classes categorize applicants based on health and lifestyle risks. Preferred and standard classes receive lower premiums, while substandard classifications face higher costs due to increased risk.


How do insurers use co-payments to reduce moral hazard?

Co-payments require policyholders to share costs, discouraging unnecessary claims and ensuring individuals have a financial stake in their coverage.


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