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:
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.
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:
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.
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.