The Consortium is a business entity of public nature, under the Ministry of Economy and Finance through the Directorate General of Insurance. Has assigned seven major types of functions:

Direct insurance: it is as direct insurer to cover a number of risks that the market does not. The best example is in the compulsory insurance of motor vehicles. The Consortium would be an insurer of last resort for those cases in which the market does not support a risk, a customer. The legislature understood that I could not travel without insurance, but also assumes that you can not force insurers to take risks identified. The same happens in Game Insurance or Mandatory Insurance Travelers.

Within the motor industry, and as a direct insurer may charge to cover himself from civil liability for official vehicles. Eye, you can do, what not to say that the authorities are obliged to contract with it.

We may also fall within the insurers, although formally it is contracted with a private company, the coverage given by the Consortium in certain classes of insurance for damage caused by certain assumptions in nature (floods, earthquakes, cyclones, etc) or derivatives socio-political events (terrorism, military liability and ESF , etc …) and which are not borne by private insurance (I recommend reading the general conditions of your home insurance).

Coinsurance and reinsurance , as well as direct insurer, the Insurance Compensation Consortium work holds coinsurance and reinsurance matters agricultural / forestry and environment , noting specifically in this case the assumptions of a nuclear accident .. Somehow, seeks to strengthen private companies to assume certain risks, which by its nature can be disruptive and difficult to take alone. Thus, the public initiative does not replace but complements the private, coordinates, and so on.

Insurance subsidiary, as we have seen, those that are not supported by the private market, they can hire your policy of compulsory insurance with the Consortium. But also the Consortium is in charge or, alternatively, in the absence of coverage of an insurance company, the amount of damage caused by motor vehicles. There are various assumptions, but the most common is the one who drives a car without insurance (it is clear that the consortium and try to reclaim money paid to it) or damage caused by an unknown author.

Guarantee Fund: In the page of the Consortium includes the specific functions of the Guarantee Fund have just described the insurance subsidiary. I think it is a conceptual error. If we speak of the Guarantee Fund, at least as understood in the remaining markets, we refer exclusively to the coverage of the Consortium in the event of insolvency, competition, etc. Insurance Company, and only against those who have suffered damage covered by the compulsory motor insurance .. And this is important to be clear. Unlike the Savings Banks or insurance companies have no guarantee funds. In the event of bankruptcy of an insurance company there is no kind of behind Rescue Fund, being the only exception I quote.

Liquidating entity, the reference to the business of insurance crisis is used to link me with the last performance of the Consortium. And since 2002 the Consortium has assumed the functions of the CLEA (Liquidation Committee of the Underwriters). The Consortium is responsible for directing, managing, insurers entering contests or liquidation. The legislature understands that insurers, by their nature, require a specific body of business administration in the crisis.

Prevention , in relation to these functions, the consortium entrusted with the implementation of plans to prevent and reduce claims. Cash Management : The Consortium is responsible for administering funds Insurance Export Credit, insurance is managed by CESCE .

In summary, as you can see, the Insurance Compensation Consortium develops a whole bunch of functions whose common denominator is to generate confidence and stability in the system and not left unattended certain interests. The Insurance Compensation Fund does not guarantee work Insurers although in very específiucos co mo so much more and much less.

It is possible that someone will ask who pays for all this, as finances Compensation Consortium. The answer is simple. While the Consortium has generated its own assets increased over time and you get returns, their activities are paid essentially the insured. On one side are the premiums collected by the Consortium when acting as a direct insurer / coinsurance / reasegurador.Por other hand, a number of surcharges on the premiums we pay for the hire car insurance rather well those which by law devolve to the Consortium payment of compensation in the event that we saw in the last section of the direct insurer.

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The President of the Xunta, Emilio Perez Tourino, has announced the launch of the measures prescribed by law in evaluation and compensation of damage, and anticipated to be adopted at the council of the regional government on Thursday next one extraordinary aid emergency decree.

The storm on alert most of Spain. Today the situation remains precarious in the north, where in addition to the gusts of wind are producing precipitation. In addition, thousands of citizens of Catalonia, Galicia and Vizcaya remain without power. Also in San Sebastian, rescue teams have recovered the body of a woman who has fallen into the sea.

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The Consortium covers natural hazards that insurers do not cover
In the case of certain extraordinary risks caused by the very nature of insurance companies may fail to cover these possible events. However, in Spain there is an entity that is responsible for such natural hazards that insurance companies do not include in their policies. It is the Consortium of compensation.

What is covered by the Insurance Compensation Consortium
The Consortium is a public company that aims to include certain coverage that insurance companies do not collect on insurance policies. Within these covers are included several extreme natural hazards and consequences, most commonly, negative for homes and other properties, and sometimes for their own people. These risks extraordinary nature that can cause disasters are:

Floods
Tornadoes and winds exceeding 135 kilometers per hour
Earthquakes
Sea Onslaught
Volcanic eruptions
Tsunamis
Meteorite falls
What is needed to compensate the consortium will
To access the compensation that the Compensation Consortium covers need to have insurance on the property, either a home insurance , car insurance or other policy that covers property damage. In addition, it can also be valid for life insurance or personal accident.

