Car insurance terms and conditions

Based on the high rate of accidents that occur each year, it is imperative that anyone who drives a car, whether it is your car or a friend’s car, should have an auto insurance policy, even if it is the least of all. insurance policies available.

Insurance covers the policyholder and in most cases covers other people who use the car or the driver. However, if the car is involved in an accident that is not in the interest of the policyholder, or in violation of the agreement between the policyholder and the insurance company, the insurance policy will not cover damages from such an accident.

In cases where the insured vehicle is sold to another person, the new owner is covered by the Third Party Liability Insurance and also by the comprehensive motor insurance policy (if any) within 3 weeks after the change of ownership. When there is a new insurance policy active, all insurance deductibles will be paid by the new owner of the car.

Auto insurance does not cover damage to vehicles held by the company for sales purposes

Depending on the auto insurance policy agreement between you and your insurance company, you may not be required to notify them when the terms of the policy agreement change. Refusal to notify insurance may result in loss of compensation and compensation in the event of a claim or reduction of compensation and compensation or interruption of payment of compensation and compensation.

Therefore, to avoid the consequences mentioned above, whenever there is a change in 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. by accident each.

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

No deductible will apply in situations such as:

1. Damages from a person responsible for the known damage

2. Damages due to fire, explosion, lightning or theft

3. Damage from objects falling on the car.

Also, there will be an additional deductible if someone other than the policyholder or any registered user of the three cars under the auto insurance policy is injured while 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. Injuries to the driver

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

3. Damage to the attached vehicle

4. Damage that occurred at the time the vehicle was rented, unless it can be proven that the damage is due to an event that is in accordance with the auto insurance policy.

5. Damage to the things of the driver, policyholder, any person indicated in the auto insurance policy or habitual user.

The following accidents are not covered by comprehensive auto insurance:

1. Damages resulting from weather conditions

2. Damaging auto parts during repairs, unless it can be proven that the damage occurred while driving or by fire.

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

4. Damage resulting from reckless driving, i.e. overheating or failure to change oil

5. Damages occurred during the rental of the car

6. Damages caused by intoxication of the driver

7. Damage caused intentionally by network negligence

8. Loss of the car due to the seizure of the car by law enforcement authorities

9. Warranty and guarantee damages

10. Damage from 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 in writing by the policyholder or insurance company one month in advance.