Learn about auto insurance and what, its advantages and disadvantages
auto insurance shall be through an agreement or contract between two parties; the first party shall be the insurance company and the second party shall be the owner of the vehicle. The contract is agreed upon.
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auto insurance Learn about auto insurance and what are the types and advantages and disadvantages
Types of insurance
Insurance against third parties
Comprehensive insurance
What is Insurance against third parties
Through this insurance, the insurance company is obliged to repair the damages and damages caused by the insured vehicle against third parties insurance for other cars.These repairs or damages do not include the vehicle with third party insurance or damages.This insurance is compulsory for all cars to protect the rights of the owners of the damaged cars.
Advantages Insurance against third parties
1 - Insurance against third parties to pay the amount of damage caused by the insured vehicle for other cars that have been involved in the accident, and this car away from the owner of the payment of any amounts and make him feel a sense of reassurance towards the cars that caused them damage.
2. With regard to the annual amount to be paid by the owner of the vehicle to the insurance company in case of third party insurance, it is rather reasonable and does not constitute a burden on it.
Cons of third party insurance
The most important negative for the third party insurance system is that the insurance companies do not bear the cost of the damages that have been caused to the insured car, but only to the other damaged cars, which means that the owner of the car must repair the malfunction that occurred to his car in case he was the cause on his own account.
What is universal insurance
Comprehensive Insurance The insurance company is obliged to repair the damages and malfunctions caused by the insured vehicle. Comprehensive insurance, in addition to repairing all the damages of the insured vehicle, i.e., the damages of all the vehicles covered in the accident are repaired.
Pros of Comprehensive Insurance
1. Comprehensive insurance besides car repair provides car insurance service in case of theft, vandalism, fire, and many other things that may happen to the car at any time.
2. If the insured car causes the accident, the owner will be reassured that the insurance will take care of the repairs, and avoid paying large sums to repair his car.
Cons of comprehensive insurance
1. One of the disadvantages of comprehensive insurance is that it applies to the date of manufacture and age of the car, and the comprehensive insurance law is not subject to old cars, because they may break down quickly unlike the new car.
2 - The second negative for comprehensive insurance is the high annual payments to insurance companies, and this is a burden on the owners of cars wishing to this type of insurance, especially if they buy their cars through banks and monthly installments.
auto insurance
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