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Car insurance terms and conditions

Given the high rate of accidents that occur each year, it is imperative that anyone driving a car, whether it’s yours or a friend’s, has a car insurance policy, even if it’s the least of all insurance policies available.

Insurance covers the policyholder and in most cases it covers other people who use the car or the driver. However, if the car falls into 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 does not will not cover damages from such an accident.

In the event of the resale of the insured vehicle to another person, the new owner is covered by civil liability insurance as well as by multi-risk automobile insurance (if it exists) within a period of 3 weeks after the change of owner. When there is a new active insurance policy, all insurance deductibles will be paid by the new owner of the car.

Automobile insurance does not cover damage to vehicles in company possession for sale

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 refusing to notify the insurance may be the forfeiture of the indemnity and the indemnity in the event of an accident or the reduction of the indemnity and the indemnity or the forfeiture of the payment of the indemnity and of the indemnity.

Therefore, to avoid the consequences described above, whenever there is a change in policy information, notify your insurance company immediately.

You can purchase the same car insurance from two different insurance companies without terminating the original insurance with the first company, but when an accident occurs, your car insurance policy agreement will apply, which may mean that both companies pay half the cost for the accident each.

Another important thing to note regarding car insurance is the deductibles which are based on the agreement in the car insurance policy. Excesses are only deducted once in the event of an insurance event involving both civil liability and damage under multi-risk motor insurance.

No deductible will apply in situations such as:

1. Damages of a convicted tortfeasor

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

3. Damage caused by objects falling on the car.

In addition, there will be an additional deductible in the event of damage to the car caused by anyone other than the policyholder or any registered user of the three cars under the car insurance policy.

There are some accidents that your car insurance policy may not cover. Under liability insurance, your domestic auto insurance policy does not cover;

1. Driver injury

2. Damage resulting from the carriage of goods by road under contractual acts

3. Damage to the hitched vehicle

4. Damage occurring at the time of rental of the vehicle, unless it can be proven that the damage resulted from an event in accordance with the automobile insurance policy

5. Damage to objects belonging to the driver, to the policyholder, to any person mentioned in the motor vehicle insurance policy as a regular user.

The following accidents are not covered by comprehensive insurance:

1. Damage resulting from weather conditions

2. Damage car parts during repairs, unless it can be proven that the damage occurred while 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 motor insurance policy

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

5. Damage occurring during car rental

6. Damage due to driver drunkenness

7. Damage caused intentionally by network negligence

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

9. Damage under warranty and warranty

10. Damage due to the use of the car such as wear, scratches on the bodywork, etc.

The duration of the car insurance policy is based on the agreement between you and the insurance company. Most car insurance contracts are annual and are renewed each year unless canceled in writing by the policyholder or the insurance company with one month’s notice.

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