Month: December 2017

Car insurance core services

Published / by admin / Leave a Comment

The automobile liability insurance is necessary for every car owner. Only those who have a liability insurance policy for his vehicle receives a license from the competent authority. The core services are all offered on the market car insurance largely are identical.

Differences in insurance coverage is more in detail. For example, some insurers offer the so-called Mallorca-Police its customers and insurance cover for driving a rental car abroad; others extend the group of insured persons. In general, who is caused his vehicle in an accident and thus he harms third parties, turns to his automobile liability insurer.

This compensated for the damage of the accident victim.In addition, the motor vehicle liability insurance but also provides a passive protection. A passive protection is necessary; if a third party against the insured is unjustified claims. The insurer will in such cases defines which of these claims can be charged to it. The automobile liability insurance provides coverage only if the damage arises in using the vehicle. In motor liability, insurance is limited insurance coverage not only to the policyholder. In addition, the holder, the driver, the owner and the employer (for business trips) is granted coverage.

Contract in the automobile liability insurance

It is free in insurance the insurer whether to accept the request of a customer or not. This principle is not applicable to the motor vehicle liability insurance. As the holder of a car is obliged to take out third party liability insurance, in reverse and the insurer has a duty to accept an application for motor vehicle liability insurance in the minimum coverage. An exemption from the obligation to contract is, however, for example, if the applicant was already insured with the relevant insurance company and the insurance company had a right to terminate the contract prematurely.

Premium calculation in the motor vehicle liability insurance

The amount of premium that a vehicle owner has to pay to the insurer depends on many different factors. In addition to the type of vehicle, the city and the damage discount many other rating factors used in the calculation for the course.

Car insurance services: The amount of premium

Published / by admin / Leave a Comment

To determine the amount of premium the insurance company pulls zoom in general the following factors. Statistical studies have shown that different regions have different claims experiences. A vehicle that is driven for example in an area with heavy traffic and high crime situation, the insurer is a higher than average risk, the corresponding effect on the premium amount. index

Type class: Statistics have shown that the type of vehicle affects the expected risk. Thus, certain vehicle models are more often involved in accidents, stolen more frequently in case of damage or cause higher costs than others are. The classification of vehicles into appropriate type classes is reflected for premium the insurer. Who wants to save money on the insurance should pay attention before buying a car on the type classification.

Even the profession of car holder has statistically a certain influence on the probability of damage. There are four different groups of tariffs, under which calculates the contribution rate in the motorindex insurance segment. What is the impact of occupations in the insurance application on the premium to be paid will remain hidden to the policyholder generally.

The biggest influence on the amount of the premium is the so-called no-claims bonus. A policyholder who has proven over many years of accident-free driving experience his driving skills provides the insurer is a significantly lower risk than a novice is. In conclusion, the long-standing claim-free drivers is classified in a more favourable claims category.

The system of claims category also allows the insurer, the premium amount each year the number of claims of the customer. The classification in the claims classes depends on the number of claim-free calendar years. Most insurers differentiate the premium from 0 to 25 years.

The number of loss-free years are then assigned contribution rates. These vary typically between 230 percent of the claims category 0 (novice) and 30 percent in the claims category 25 (with 25 or more calendar years no claims).