These policies, the insured must have access to compensation, can be any of those issued by different insurance companies on the market.

Losses covered by the Insurance Compensation Consortium
The Consortium performs compensation if losses from natural hazards (such as large floods, earthquakes or strong wind ), either at home or elsewhere, have been one of the following:

Damage, either repair or replacement
Loss of benefits for the days the company is not operational
Additional costs such as demolition and debris removal
Death or incapacity
The Consortium includes coverage outside Spain
And not only cover these losses if the event has happened in Spain, but the Insurance Compensation Consortium also provides compensation to people who have suffered any of these extreme risks if the insured are resident in this country and the event has taken place abroad. While the terms of compensation are the same as those held in the company policy with the insurance .

Thus, some of the disasters that occur in nature, affecting many people and insurance companies do not cover in Spain are covered by the Public Entity is responsible for such natural hazards .

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Industrial accidents are not uncommon. There are many people who meet with accidents. Unsafe working environment, machinery and defective equipment, inadequate safety measures for workers cause accidents. Anyone who has suffered damage due to negligence of the employer may file a claim. The claimant must be able to prove that the injury has resulted due to the negligence of another person or the employer. This will strengthen the case.

Industrial deafness can cause serious injury to ear. As a victim of industrial deafness, you can opt for deafness compensation claims. You can also get advice from experts form a team of lawyers deafness claims.

These claims help a person making a claim for compensation quickly. Industrial deafness hearing loss compensation can help you get adequate compensation for their losses. This type of claim is specifically designed for those who are suffering from hearing loss due to excessive industrial noise.

A lawyer for industrial deafness compensation too much also can help make a claim by a claimant industrial deafness. The lawyers will take over the case and guide to get to obtain quick compensation. They will guide the applicant through the entire process and let him or her know how well the possibilities of obtaining compensation.

Deafness Claims are not uncommon. Any person, who has suffered industrial deafness, can make a claim. It is the legal and civil rights of the applicant to submit a claim for losses incurred due to the negligence of someone. Immediately after the incident, the claimant should contact an attorney industrial deafness claims. They can help obtain compensation claimant quickly.

In addition, it will also calculate your personal injury claim. It is true that hearing impairment is a natural part of aging, and everyone suffers some degree of hearing loss or deafness with age. Hearing loss can also be caused or aggravated by unsafe working conditions, where employers have taken adequate precautions to protect workers against the harmful effects of noisy environments. Deafness claims experts can help people suffering from hearing loss, to obtain quick compensation. The specialists are fully qualified and can guide you through the intervention of lawyers.

Have extensive experience in handling industrial injury claims of all kinds, including occupational diseases and conditions such as deafness, occupational asthma, hand arm vibration syndrome and dermatitis, etc. Many claimants are not sure of the amount of compensation they can receive. The amount of compensation the claimant can receive depends on two main factors responsible or the cause of their loss or how much is your complaint claims specialists many provide compensation for hearing loss. If employers do not provide adequate protection to employees, an employee may file a claim.

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Make a compensation claim can feel like it could be a stressful journey, even before you start. But reality is far from the truth. These are the two simple steps to a successful compensation claim. Issue 1 – Lift the phone to call or complete an online application. Number 2 – Sign and return the documentation sent. That’s it! How long is what you really need? About 20-30 minutes total. So, in fact, accident claims for compensation may be in the pipeline, automate, in 30 minutes. That is how? Draw a line to claim compensation. Fill in the blanks and submit your request or calling a toll free number. Do not be afraid to talk to professionals who are there to help. Tell them directly or fill all the details available on line and you should get a response within 24 hours, sometimes even faster.

Here are some documents will be sent to you to be signed and returned. No, not signing your life. This agreement covers the paperwork done by the personal injury lawyer on their behalf. Do not worry, because his claim for compensation for injuries. The agreement should be based on a 100% recovery of compensation on their behalf. This is mainly for accidents at work, claims for car accidents and slips, trips or falls. If something does not make sense to simply call the personal injury attorney directly and we’ll be happy to help. That’s what they’re there to help, so technically once you sign the papers injury attorney for your needs.

So sign and return the enclosed documents and the rest is automated. The personal injury claim, to automate? Now the personal injury lawyer doing his job. They make the necessary calls, letters, etc. research as it is now your headache, not yours. If they are missing something that is sound or mail. It’s as simple as that. If you have to go to a doctor then this will be arranged on your behalf. If you can not, say so and be reorganized. If there are some expenses incurred to attend a medical examination, keep the receipt and can also be claimed. Now it is their job, so now you wait for your check. Difficult? Did not think so!

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