Terms and Conditions of Auto Insurance
Because of the high accident rate that occurs each year, anyone who drives, whether it’s their own car or a friend’s car, must have auto insurance.
Insurance is for policyholders, usually other people who use cars and drivers. However, if an accident occurs that is unfavorable to the insured or violates the agreement between the insured and the insurance company, the insurance will not cover the loss caused by the accident.
If the insured’s vehicle is sold to someone else, the new owner will have third-party liability insurance and comprehensive auto insurance (if any) within three weeks of the change of ownership. If there is a new active insurance policy, all insurance deductions will be paid by the new owner.
Auto insurance does not cover damage to all company vehicles for sale
Depending on the auto insurance policy between you and the insurance company, you may not need to notify them when the terms of the insurance policy change. Failure to notify insurance may result in indemnity and indemnity losses in the event of an accident, reduction in indemnity and indemnity, or expiration of indemnity and payment of indemnity.
Therefore, in order to avoid the above results, if there is any change in the insurance contract information, please notify the insurance company immediately.
You can buy the same auto insurance from two different insurance companies without terminating the initial coverage with the first insurance company, but in the event of an accident, the auto insurance policy agreement will apply. That could mean both companies pay half the cost. every accident.
Another important thing to note about auto insurance is the deductions under the auto insurance contract agreement. For third party liability and comprehensive auto damage coverage events, only one deduction will be made.
The deduction does not apply in the following cases:
1. Damages caused by known and responsible infringers
2. Damage caused by fire, explosion, lightning strike or theft
3. Damage caused by items falling into the vehicle.
Additionally, additional deductions apply if driving damage to the car is caused by someone other than the policyholder or the registered user of the three cars.
Your car insurance may not cover certain accidents. Under liability insurance, your car’s internal insurance is not covered.
1. Driver Injured
2. Damage caused by the transport of goods by road according to the contract conduct
3. Damage to ancillary vehicles
4. Damage incurred while renting a car, unless proven to be caused by an accident under car insurance
5. Damage to the property of the driver, policyholder, or person listed as a regular user of auto insurance.
The following accidents are not covered by comprehensive auto insurance.
1. Damage due to weather conditions
2. Damaged car parts during repairs unless proven to have been damaged by driving or fire
3. Damage to electrical and mechanical parts of the vehicle, unless evidenced by the car insurance policy
4. No reckless driving damage, i.e. no overheating or oil changes
5. Damage incurred during rental
6. Damage caused by driver poisoning
7. Intentional damage caused by grid negligence
8. Lost car seized by law enforcement
9. Warranty and damage during the warranty period
10. Damage caused by the use of the car, such as body wear, scratches, etc.