World Articles

The insurance deductible

In its most common meaning, the deductible is an amount of money that remains the responsibility of the insured in case of disaster or when the responsible person is not identified. This allowance is intended to:

The driver-responsibility by sharing the risk,

-Limit "small" claims, which are comparatively more expensive in terms of administrative costs,

-Allow the company to propose lower prices.

Namely: the deductible does not apply to third party victims, who are always fully reimbursed.

Application of the exemptions

Regarding auto insurance, there are also:

-Deductible mileage. It is home to a distance beyond which the automobile assistance benefits do not fire. For example, if the deductible mileage is 50 miles, the tow vehicle crashed 20 km from the residence of the insured will not be supported.

-The deductible on work incapacity or disability: it is the number of days of disability or a disability rate below which the personal guarantee of the driver does not play (eg, 10 days of disability or 5% disability).

Relief may take two forms. The franchise deductible amount is simply called a threshold. In this context, the insurer does not support the claim that if the amount exceeds the amount of the deductible. If he supports it, it's totally and no money is left in charge of the insured. For example, if the contract provides for a deductible of € 300, a loss of € 250 will not be supported, but a loss of € 500 will be fully reimbursed to the insured.

The corresponding absolute frankness about it in the most common case. This amount is borne by the insured in any case. Thus, if the deductible is € 300, a loss of € 700 will be repaid only € 400 to the insured.

Excess amounts

Some franchises are set by ministerial decree and therefore required all insurance companies. This is particularly the case of natural disaster deductible amount of € 380. In contrast, other franchises are freely set by the insurers.

Limit or eliminate the deductibles of an insurance contract is to actually buy them. Therefore, contributions and increase the gap between premium contract with deductible or no deductible up to 30%. The insured can choose its franchises in particular according to their driving habits.

Note: Franchise may be different from a guarantee to another. For example, in the same contract, the franchise glass breakage can be 250 €, but that of flight-fire guarantee of 750 €.

Thus, an insured person who never lends his vehicle can save money on their insurance premiums by choosing a franchise "ready to drive" high. Conversely, parents of a young driver may have an interest in buying the franchise "novice driver" time of his apprenticeship.

ALSO READ:

"Auto Insurance: All about the green card

"The expertise self after a loss

SERVICE:

"Find car insurance that meets your needs with the help of experts CPLUSSUR.COM

The sum is still small, but she will have to grow strongly in coming years. In 2011, e-commerce subsidiary of the SNCF has made 88 million euros in business volume, that is the sum of all transactions in Europe via its website tgv-europe . com.

It is still only a drop of water, compared to 3.2 billion euros in business volume generated by all of Voyages-sncf.com last year. To achieve this, the company sold 60 million tickets in 2011, against 54 million in 2010. The site selling online has passed 30% of all tickets sold by its parent.

Yves Tyrode, the CEO of Voyages-sncf.com, however, appreciate "the dynamism of European sales, which rose 24% between 2010 and 2011." And he expects to win market share in Europe. He especially appreciates the fact that success in Europe "can bring foreigners in France, and increase the number of nights."

In June, applications for the iPhone will be launched in Germany, Spain, Belgium and Switzerland. This is a real driver for growth: last year, 20% of connections on the site in France came from a mobile phone, even if the transaction rate is lower, only 4% easy to get unsecured personal loans.

Investment in a search engine

The success of the destination France also explains the restoration of the branch "travel agency" of society. "After four years of downturn, we stabilized the volume of business of the travel agency at 224 million euros," said Yves Tyrode. The success was important to offer camping (53%) and package deals (15%).

"The role of France as a destination should be confirmed in 2012, said Yves Tyrode yet. This is one factor that allows us to target new growth of our business this year. "

Travel sncf.com do not hesitate to invest elsewhere on this theme. In March, the company took a 45% stake in Hexatourisme, a search engine designed to promote France as a tourist destination worldwide. On this project, the subsidiary of SNCF is alongside the Deposit (which owns 45% stake) and Maison de la France (10%), the public agency for tourism development of France. "We are still in a phase of investment, even if the site is already being tested," said Yves Tyrode.

