vahinkovakuutusmääritöksineen

Vahinkovakuutus is a Finnish term that refers to insurance against damage or loss. It covers financial consequences arising from specified risks, by transferring the financial burden from the insured to an insurance company in exchange for a premium. The scope can include damage to property, liability for damage caused to others, or personal losses, depending on the policy.

Common lines and examples include kotivakuutus (home insurance), which often covers fire, water damage, theft, and liability; kaskovakuutus (comprehensive car insurance), which protects the insured vehicle and, in some cases, related liabilities; liikennevakuutus (mandatory motor vehicle liability insurance), which covers damages to third parties caused by the vehicle; and travel or professional liability policies, which address personal accidents or professional risks.

Policy features vary by type and insurer. Many vahinkovakuutukset use deductibles, set coverage limits, and specify perils or open peril terms. Some policies include liability coverage for injuries or property damage, while others focus on direct property losses. Exclusions commonly apply to intentional acts, wear and tear, war, and certain high-risk events. Subrogation rights may allow the insurer to pursue compensation from third parties after a payout.

Regulation and market structure in Finland are overseen by the Finanssivalvonta (Finnish Financial Supervisory Authority), with adherence to EU insurance directives such as Solvency II. Motor liability is mandatory, while most other vahinkovakuutukset are voluntary, chosen to balance risk exposure and cost. Claims typically involve reporting loss, assessment, and payout according to the policy terms.