콘텐츠로 건너뛰기

7 benefits of car insurance

7 benefits of car insurance

7 benefits of car insurance

7 benefits of car insurance

Vehicle insurance is a written contract between two parties, the first is called the insurer (usually the insurance company), and the second is the insured (the owner of the vehicle). According to this contract, the insurer is obligated to limit the damage by compensating the insured for the damages that occur to his vehicle, according to the damages covered by the contract. This is in exchange for financial installments paid by the insured, according to what is agreed upon between the two parties (annually – monthly – semi-annually).

The benefits of vehicle insurance are important for the following reasons

feeling safe

Car insurance makes you feel safe because any damage that comes your way, especially if the cause is beyond your control such as accidents, fire or theft, God forbid, is covered and protected under the insurance contract. Thus, your anxiety disappears, and you trust your leadership on the road more.
Protecting individuals

It is divided into two parts:

  • protection against material losses; as a result of accidents.
  • Protecting society from disputes between its members, which may turn into quarrels, and the use of force to restore rights, which may reach the courts; But with car insurance, individuals will shorten these disputes between them as the claims end amicably in the insurance offices.

Health and physical protection

The insurance on your car compensates you for your injury or the injury of your passengers in the car, in the event that you are involved in an accident, God forbid.
Protection from natural disasters
Where you are compensated for any loss and damage that you may be exposed to as a result of rain, torrents, storms or fire.
It gives you alternative solutions to help you in your daily life
If your car breaks down, the insurance will give you financial compensation to rent a replacement car until your insured car is repaired.
Guarantees repair of damages at the agency
Instead of floundering around in the regular repair shops, the insurance contract guarantees that your insured car will be repaired at your car company’s main dealership, where you will have genuine parts and quality repairs available.

It gives you the options you want, which are

Compulsory insurance (against third parties)

It is compulsory insurance according to traffic regulations in the Kingdom and a number of countries in the world, so that the owner of the car insures his car against damages that may occur to others or their property by 100 percent as a result of an accident resulting from your car – God forbid. This document also includes a fine guarantee certificate and any additional appendix (if any) provided that it does not contradict or violate the provisions contained in the policy, but it does not include the insured vehicle or its owner and passengers. This type of insurance is also called (compulsory insurance), as the owner of the vehicle is legally obliged to insure his vehicle in this type of insurance, otherwise he will be punished up to imprisonment if he refuses to do so. But it has its drawbacks, which are:

  • Its disadvantages: It is limited to the vehicle of others, and does not cover any damages that occur to the vehicle of the owner or its driver if he was the one who caused the accident, and he must bear the costs of these breakdowns and damages.
  • Comprehensive insurance: It is optional for the vehicle. If the owner of the vehicle wants to cover his vehicle with full protection, then he resorts to the comprehensive contract to protect both his vehicle and other vehicles, and its passengers. It is an insurance program that covers loss or damage to the insured car, including the additions (accessories) inside it. As a result of any emergency collision or overturning due to a mechanical failure or due to breakdowns resulting from prolonged use without maintenance, in addition to damages not resulting from a car accident, according to the terms and conditions mentioned in the policy.

Advantages

  • In which the insured feels protected over his vehicle, even if he caused the accident, and thus he may avoid paying large sums to repair it.
  • Covers theft, fire and other risks.
  • It is an optional vehicle insurance
  • The price of the insurance depends mainly on the type and value of the car
  • It guarantees more benefits than compulsory insurance
  • The coverage of the comprehensive insurance policy can be extended to include damages to the insured car for accidents that occur outside the Kingdom, for an additional cost
  • Provides optional additional coverages that grant a number of benefits that are not available in similar insurance programs

 

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다