"Dividend pay" or "exceptional bonus"? At the end of March, employees of the SNCF, will receive a nice bonus, the maximum amount, determined on the basis of seniority in the firm, reach 400 euros. The amount far exceeds that of 76 euros seen last year by the railroad.

Yet it gives rise to a real battle between railway union. On the one hand, the CFDT calls this premium "wage dividend" as a just retribution for "efforts" and it echoes the "record dividend" of € 221 million paid by SNCF to the State under fiscal 2011. "The CFDT and UNSA have successfully negotiated for its amount is reassessed, insists Tosolini Fabian, of the CFDT-railroaders. The rate was revised upwards through discussions with management. While we regret the randomness of its payment, we think this is good news for rail workers. "

The CGT, however, has no words strong enough to evoke what she prefers to call a "gratuity", "wage dividend" is a word "willfully misleading" and "can not exist in a public company," ensures the CGT. Above all, it is "funded by the job cuts, deteriorating living conditions and working railway, the extreme pressure on wages, the brake on career paths and declining social rights".

It is true that the CGT launched a strike notice for the day of 29 February on employment, wages and improved working conditions. The premium of 400 euros fell ill five days before the big day

ALSO READ:

"The station will pay a premium of 400 euros to its railway

After many twists and turns, Greece is on track to reach agreement with its private and public creditors on Monday. After Jean-Claude Juncker, the leader of the euro area, which showed his confidence on the outcome of the meeting scheduled for Monday, it was the turn of the Spokesman of the Greek government to report his optimism.

Pantelis Kapsis estimated that his country has "the green light of the Eurogroup on Monday to continue the proceedings". In fact, the latter confirmed that Athens would have found a way to fill the gap of 325 million euros in the 2012 budget, the last condition set by the Troika (the IMF, the ECB and the European Union) to unlock loan of EUR 130 billion and run the erase operation 100 billion of securities held by private creditors. According to Greek media, these savings would come from additional cuts in special pay schemes public service, drop some special pensions and declining defense budget and pharmaceutical expenditure.

Moreover, the European Central Bank and central banks of euro area countries have initiated the exchange of Greek bonds in their possession against others, to generate capital gains that should ultimately benefit in Athens, according information reported by the German daily Die Welt guaranteed payday loans.

The markets also seem to believe that an agreement will be reached Monday. This morning, the stock markets in Asia are well oriented, driven by good statistics in the United States but also by the hope that agreement will soon be born. U.S. markets ended Thursday's session at their highest level since May 2008.

But Greece could agree to pay this price. The release of the necessary loan of 130 billion euros would indeed be conditioned to a wider public audit of the country. The agreement would include the creation of an escrow account which would contain sufficient funds to repay the debts of the country over the next twelve months. Moreover, Athens would complete a list of "24 priority actions" before the end of the month and before the release of the famous loan of the Troika, says the Financial Times.

ALSO READ:

"The agreement on Greece will not happen today

"Greece:" The injustice is intolerable misery "

The virtues of rental real estate are well known. This is one of the only investments that can make on credit to build wealth. It is also a good way to prepare additional income for retirement. Finally, it is a way to accommodate her children or send them a valuable asset to start in life. However, the life of landlords is not a bed of roses! Some trace their route on this road winding and sometimes treacherous.

This is the case of Vivian B., 57, teacher. This Lyonnaise conducted between 1991 and 2010, three rental investments in his city. "I spaced each acquisition a decade, the time each time to pay off my credit. I always chose the studios in the IVth arrondissement of Lyon, an area popular.The lease payments used to pay me a portion of the loans, but each time I had to add 100 to 150 euros a month, "she says. Handyman, Viviane never hesitates to restore its apartments, it manages solo. Another "trick" by Viviane: the choice of holiday rental. "This formula provides short leases, or a year. Thus, it is easier to separate from a deadbeat tenant. "

1500 euros of additional income per month

For her, the acquisitions will stop, "because this investment is not worth the shot," given the rise in property prices in particular. "Every studio brings me 6%. But if I bought the same day, the yield would fall to 2.5 or 3%. "Soon to retire, Viviane Heritage is satisfied that it has formed. "My pension should be around 1.300euros month.

