24h Assistance
JORI
Contact
Glossary
The contract

Premium surcharges and taxes

Amounts added to the net premium by legal mandate: the insurance premium tax and surcharges in favour of the Consorcio de Compensación de Seguros.

In practice

They explain a large part of the difference between what the market quotes and what is paid. When comparing offers, it is advisable to look at the net premium; when budgeting, the total, because the extraordinary risk surcharge increases with the insured capital.

Related terms

PremiumPrice of the insurance, calculated on the risk assumed and increased with legal surcharges and taxes.Insurance Compensation ConsortiumPublic entity that covers extraordinary risks, acts as a guarantee fund for automobiles and liquidates insurance entities.Insurance Premium TaxTax levied on the premium in the country where the risk is located, with different rates and taxpayers in each jurisdiction.AccidentEvent of violent, sudden, external cause beyond the insured's will that causes bodily or material damage.Direct action of the injured partyRight of the person who has suffered damage to claim compensation directly from the insurer of the responsible party, without going through them.Aggravation of riskChange in declared circumstances that increases the probability or intensity of the claim. The policyholder must communicate it as soon as possible.
PreviousReinsuranceNextClaim rejection

Would you like to tell us about your case?

Let's talk