Car insurance allows you to indemnify for damage or loss of a vehicle. In addition, it holds the driver himself liable to third parties.
Owner's liability insurance
Motor third party liability insurance is a compulsory type of auto insurance in most countries. It is known under the abbreviation OSAGO. Illiterate use of a vehicle can harm other people. If this happens, the owner will be obliged to pay damages.
This type of insurance is designed to protect the interests of third parties and save the insurance company from monetary losses. Without it, it is impossible to undergo technical inspection, register or deregister a car. A contract is usually concluded for a year with a subsequent extension. In such a contract, some restrictions may be noted. For example, persons who have the right to drive a vehicle.
There is a list of cases in which the owner is not obliged to compensate for the damage. If the transport operator tried to deliberately harm others, violated the rules for using the vehicle or fire safety rules, was intoxicated, had no rights. Also in case of non-compliance of the vehicle with technical requirements and under test or competition conditions.
Responsibility overtakes the owner of the insurance, if he acted deliberately, was intoxicated, had no rights, fled from the scene of the accident, was not included in the circle of persons admitted to driving this vehicle. In such cases, the insurance company compensates the victim for the damage, after which this amount is collected from the owner of the insurance.
Types of car insurance
Voluntary insurance of civil liability of vehicle owners is an addition to the previous type. The contract can be concluded if the owner is not satisfied with the amount of compensation for OSAGO. Car insurance - CASCO. The company financially provides transportation of the car from the accident site, repairs, the cost of the car in case of theft, damage as a result of unlawful actions of third parties and natural disasters. The contract applies to both the vehicle and additional equipment.
Additional equipment insurance. It is possible to insure car property that was not included in the original equipment. An exception is damage due to careless use. Accident insurance, that is, a sudden impact on the human body, resulting in temporary disability or death. Some companies separately insure against damage, damage does not mean theft and theft. They prefer not to insure against theft separately, since there is a high risk of fraudulent manipulation by the car owner.
