The premium for that in the jargon of industry known as 50-50-100, insurance (pay up to $ 50 million in damages, $ 50 million for injury or death to a person and $ 100 million for injury or death to more than two people) it costs $ 365,000 a year, regardless of the market value of the insured vehicle.
There seem. On the one hand it is the only policy that is in the market for such vehicles. On the other hand, we must account for that amount in additional services offered by the insurance, such as coverage for assistance (crane, ambulance or car workshops), that old cars can be a real blessing on the road.
It also explains Antoin Alvarez, payment of claims, unlike other policies, there is no deductible. If you steal a car, you pay the full insured value, without deductions.
If a new car, plan a 50-50-100, market policies with premiums close to 2.4% of the market value of the vehicle is achieved. A $ 15 million would pay $ 360,000. If 100-100-200 ensure with limits, the policy would cost about 3.3%, so a $ 15 million pay $ 495,000.
The value of the vehicle
The value of the vehicle is not needed to realize the value of the premium, but to provide for the payment of the claim.
As the journals do not publish prices for cars above 93, the insurer takes the data from the tax return with the municipalities. Now, after valuations approached the commercial value and the depreciated vehicles, these numbers far better approach commercial car prices, says Alvarez.
It is possible that this is a solution to make safer to walk the streets and roads in a country where 30% of the 4 million vehicles are insured with any different from the compulsory insurance policy.
There seem. On the one hand it is the only policy that is in the market for such vehicles. On the other hand, we must account for that amount in additional services offered by the insurance, such as coverage for assistance (crane, ambulance or car workshops), that old cars can be a real blessing on the road.
It also explains Antoin Alvarez, payment of claims, unlike other policies, there is no deductible. If you steal a car, you pay the full insured value, without deductions.
If a new car, plan a 50-50-100, market policies with premiums close to 2.4% of the market value of the vehicle is achieved. A $ 15 million would pay $ 360,000. If 100-100-200 ensure with limits, the policy would cost about 3.3%, so a $ 15 million pay $ 495,000.
The value of the vehicle
The value of the vehicle is not needed to realize the value of the premium, but to provide for the payment of the claim.
As the journals do not publish prices for cars above 93, the insurer takes the data from the tax return with the municipalities. Now, after valuations approached the commercial value and the depreciated vehicles, these numbers far better approach commercial car prices, says Alvarez.
It is possible that this is a solution to make safer to walk the streets and roads in a country where 30% of the 4 million vehicles are insured with any different from the compulsory insurance policy.
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