Time is now against Silvio Berlusconi. He must prove to the faster it puts its promises into action.

The head of the Italian Government is committed to the adoption by Parliament before Nov. 15 its plan to revive growth, the first stage at least. The measures were approved Wednesday by the Cabinet. Among the main liberalization of regulated professions and local public services, commitment to gradually raise the retirement age to 67, administrative simplification, auction of 15 billion euros in property assets of the state in three years.

This plan is in addition to 54 billion budget savings passed in September to restore public finances to balance by 2013, when the deficit reached 3.9% this year.

The first event will be played next week in the Senate.

Jean Lesieur, head of the drafting of the news channel France 24, sent his resignation by e-mail to Alain de Pouzilhac, CEO of Audiovisual outside France (AEF).

To explain, the leader does not hesitate to copy the entire wording of the news channel continuously, reflecting his refusal to make budgetary decisions required by management and which for him would be only " maneuvers that prevent me perverse to maintain the cohesion of writing and reward they deserve all those who make France 24 what it is payday loan. "

This new twist extends the open crisis in the news channel continuous with the departure of Christine Ockrent, six months ago.

ALSO READ:

"AEF: Alain de Pouzilhac made his choice

"THE BUZZ – Jean Lesieur wants" calm and reassuring "(September 2010)

Tomorrow is the big day Monday for "Total Access". The new brand of the oil company, which will provide service stations with low prices, will make his first steps at Rocquencourt near Paris Gennevilliers and in the Hauts-de-Seine. The two prototypes will offer, according to the Journal du Dimanche, prices aligned with retail, or about 1 cheapest personal loan rates.46 euro a liter of unleaded and 1.38 euro per liter of diesel.

An artist's view of future gas stations cheap Total Access. (CD Total)

The news is reassuring. With a large majority, the Bundestag adopted the new rescue plan the Eurozone. If the vote was little doubt that the amplitude of the majority was still uncertain.

Exactly 523 of 620 deputies voted "for", said the chairman of the meeting Norbert Lammert. Germany is the eleventh country to approve the expansion of the envelope and the powers of the European emergency fund created in 2010 to assist countries in the euro area in need. This will be the largest contributor.

The new rescue plan foresees an expansion of European powers of the fire in the euro area, the Financial Stability Fund (EFSF), and increased its capacity from 440 to 780 euros milliarsd.

After two sessions of gains, the Paris Stock Exchange is divided into negative territory on Friday. At the close, the CAC 40 lost no less than 3.60%, and returned to below 3000 points to 2974.59 points. All index values ​​have completed the session in the red. In its wake, London and Frankfurt show respective losses of 2.36% and 4.13%. Milan, meanwhile, lost no less than 4.93%.

Once again, the banking sector has suffered the wrath of investors. He has stepped up its losses when that Jürgen Stark, member of the Executive Board of the ECB, announced his resignation for "personal reasons" according to the statement of the ECB.The chief economist of the institution has repeatedly expressed his opposition in recent weeks to buyback of government bonds led the ECB to ease the most fragile countries in the euro area.

In addition, the statements of Christine Lagarde, under which a liquidity crisis was not to dismiss as some banks needed additional capital, also weighed on the trend. "This is the effect Lagarde. These statements primarily affect banks that are considered the least well placed in terms of capital ratios, "said one trader.

Result: Société Générale, signing by far the largest decline of the day, tumbling from 10.58% to 17.44 euros.Behind her, Crédit Agricole loose 7.77% to 5.40% euro Natixis 7.60% to 2.40 euros, BNP Paribas 7.54% to 29.80 euros and Axa 7.59% to 9.39 euros .

