Motor insurance is mandatory to
drive a vehicle legally. It is different from motor trade insurance.
What does it consist of, how does
it work, what are the different types of auto insurance?
Motor insurance: a compulsory step
Since car has been a legal
obligation for any driver wishing to travel, and more generally in a specific
geographical area (DOM-TOM, Europe, etc.). The main function of motor trade
insurance is to provide compensation for damage that may be caused to a third
party by a driver and / or one of his passengers. It covers the costs incurred
for injuries caused to an individual (hospital care costs, etc.) and in case of
material damage (on other vehicles, but also on real estate, etc.).
Driving an uninsured vehicle is an
offense punishable by law. It may result in a fine, suspension of license or
even impoundment of the vehicle concerned by the offense.
The principle
Auto insurance is a general term.
There are several instances under which these insurances are covered. It aims
at several possible guarantees:
1. the most
important, the RC Auto (legally called Civil Liability for Motor Vehicles),
which covers the liability of drivers of a vehicle. This insurance is mandatory
for all vehicle owners as soon as the vehicle is put into circulation on the
"public highway". When you are responsible for an accident, this
insurance covers material and bodily injury to the victims but does not cover
your own personal injury or property damage to your vehicle. For this reason, AutoCar
is often supplemented by other covers. omnium and mini-omnium covering the
material damage caused to the insured vehicle;
2. the legal
protection that covers legal costs and brings the insured assistance and advice
in legal matters;
3. driver's insurance
covering the bodily injury suffered by the driver ;
4. the support
, which allows to provide assistance to the insured in case of failure of the
vehicle (repair, towing).
Other insurance can also intervene
in the context of a car accident. This can be the case:
●
workers'
compensation insurance covering the worker for accidents occurring during work
and on the way to work;
●
Mutuals, who
pay for certain medical expenses, especially when you are responsible for an
accident and you are injured as a driver.
Buying auto insurance
There are many insurers today, one
of whose main missions is to offer drivers car insurance. The car insurance
policy (guarantees offered, options, rates, etc.) varies from one driver to
another. The vast majority of insurers take into account the experience of the
driver ( young driver or seasoned driver), but also the number of kilometers
traveled in the year, the type of vehicle insured (city car, luxury sedan,
etc.). , the driver's liability (number of accidents encountered in his driving
life), etc.
It is therefore very important
when choosing an auto insurance to compare offers. In recent years, the trend
in the field of motor trade insurance is also moving towards a maximum of
"tailor-made" to reduce the rates for good drivers and increase the
rate among unsuspecting drivers on the road. It has become bit more
personalized.
Guarantees of motor insurance
In addition to the obligatory
liability insurance (and different from the civil liability of the private
life), the car insurance can propose various guarantees more or less useful
according to your situation. There are traditional safeguards such as
"broken glass" or protection against theft and fire, but also other
more specialized guarantees such as the "natural disaster" guarantee.
As with any type of insurance
contract, it is advised to study carefully the clauses and the assumption of
responsibility of these guarantees before subscribing to them.
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