Auto insurance terms and conditions

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 a friend’s car, should have a car insurance policy, even if it is the least of all. insurance policies available.

Insurance covers the policy holder and in most cases covers other people who use the car or driver. However, if the car suffers an accident that is not in the interest of the insured, or violates the agreement between the insured and the insurance company, the insurance policy will not cover the damages caused by said accident.

In cases where the insured vehicle is sold to someone else, the new owner is covered by the liability insurance and also by the comprehensive car insurance policy (if any) within 3 weeks after the change. owner. When there is a new active insurance policy, all insurance deductibles will be paid by the new owner of the car.

Auto insurance does not cover damage to vehicles in the possession of the business for sale purposes.

Depending on the auto insurance policy agreement between you and your insurance company, you may not need to notify them when the terms of the policy agreement change. The consequence of the refusal to notify the insurance could be the compensation for expiration and compensation if an accident occurs or the reduction of the compensation and compensation or expiration in the payment of compensation and compensation.

Therefore, 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 canceling the initial insurance with the first company, but when an accident occurs, the agreement in your car insurance policy will apply, and this may mean that both companies pay the half the cost for the accident each.

Another important thing to keep in mind regarding car insurance is the deductibles that are based on the car insurance policy agreement. Deductibles are deducted only once in cases of an insurance event involving both third party liability and damages under comprehensive auto insurance.

No deductible will apply in situations such as:

1. Damage caused by a known responsible culprit

2. Damage by fire, explosion, lightning or theft

3. Damage from falling objects on the car.

In addition, there will be an additional deductible if someone other than the policy holder or any registered user of the three cars under the auto insurance policy has suffered damage from driving the car.

There are certain accidents that your auto insurance policy may not cover. Under liability insurance, your interior auto policy does not cover;

1. Injury to the driver

2. Damages caused by the transport of goods by road by virtue of contractual acts

3. Damage to attached vehicle

4. Damage that occurred at the time the vehicle was rented, unless it can be proven that the damage is the result of an event that is consistent with the auto insurance policy.

5. Damage to articles belonging to the driver, the insured, any person indicated in the automobile insurance policy or habitual user.

The following accidents are not covered by comprehensive auto insurance:

1. Damage resulting from weather conditions

2. Damage auto parts during repairs, unless it can be proven that the damage was caused by driving or by fire.

3. Damage to the electrician and mechanical parts of the vehicle, unless it can be proven that the damage occurred according to the auto insurance policy.

4. Damages resulting from reckless driving, ie overheating or failure to change oil

5. Damages that occurred while the car was rented

6. Damages caused by intoxication of the driver.

7. Damages intentionally caused by negligence on the network.

8. Loss of the car due to the seizure of the car by the police authorities

9. Damages under warranty and warranty

10. Damage caused by the use of the car, such as wear, scratches on the body, etc.

The duration of the auto insurance policy is based on the agreement between you and the insurance company. Most auto insurance contracts are annual and are renewed annually unless canceled by the policy holder or the insurance company in writing one month in advance.