The opening of the G7 finance ministers and central bank governors of leading industrialized countries, on Friday afternoon in Marseille to find answers to the crisis, will not have enough to reassure the markets.

Obama's plan is not reassuring

Investors also received without enthusiasm details of the plan unveiled by the Employment Barack Obama in the night. U.S. President presented a draft law on the release of 447 billion for the Americans out of unemployment."This plan will give an electric shock to an economy that has stalled, will give confidence to businesses on the fact that if they invest and hire, there will be customers for their products and services," assured the U.S. president to members of Congress .

Clearly, the operators seem to doubt the implementation of this plan. Its funding is already generating questions from Republican opponents could block a vote. Barack Obama urged them to adopt "immediately". The U.S. president also announced that it will issue on September 19 "a deficit reduction plan more ambitious."

Similarly, investors have also not appreciated the remarks of the President of the Federal Reserve on growth and employment on Thursday night.The Fed "will do everything it can to participate in the return of growth and employment rates," said its chairman Ben Bernanke, minimizing inflation fears. This speech, however, feeds the assumption of a new effort of quantitative easing, which could be announced at the next meeting of the Monetary Policy Committee of the Fed, scheduled for September 20 and 21.

Inflation slows in China

Also on the macroeconomic front, Japan has this morning reported a decline of 2.1% of GDP in the second quarter 2011 annualized. This is more than the 1.3% decline initially estimated. The main factor weighing on GDP has been the decline in exports (-4.9% from January to March).

In China, rising consumer prices, the main barometer of inflation, which had accelerated in recent months, slowed slightly to 6.2% in August.Industrial production is she up 13.5% in August.

In France, industrial production rebounded 1.5% in July after a decline of similar magnitude in June, show statistics released Friday by INSEE. The budget deficit of the French government fell in late July to 86.6 billion euros, against 93.1 billion euros a year earlier, thanks to lower costs, said Friday the Department of Budget .

United States, wholesale inventories reached a record high in July, rising 0.8% to 462.4 billion dollars, an unprecedented amount, in accordance with market expectations.

As for currencies, the euro Friday pressed below the $ 1.37 for the first time since late February, weighed down by concerns about increasing the economic health of the euro area and the global economic recovery.At the close, the European currency fell to 1.348 dollar (-1.70%), its lowest level since Feb. 23. For its part, the oil appears also down, despite a surprise drop in U.S. inventories. A barrel of "light sweet crude" for October delivery trading at 86.65 dollars, down 2.70%.

Values ​​to follow

• TF1 (-7.20% to 9.54 euros), M6 (-6.51% to 13.29 euros) Bolloré (3.37% to 161 euros), Vivendi (-0.25% at 16 , 05 euros); NextRadioTV (-0.39% to 10.10 euros)

Chains react in a disorganized to take control of Direct 8 Direct and Star, two DTT channels free of the Bolloré Group, Canal +. The subsidiary of Vivendi will have three DTT frequencies. Be as much as TF1 and M6 more than the group which, in addition to the namesake chain, has only W9.For this operation, fully financed by shares, a stake Bolloré group Vivendi.

• Total (-2.47% to 32.83 euros)

The Anglo-Dutch oil group Shell said Friday that oil was discovered off the coast of French Guiana, during exploratory drilling at about 150 km off the coast.

• Sopra (0.69% to 45 euros)

The group announced the takeover of Delta, specialized in banking software.The transaction is expected to close in early October 2011, will be financed from existing credit lines of business consulting, IT services and software.

• Pierre & Vacances (-4.71% to 37.19 euros)

The group, which operates much of the accommodation ski resorts, opened 369 new tourist residences furnished this winter.

• ArcelorMittal (-7.49% to 13.02 euros)

The group will close as of October 3 for an indefinite period and the second blast furnace at its site in Florange (Moselle), according to a union source quoted by AFP.

• EADS (-1.34% to 21.35 euros)

The group said on Thursday not want to use all of its $ 16 billion (11.45 billion euros) in cash for acquisitions.