Posts Tagged ‘compare car insurance’

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What Is Car Insurance?

October 30th, 2010 | Author: fts

Car insurance or vehicle insurance is a class of insurance of cars, trucks, buses, motorcycles, boats, motor boats and other means of transport as well as drivers and passengers which includes:
- Insurance of the driver and passengers in case of injuries in road accidents;
- Insurance of medical expenses resulting from accidents;
- Insurance in case of death resulting from accident;
- Insurance of the vehicle in case of damage or total loss as a result of an accident;
- Insurance of vehicle owner liability for damage caused to third parties resulting from car exploitation.

Objects of car insurance: all kinds of vehicles (trucks and cars, buses, motorcycles, trailers and semitrailers) of both domestic and foreign production could be insured.

Insurance risks, which could be covered by car insurance:
- Full insurance (insurance against damage and theft);
- Damage insurance (insurance only against damage);
- Additional equipment insurance (insurance of car radios, antennas, discs etc. which are not included into base factory completion);
- Driver’s civil liability (insurance of liability for injury to third party’s property, life or health);
- Accident (insurance of driver and passengers against death or personal injury resulting from a traffic accident).

Insurance performs the following functions:
risk-taking function – the redistribution of risk between the parties to the insurance;
cautionary function – the use of part of the funds to reduce the possibility of insurance case realization;
function of saving – the insurance is used for the accumulation of funds;
function of control – the control over the formation and use of insurance funds.

What influences on the cost of insurance:
- Brand and model of the car;
- Price of the car and price of additional equipment;
- The year of car release;
- Driving experience;
- The number of insured cars and drivers;
- The period of the contract;
- Depreciation of details;
- The form of payment;
- The amount of covered risks.

The companies providing car insurance should cover all the expenses connected with restoration of the vehicle which received mechanical damage as the result of traffic accident, fire, natural disaster, falling of rocks and different objects, wrongful acts of third parties as well as in the case of vehicle theft.

According to the contract the protection could also be extended to an additional equipment installed on the vehicle, as well as to the driver and passengers’ lives and health.
As usual the car insurance contract is accompanied by specialized assistance services.
Car insurance will allow you to be confident in any insurance case, will save your time and money. The amount of regular payments for the insurance policy will be much smaller than the sum you will spend on restoring of your car or buying a new car in the case of care insurance absence.

Do you know that the knowledge of car insurance can assist you a lot in taking care of many problems with finding car insurance quotes?

Yes. This is really doable. Read more about “cheap car insurance” topic, how anyone can get great offer and how to apply this info with maximum effect.

Today we live in the world where information makes life easier.

Due to this if you are properly armed with the knowledge in your sphere of interest you can rest assured that you will always find the solution to any bad situation. So, please make sure to visit this site on a regular basis or – an ideal solution for you – sign up to its RSS feed. In such an easy way you will have your hand on the pulse of the freshest info updates here. Blogs can be helpful, you just need to know how to use blogging to help you in finding the best car insurance propositions on the market.

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Conditions Of Car Insurance

October 30th, 2010 | Author: fts

As usual, the insurance companies conclude the insurance contracts with both, the owners of vehicles and those who travel with the letter of attorney, and with tenants. Does any car can be insured? Some insurance companies insure only vehicles that are under 1992 year of release; others do not give the insurance to vehicles which have been in service for 6 years except those cases when the significant upgrade of the car was made. Therefore, if your car is 6-8 years, you can count on insurance but it should be borne in mind – if your car is old, it is cheaper, but repair of either new or old car costs the same.

Each insurance company has its own conditions of insurance, its own programs for domestic and imported cars. And these programs differ slightly but there are significant points. One of them – the insurance for the only one insurance amount in the size of value of the car which is set at a market; and two insurance amounts – equal to the cost of a new car (damage) and the market cost (the hijacking, the complete destruction). All this peculiarities would be specified in insurance company and you will be said and explained of the benefits of a particular approach of the insurance company.

Insurance programs in addition to payments in case of accident also include the repair of vehicles on the accounts of those SRT which have the special contracts with the definite insurance company. And in case of damage of the car the insurance company will recommend you to contact the certain SRT but you as a client will also have the right to choose the SRT. At these service stations the insurance companies are given with the certain privileges – car repairs without waiting in line, some discounts.

Regarding the annual insurance premium, it depends on the class of car being insured, if it is domestic or imported, a date of issue, what is your driving experience, how many people are allowed to use the car etc. On average it amounts to 3-9% for domestic cars and to foreign cars it is about 6-12% of the insurance sum at the minimum franchise (franchise means that part of the damage remains at the risk of the policyholder, i.e. this part of the loss will not be covered by the insurance company). Jeeps and Mercedes insurance payments are higher because they are considered to be the high-risk vehicles.

Usually the insurance companies work out their own car insurance contracts for their clients and not infrequently these contracts fix the obligation of clients to inform the insurance company in case of change of circumstances having been reported at the moment of contract conclusion. In this case the insurance company has the right to insist on changing the terms of the contract and, if such a change is not acceptable for the insured person, on termination of the contract.

Do you know that the knowledge of car insurance can assist you a lot in taking care of lots of problems with finding car insurance quotes?

This is really doable. Learn more about “cheap car insurance” topic, how you can get great offer and how to use this information with maximum effect.

Today we are living in the world where knowledge makes life easier.

That is why if you are properly armed with the information in your sphere of interest you can be sure that you will in any case find the solution to any bad situation. So, please make sure to track this site on a regular basis or – best of all – sign up to its RSS. Thus you will have a direct shortcut to the latest info updates here. Blogging can be helpful, you just need to know how to use blogging to help you in finding the best car insurance propositions on the market.

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  • Share/Bookmark
Posted in Morethan Insurance | Tags: , , , , , , , , , , , , , , , , , , , , , , , | Comments
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