car insurance

WHAT IS CAR INSURANCE?

Car insurance is one of the best known among us due to its legal obligation and the branches that most insurers suffer. However, what is its purpose?


The owner of a vehicle is responsible for paying the damages that they may cause to third parties. Whether in other cars, goods, or people.  Car insurance is mandatory to protect the interests of these third parties, with the insurer assuming, instead of the owner, the risk of paying any injured parties.


The lack of Auto Insurance for your vehicle, be it a car, motorcycle, or trailer, has serious consequences. For example:


  • The seizure of the vehicle itself; 
  • The payment of a fine ranging from 500 € to 1,500 €;  
  • The registration of a serious offense; and 
  • The owner may be required to pay the full compensation due to the injured party in the event of an accident.


BUT WHAT KIND OF CAR INSURANCE DO WE HAVE?

There are several types of car insurance, with more or less coverage. You can hire from the simple mandatory insurance by Law, commonly known as "insurance against third parties," up to "insurance against all risks."


The Law only requires that your car insurance has mandatory liability coverage to guarantee payments to any injured parties in the event of an accident. However, it is possible to hire additional capital for this liability coverage, giving the owner and third parties superior protection.


DESPITE THE LAW ONLY REQUIRING CONTRACTING THE CIVIL LIABILITY COVERAGE BY THE MINIMUM CAPITAL THE OWNER should CONTRACT AT LEAST THE FOLLOWING COVERAGES:

  • Travel Assistance: covers typically, in the event of breakdown or accident, towing the vehicle, transporting people and goods, and providing another car until the end of the journey.


  • Vehicle Occupant Protection: that includes both the driver and other passengers. This coverage, which may involve the payment of compensation for death, disability, and treatment expenses, aims to protect the occupants and their families from any costs or loss of income.


  • Isolated Glass Break guarantees up to the contracted capital the repair or replacement of the vehicle's windows and windshields.


own damage insurance

In addition to the compulsory insurance, you can also opt to contract the Own Damage Insurance. Covering the damage suffered by the insured vehicle, even in situations where the driver is fully responsible for the accident. Among the coverages that can be contracted, the following stand out:


  • Shock, collision, and rollover;
  • Fire;
  • Lightning and explosion;
  • Theft; and
  • Acts of vandalism.


HIRE AUTOMOBILE INSURANCE WITH OR WITHOUT insurance deductible?

Own damage insurance, also known as "insurance against all," can be with or without a deductible. The existence of a deductible, be it a percentage on the vehicle value, or fixed, affects the insurance price.


The deductible corresponds to the amount borne by the policyholder, in the event of an accident, with part of the damage being responsible.


Finally, it is essential to note that insurance coverage against all risks may differ from insurer to insurer. Some insurances include more coverage, others that need to be added, and others that are excluded.


talk to us

For more information and clarification, contact us comfortably, without leaving your home, from the office by phone, or by email. We will be happy to help you.

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