Päävakuutta

Päävakuutta is a Finnish term that translates to "main insurance" or "primary insurance." It refers to the foundational insurance policy that covers an individual or entity for a specific risk. This is often contrasted with secondary or supplementary insurance, which provides additional coverage beyond the primary policy.

In practical terms, päävakuutta is the first line of defense against financial loss due to unforeseen events. For example, in the context of health insurance, the päävakuutta would be the main policy that covers a significant portion of medical expenses. If an individual has supplemental health insurance, that would be considered a secondary policy. Similarly, a homeowner's primary insurance policy is their päävakuutta against damage to their property.

The scope and terms of päävakuutta are determined by the insurance contract between the policyholder and the insurer. It typically outlines the types of risks covered, the coverage limits, deductibles, and any exclusions. Understanding the specifics of one's päävakuutta is crucial for ensuring adequate protection and making informed decisions about additional insurance needs. The concept emphasizes the importance of having a core insurance plan in place before considering further coverage.