The car insurance market currently offers a wide range of policies. With a wide range of coverages, increasingly client shows a greater interest in knowing warranties which features, but also of all the damage that is not covered. General analysis on what insurers usually offer is a good way to avoid future surprises in case of having a claim or present a part to the insurance company.
Even though all vehicles driven on roads have to be insured, it is worth to differentiate that it is not the same contract the insurance that an all-risk policy
Insurance basic compulsory insurance policies cover the liability of the driver against third parties, but no personal or material damage which suffer from car and driver when this is guilty of an accident. Yes that would cover the damage from the rest of the occupants, since it is a third-party insurance. However, in the event of damage occurring to property of the spouse or relatives of the driver up to the third degree of consanguinity or affinity, they are not covered.
In addition, in the case of theft of the vehicle and who drive you cause an accident with the same, personal injury and materials produced on the occasion of its circulation will be paid compensation by the Consorcio de Compensación de Seguros, once legally identified the culprit, may require you to assume these damages.
However, compulsory insurance is often complemented by the recruitment of voluntary coverage extending the protection of the vehicle or, even, a policy to any risk which, in addition to damage to third parties, covers also the own car. Each company has its own products, so there is a certain standard. In this sense, each coverage may have its own exclusions, so it is necessary to read the small print of each contract.
Most common exclusions the majority of companies is not responsible for roadside assistance if it is circulated for unsuitable routes, as dirt tracks. Although it is possible to find policies that it do so, which provides its services even if the accident occurred on a road of this type.
Other exclusions usually come from the hand of accessories that do not come standard. The majority of insurance policies reflected that this type of extras should be stated specifically, with its real value, in the policy to be covered. If not done, in case of theft, fire, or accident, the company will not pay them. However, many insurance companies have opted to cover this type of accessories up to a certain amount of money.
For natural disasters, the coverage is borne by the consortium of insurance
Also in case of modifications in the vehicle shall inform the insurer. If it is not approved and the insurance company does not know, in the case of an accident, the company can refuse to pay damages of the car, claiming that it is not the same as that contained in the contract. In the best cases, they will only cover damage as if the extras of the car were series. In fact, many companies do not accept new policies for tuned cars. However, there are specific insurance for these vehicles.
Of course, no policy cover the damage caused by the insured voluntarily, or when an accident has caused and driving under the influence of alcohol, drugs or no driver’s license. Even if there is a clash with a family member, insurers may refuse to pay the costs, since they tend to think that it is a fraud, especially if home is shared. Sometimes, they also suspect claims among neighbors.
In the case of transport more cargo or passengers permitted (for example, six in a five-seater vehicle), will be the policyholder who must answer for damage or any compensation. In the same way, if not full-time paid premiums, the insurance company you can reserve the right not to cover any eventuality or accident to occur.
In addition, no insurer shall indemnify for flood, earthquake, tsunami, volcanic eruption, hurricanes, terrorism, riots, nuclear accident, demonstrations or strikes and facts stated as a national catastrophe. In these cases, compensation will be borne by the consortium of insurance.
These are some of the keys that will know what aspects cover the most common insurance policies and adapt them to our needs in case of contracts with any of the insurance companies operating in the market.
Even though all vehicles driven on roads have to be insured, it is worth to differentiate that it is not the same contract the insurance that an all-risk policy
Insurance basic compulsory insurance policies cover the liability of the driver against third parties, but no personal or material damage which suffer from car and driver when this is guilty of an accident. Yes that would cover the damage from the rest of the occupants, since it is a third-party insurance. However, in the event of damage occurring to property of the spouse or relatives of the driver up to the third degree of consanguinity or affinity, they are not covered.
In addition, in the case of theft of the vehicle and who drive you cause an accident with the same, personal injury and materials produced on the occasion of its circulation will be paid compensation by the Consorcio de Compensación de Seguros, once legally identified the culprit, may require you to assume these damages.
However, compulsory insurance is often complemented by the recruitment of voluntary coverage extending the protection of the vehicle or, even, a policy to any risk which, in addition to damage to third parties, covers also the own car. Each company has its own products, so there is a certain standard. In this sense, each coverage may have its own exclusions, so it is necessary to read the small print of each contract.
Most common exclusions the majority of companies is not responsible for roadside assistance if it is circulated for unsuitable routes, as dirt tracks. Although it is possible to find policies that it do so, which provides its services even if the accident occurred on a road of this type.
Other exclusions usually come from the hand of accessories that do not come standard. The majority of insurance policies reflected that this type of extras should be stated specifically, with its real value, in the policy to be covered. If not done, in case of theft, fire, or accident, the company will not pay them. However, many insurance companies have opted to cover this type of accessories up to a certain amount of money.
For natural disasters, the coverage is borne by the consortium of insurance
Also in case of modifications in the vehicle shall inform the insurer. If it is not approved and the insurance company does not know, in the case of an accident, the company can refuse to pay damages of the car, claiming that it is not the same as that contained in the contract. In the best cases, they will only cover damage as if the extras of the car were series. In fact, many companies do not accept new policies for tuned cars. However, there are specific insurance for these vehicles.
Of course, no policy cover the damage caused by the insured voluntarily, or when an accident has caused and driving under the influence of alcohol, drugs or no driver’s license. Even if there is a clash with a family member, insurers may refuse to pay the costs, since they tend to think that it is a fraud, especially if home is shared. Sometimes, they also suspect claims among neighbors.
In the case of transport more cargo or passengers permitted (for example, six in a five-seater vehicle), will be the policyholder who must answer for damage or any compensation. In the same way, if not full-time paid premiums, the insurance company you can reserve the right not to cover any eventuality or accident to occur.
In addition, no insurer shall indemnify for flood, earthquake, tsunami, volcanic eruption, hurricanes, terrorism, riots, nuclear accident, demonstrations or strikes and facts stated as a national catastrophe. In these cases, compensation will be borne by the consortium of insurance.
These are some of the keys that will know what aspects cover the most common insurance policies and adapt them to our needs in case of contracts with any of the insurance companies operating in the market.
0 comments: