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Information for clients

Information to be provided before concluding an insurance contract

(Insurance and Reinsurance Distribution Law (APIL) Article 34).

SIA "Perks", insurance broker (intermediary). Reg., No. 40203343134; Legal address: Dārzciema iela 60, Riga, LV-1073.

Phone: +371 26668558; E-mail: info@perks.lv

SIA "Perks" provides recommendations on insurance products for sale.

"Perks" SIA, in accordance with Articles 46 and 47 of the law, examines complaints and disputes between the insurance intermediary and the client, in accordance with the Procedure for Handling Complaints:

SIA "Perks" is included in the register of insurance intermediaries of the Bank of Latvia, you can verify this on the website of the Bank of Latvia: https://uzraudziba.bank.lv/tirgus-dalibnieki/apdrosinasanas-starpnieki/apdrosinasanas-brokeri/juridiska-persona/sabiedriba-ar- limited-liability-perks/

SIA "Perks" deals with the distribution of insurance on behalf and in the interests of the client;

SIA "Perks" does not have a directly or indirectly acquired participation in an insurance merchant or a foreign insurer (which has established a branch of a foreign insurer in the Republic of Latvia and whose insurance services are distributed by an insurance intermediary) that covers 10 percent or more of the number of voting shares of the parent company of the insurance merchant or branch of the foreign insurer or share capital;

No insurance merchant, its parent company or a foreign insurer that has established a branch of a foreign insurer in the Republic of Latvia has a directly or indirectly acquired participation in SIA "Perks" that covers 10 percent or more of the number of voting shares or share capital of the insurance intermediary;

SIA "Perks" provides recommendations based on a comprehensive analysis of offers.

SIA "Perks" has no contractual obligation to engage in insurance distribution only in the interests of one or more certain insurance merchants or branches of foreign insurers.

The type of remuneration of SIA "Perks" for the insurance contract is determined as a percentage of the collected insurance premium. SIA "Perks" receives compensation for the distribution of insurance, which is included in the insurance premium.

Deductible
It is the part of the loss expressed in monetary units or as a percentage of the amount of the loss, which the policyholder undertakes to cover himself when the insured event occurs. Deductible is the policyholder's participation in covering the loss. The amount of deductible affects the amount of payment for insurance - the higher the deductible, the lower the insurance premium.

Super insurance
This is the case if the insured amount for the insured object exceeds its restoration or actual value, as it was immediately before the occurrence of the insured event. If the insurance amount for the same insured risk exceeds the value of the insured object (overinsurance), the Client and the insurer have the right to request a reduction until this amount does not exceed the value of the insured object. If the insured event has occurred before the reduction of the insured amount in case of overinsurance, the insurer will pay the insurance compensation to the Client in the amount that it would have to be paid if the insured amount was equal to the value of the insured object.

Underinsurance
This is the case if the insurance amount for the insured object is less than the restoration or actual value of the insured object, as it was immediately before the occurrence of the insured event. In this case, the insurer pays the insurance compensation in the proportion between the insurance amount and the object's value.

Principles of personal data processing:
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