What to Know About Auto Insurance

Is auto insurance compulsory?
The law requires all motorists to be insured under what is commonly called "civil liability".

This auto insurance guarantees compensation for material damage and bodily injury that could be caused to third parties by the driver of the car or by his passengers during an accident. An auto insurance contract can be limited to this simple guarantee, or include other guarantees. 

What to Know About Auto Insurance
What is liability insurance?
"Civil liability" insurance guarantees compensation for material and bodily injury caused to others by the driver of the car or by his passengers during an accident. Designed to allow victims of traffic accidents to be always and correctly compensated, liability insurance is compulsory for all motorists, and is therefore included in any auto insurance contract.

Third party auto insurance and all risk auto insurance
All drivers must at least be insured for bodily injury and material damage caused to third parties by the insured vehicle (art. 211-1 and 211-5 of the Insurance Code). This compulsory minimum insurance is called "third party" insurance.

The "all risks" insurances include more extensive guarantees and cover in particular the damage caused to your car, whoever is responsible, even if it is the driver (except in general in the event of driving in the event of drunkenness) , and even if the person responsible is not identified (in the event of vandalism, for example). "All-risk" auto insurance therefore provides better compensation than "third-party" auto insurance.

What is an information statement?
It is a document that traces the past of a person as an insured. It contains the following information:

  • the designated usual driver (s),
  • the number, nature and part of the liability of the claims recorded,
  • the identity of the responsible driver and finally the reduction-increase coefficient (or Bonus / Malus).

The insurer is obliged to issue an information statement to an insured when there is termination of the auto insurance contract.
Show comments
Hide comments

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel