Based on the high rate of accidents that occur each year, it is imperative that anyone who drives a car, be it your car or your friend’s car, have a car insurance policy, even if you have the fewest policies. insurance available.
The insurance covers the policy holder and in most cases covers other people who use the car or driver. However, if the vehicle suffers an accident that is not in the interest of the insured, or contravenes the agreement between the insured and the insurance company, the insurance policy will not cover the damages derived from this accident.
In cases where the insured vehicle is sold to someone else, the new owner is covered by liability insurance and also by a comprehensive automobile insurance policy (if any) for a period of 3 weeks after the change of owner. When there is a new active insurance policy, the new owner of the vehicle will pay the entire insurance deductible.
Auto insurance does not cover damage to vehicles owned by the business for sale purposes.
Depending on the auto insurance policy agreement between you and your insurance company, it may not be necessary to inform them when the terms of the policy agreement change. The result of refusing to notify the insurance may be loss of compensation, compensation in the event of an accident or a reduction in compensation and compensation, or interruptions in payment in the case of compensation and compensation.
So, to avoid the consequences mentioned above, whenever there is a change in the policy information, notify your insurance company immediately.
You can buy the same car insurance from two different insurance companies without ending the initial insurance with the first company, but when an accident occurs, the agreement will apply to your car insurance policy, and this may mean that both companies pay the half the cost. of every accident.
Another important thing to keep in mind regarding auto insurance is agreement-based deductions on your auto insurance policy. Withholding amounts are deducted only once in insurance event cases involving third party liability and damages under comprehensive auto insurance.
No deductible amount will be applied in cases such as:
1. Damage due to a known fault
2. Damage by fire, explosion, lightning or theft
3. Damage caused by falling objects on the vehicle.
Also, there will be an additional deduction if there is damage to the driving of the car by a person other than the policy holder, or any registered user of the three cars under the car insurance policy.
There are some accidents that your auto insurance policy may not cover. Under liability insurance, your interior auto insurance policy does not cover;
1. The driver was injured
2. Damages resulting from the transport of goods by land under contractual contracts
3. Damage to suspended vehicle
4. Damages occurred at the time of renting the car, unless it can be shown that the damage was the result of an event, which is in accordance with the car insurance policy.
5. Damages to the driver, insured or any person mentioned in the automobile insurance policy as a normal user.
Comprehensive car insurance does not cover the following accidents:
1. Damage caused by weather conditions
2. Damage to auto parts during repair, unless damage occurred while driving or by fire is proven.
3. Damage to the electrical and mechanical parts of the vehicle, unless the damage can be proven in accordance with the vehicle’s insurance policy.
4. Damages resulting from reckless driving, such as overheating or failure to change oil.
5. Damages incurred during the car rental
6. Damages caused by poisoning the driver
7. Damages intentionally caused by negligence of the network.
8. Loss of the car as a result of the confiscation of the car by law enforcement agencies
9. Damages are under warranty and guarantee.
10. Damage caused by use of the vehicle, such as wear, scratches on the bodywork, etc.
The term of the auto insurance policy depends on the agreement between you and the insurance company. Most auto insurance contracts are annual and are renewed annually unless canceled in writing by the policy holder or insurance company one month in advance.