What is temporary insurance?

Temporary insurance is a very specific type of insurance that covers both vehicles (car, motorcycle) and health or home. There is also a temporary death insurance contract, which must be differentiated from traditional life insurance. Discover what these time-limited insurances are and what pitfalls to avoid.

What is the purpose of temporary insurance?

As its name suggests, it is the insurance that covers a specified period of time. For example, car insurance can be purchased for a determined period of time. It can cover between one and ninety days, with the possibility of renewal.

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Insurers offer this type of coverage to meet the occasional needs of their policyholders. Temporary insurance has the particularity of being renewable. By opting for this type of fixed-term contract, you do not waste money unnecessarily.

Temporary car insurance is particularly suitable when the vehicle needs to be exported or immobilized. Occasional drivers can also take out this type of insurance.

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Conditions for taking out temporary car insurance

For this very specific type of coverage, insurers are more stringent. Certain conditions must be met. These include being over 21 years old and having more than two years of driving experience. You will also need to provide a copy of your driver’s license and registration document, as well as your latest information statement. Otherwise, you will be able to provide a sworn statement along with your background.

Regarding temporary motorcycle insurance, it can only be valid for models between 126 cc and 750 cc.

Temporary car insurance rates

To determine the amount of your temporary car insurance, the insurer is based on different criteria. They take into account the power of the car, its brand, and the use the insured makes of it. The driver’s profile is also important. The insurer will pay attention to the accumulated bonus and penalty. Temporary car insurance rates also depend on the region in which the vehicle will travel. The subscription period also varies the price. Temporary car insurance costs more than regular coverage. It must be taken out in the absence of the latter.

Before taking out a temporary car insurance contract, compare the different offers on the market! To make it easier for you, use comparison tools. Easy to use and without obligation, they allow you to establish and compare different quotes.

As with conventional car insurance, additional guarantees can be added (theft, fire, glass breakage…). Breakdown assistance is also one of the options offered.

Temporary health insurance

Temporary medical coverage is effective when traveling abroad or in the event of expatriation. Without insurance, you will not be covered in certain countries in case of illness or hospitalization. And medical expenses can be very high.

When you take out temporary health insurance, pay attention to the amount of reimbursements. Part of the coverage is based on the reimbursement ceilings of social security.

Temporary home insurance

Short-term home insurance adapts to a few specific situations. It can be reasonable in the case of renting for a determined period (vacation, internship…). For homeowners, it is important to insure their property in case of theft or damage, but also in case of water or fire damage.

Temporary death insurance

The purpose of this pension insurance is to guarantee the capital to the beneficiaries of the contract. Temporary death insurance also covers cases of disability.

As its name suggests, temporary death insurance only covers a limited period. Generally, coverage is valid for one year, with the possibility of renewal. Insurers offer five-year death contracts. The contract lasts five years and is renewable.

Each contract has its own guarantees. Several options are available. The guarantees can cover job loss or loan repayment. There is also an education pension for the support of children’s education.

If no incident occurs during the contract period, the insurance premiums are non-recoverable. It is said that the contract has lost funds.

As with all other insurance contracts, there are many exclusions. Suicides or deaths resulting from the practice of extreme sports are not covered. Known illnesses prior to the conclusion of the contract are not compensated.