PAFIN foreigners- financial and insurance consultancy

22/08/2022

A beautiful example of how money can strengthen our life goals and support us in what fulfils us... and that we can be rewarded for the very things we love to do.🎥🔄🪙

19/08/2022

What should you look out for in the purchase contract when buying a used car?🚗

1. Always conclude the purchase contract in writing 📄 with a clearly specified date of signature, so that it is clear who is responsible for any violations, damage caused by the vehicle and who is to be fined for non-payment of liability insurance.✍

2. The contract should not contain unambiguous identification data regarding the contracting parties (be careful when purchasing a car from/or selling to spouses with joint assets).👰🤵‍♂️

3. Agree with the seller that the vehicle contract should include an explicit statement that it has not been stolen and that it is not associated with the rights or claims of third parties, such as liens or unpaid leases.🥷

4. Take care when handing over the car documentation (vehicle licence and registration certificate) and verify the information stated therein.🔍

5. Visit http://www.bezpojisteni.cz/ to check whether the company operating in the Czech Republic has compulsory insurance.🚗

6. Insist on detailed identifying information such as:

• factory mark

• vehicle type or model

• year of manufacture

• vehicle identification number (VIN)

• colour - must correspond to the data in the technical certificate

• information on the validity of technical inspections e.g. MOT

• mileage (not speedometer status)

• detailed description of the vehicle’s defects

17/08/2022

4 examples when insurance company do not send you insurance payment, although your car isinsured.🚗📑

27/07/2022

You might heard of the life concept of “YOLO” –You only live once, and this concept was interpreted in many ways by each of us. Many young peoples nowadays focus on the side of enjoying the present moment, and lack of life long planning. As we are experiencing now, living a higher quality of life in larger cities are becoming more and more challenging for younger generation.
An obvious example is, buying our flat/house isn’t such a small piece of cake any more. As a 25-35 year old, have you started to plan to have a family, and a place for them?
Do you want to know where to start? I would say, the very first step is to overview and plan your financial status.
Where should you look at? Simply from the balance of income-outcome, look at your Income, Daily expenses, Tax, Insurance and Investments, etc. Usually you can optimise one or most of these aspects to improve your financial situation.
What next? Is to analyse your need (location, area, budget), study the market and proceed with the help of professionals.
Do you want to know how a 30-year-old couple bought their first (and then very soon second) property in Brno, after five years of working?
Stay tuned for the up-coming story sharing

19/07/2022

Newly we can help you with foreign currency exchange💪

For people living abroad, knowing where to exchange your foreign currency is an ongoing problem, and an essential survival skill. Brno Daily spoke to Tomáš Ryšánek from Pafin Foreigners about their new service for exchanging EUR, USD and other world currencies. Photo credit: SM / Brno DailyBD: P

15/07/2022

Do you know the validity of your public health insurance abroad?👩🏼‍⚕️🤒

If you have a green health insurance card (given to foreigners working in the Czech Republic), it is not valid abroad at all.🟩

If you have a blue health insurance card, it is valid within the EU, but in very limited ways.🟦

Medical care is covered abroad under the blue card to a very limited extent - according to what is standard in the given EU country and often only in state medical facilities, which are often not found in tourist locations at all.❌🥾

And unlike the Czech Republic, additional payments for treatment, hospitalisation, etc. are common in many countries...🏥

In addition, public insurance never covers the medical transport/repatriation of the patient back to the Czech Republic, as well as, for example, deployment of the mountain rescue services or mandatory quarantine abroad e.g. due to covid.⛰️🚁

That is why you should definitely not travel abroad without good quality travel insurance.

As part of this travel insurance, you can additionally insure yourself against, for example, car breakdown assistance costs, flight cancellation/baggage delay insurance, theft, etc. 🛫🧳

13/07/2022

Mandatory third-party liability insurance only applies on normal public roads!🚗

So, if you drive your car on a dirt road or into a company's yard and someone crashes into you there (in addition, if the yard is registered in the cadastre as a handling area), the culprit will not be reimbursed by their insurance company.❌💸

The only exception is the place - the area directly behind a security barrier - into which the owner allows motor vehicles entering from the normal road, which is then considered a public road.🚧✅

06/07/2022

Did you know that each of us is responsible for the damage we cause to someone else?🤕

Whether you flood the flat next door, your dog bites a neighbour or a child knocks over the latest model television in a store, paying compensation is down to you.🌊🐕️📺️

And if we're talking about knocking a high-earning IT manager off their bike or skis and making them incapacitated for work, it could be really expensive.⛷️👨‍💻 But there is a relatively cheap solution - civil liability insurance.

As standard, it covers all families living in the same household.🏠️

And then you can sleep soundly.🛌

04/07/2022

🙂If you need advice on the management of your finances and their evaluation, contact us - advice is free!📳

Just send us a private message that you are interested in a consultation and we will arrange a mutually convenient date and all the other details.📨

As the saying goes - the worst thing that can happen is that things carry on as they were before.

Alternatively, we will work together to create an action plan for how your money can start creating extra wealth and working for you.💸

29/06/2022

PLUS or EXCLUSIVE?

Today we’ll look at the basic differences between the PLUS and EXCLUSIVE health insurance policies from VZP.❤‍🩹

PLUS has a total care coverage limit of CZK 2,000,000 and a sublimit for medicines and dental treatment of CZK 5,000.💊 EXCLUSIVE has a care coverage limit of CZK 2,500,000 (which can be increased) and there are no sublimits for medicines or dental treatment.🦷

But most importantly:

PLUS does not cover pre-existing conditions (illnesses and health problems a customer has before getting the insurance, including so-called “hidden” pre-existing conditions).❌😷

EXCLUSIVE covers these so-called “hidden” pre-existing conditions (the customer may be ill but not yet know the condition, which may be established later on in the medical examination process, e.g. by blood test results) at standard premium rates.💉🩸

EXCLUSIVE can also cover existing diagnoses of patients. Here the price is always individually tailored and depends on the specific condition or conditions.✔🤢

27/06/2022