Advisory approach to investments

Advisory approach to investments

AT YOUR KBC INSURANCE AGENT (savings-linked and investment-type insurance products)

Introduction

In this information document, we offer you an overview of how the advice provided on savings-linked and investment-type insurance products by your KBC Insurance agent meets the insurance distribution directive, what that means to you as a customer, and precisely what you can expect from your KBC Insurance agent and when.

We also explain how your KBC Insurance agent integrates sustainability risks and adverse impacts on sustainability factors in their advice on guaranteed-interest life insurance (class 21) products (savings insurance and second pillar pension savings products) as well as unit-linked life insurance (class 23) products.

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New eye-catchers on the streets

New eye-catchers on the streets

Electric bikes, hoverboards, segways, and similar devices are fun but require insurance if used on public roads. Classified as motor vehicles, they fall under mandatory motor insurance laws (WAM-law), requiring a green card with details like the chassis number and policy info.

Key transportation types:
• Segways/hoverboards/electric scooters (max 18 km/h): Mandatory motor insurance required.
• Electric trolleys (max 18 km/h): Also require motor insurance and a green card.
Electric bikes:
• Pedal-assisted up to 25 km/h are like regular bikes; covered under family policies.
• Pedal-assisted 25-45 km/h are mopeds (Class B), needing insurance and registration.
• Motor-driven without pedaling are mopeds (Class A or B, depending on speed).
• Mono wheels (max 18 km/h): Their legal status on roads is unclear, but damages may be covered under family policies.

Non-road motor devices:
Slow vehicles like toys (<8 km/h) and garden equipment aren’t insured under motor policies but may be covered under family policies for off-road damage.

How to avoid storm damage

How to avoid storm damage

Storms and violent gusts of wind can cause a lot of damage. Plan ahead!

Count the number of seconds between the lightning bolt and the sound of the thunder to know how far the storm is and how much time you have. Three seconds equals about one kilometre.

    • Bring in garden furniture, bins, garden tools and ornaments or tie them down.
    • Roll up your sunshade and remove your parasol.
    • If you are in the woods, take cover under a group of trees, never under a single tree.
    • The car is the safest place to take cover.
    • Never stand near an open window.
    • Unplug all electrical devices to avoid lightning destroying them.
    • Unplug the radio and television as well.
    • Put your car in the garage or park it in the carport.

Avoid hail damage :

    • Park your car in a garage or under a roof.
    • If your car must stay outdoors, cover it with a thick blanket.
    • Protect light wells with a thick blanket or an old carpet.
    • Leave the shutter of your swimming pool open rather than closing it.
    • Do not drive during a storm or hailstorm.
    • Find a safe, covered place and wait for the storm to pass.
    If you cannot take cover anywhere, stop at a safe place and wait for the storm or hailstorm to pass.