{"id":20196,"date":"2022-01-31T14:55:54","date_gmt":"2022-01-31T14:55:54","guid":{"rendered":"https:\/\/arr.pt\/?page_id=20196"},"modified":"2022-02-02T18:42:01","modified_gmt":"2022-02-02T18:42:01","slug":"insurance","status":"publish","type":"page","link":"https:\/\/arr.pt\/en\/insurance\/","title":{"rendered":"Insurance in Portugal"},"content":{"rendered":"
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Insurance in Portugal<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Insurance plays an important role in the Portuguese economy and in the lives of the Portuguese, and it is given much more attention (and family budget) than in post-Soviet countries. In general, insurance is divided into compulsory and voluntary.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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What insurance does the law require?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Medical insurance<\/h3><\/div>
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A healthcare service operates in Portugal\u00a0National Health Service<\/em>\u00a0All residents can access certain services funded by social security payments: ambulance services, polyclinic appointments, maternity coverage, etc.<\/p>

Non-residents need to purchase private medical insurance in order to get access to treatment. Residents who have state health insurance also take out additional private insurance. This allows them to cover costs not covered by state funding, avoid waiting weeks for a doctor's appointment, and gain access to a wider range of medical services.<\/p>

Quotient healthcare in Portugal<\/a> represented by international (Liberty, Allianz, Zurich) and local (Tranquilidade, Fidelidade, Lusitania) companies.<\/p>

The cost of the policy varies significantly depending on the level of cover. At the same time, most insurers are unable to provide an exact quote until you complete a health questionnaire.<\/p>

An insurance agent who acts in the name and on behalf of the insurance company will help you understand the nuances of the policies (and make significant savings by choosing the optimal policy). The price of the policy from them will be the same as in the provider's office (they receive commission from the provider, not by marking up the policy).<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Car insurance<\/h3>

In Portugal, there are car insurance options similar to other European countries. By law, you must insure all roadworthy vehicles for at least third-party liability.\u00a0In Portugal, the vehicle is insured, not the driver.\u00a0<\/strong>This means that anyone with a driving licence can legally drive the insured car.<\/p>

Motor third-party liability insurance (compulsory third-party motor insurance<\/em>\u00a0covers costs associated with both property damage and personal injury to third parties in the event of an accident. This is the cheapest type of vehicle insurance. However, it does not cover costs associated with you or your own car.<\/p>

You can choose an additional one car insurance<\/a>.It includes damage caused by fire, flooding and natural disasters, as well as theft protection.<\/p>

Another type of vehicle insurance is comprehensive (comprehensive car insurance.\u00a0<\/em>It covers all expenses of all parties. Some such policies in Portugal have exclusions, so you need to carefully study the conditions of the proposed plan.<\/p>

Comprehensive insurance policies have an excess, which represents the amount you will have to pay towards a claim. The smaller the excess, the higher your monthly or annual premium. However, in the event of an accident, you will pay less.<\/p>

The cost of car insurance in Portugal depends on a number of factors, including the value of the vehicle, the type of insurance, and the driver's profile and history. Below is the calculation for 3 car insurance plans from Fidelidade for a 10-year-old Mazda2: the cost depending on coverage will be \u20ac244-309.<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Home insurance<\/h3>

If you are arranging mortgage<\/a>\u00a0In Portugal, home insurance is compulsory. Landlords are also required to take out a minimum level of property insurance.<\/p>

There are two types of home insurance in Portugal:<\/p>