Having purchased a car it is a must for its owner to get acquainted with the basic rules of the auto insurance. One has to know that there exists auto insurance in three main types. The first one is the insurance of the vehicle. The second type is the insurance of the civil liability of the owners of the vehicles. And the third one is the insurance of a driver and the passengers of the car against the accident.
The first type of the insurance presupposes the payment of the insurance cover in case of damage, hi-jacking, and other types of the damages done to your vehicle, however it does not presuppose the responsibility before the driver and the passengers of the car, as many people are misleadingly thinking. This type of insurance can be full and partial. Full insurance presupposes the payment of insurance money in the result of the accident, stealing, illegal actions of the third part, fire, explosion and other dangerous things. In case the insurance is partial the vehicle is insured against not all risks out of the list mentioned above. Most often it presupposes hi-jacking of the car. A car owner has to think what type of insurance to choose. Of course, the majority of the insurers recommend to buy the first type of insurance as you never know what might wait for you in future.
Civil liability insurance of the vehicle presupposes insurance compensation payment in case you have become the one guilty of the accident in which the third party and his or her property have suffered. That means that it is not the car that has been insured, but the responsibility of its owner for the damage he or she can do to other rule the compensation is paid to the party that has suffered directly. You have to pay attention that in some countries this type of insurance is a compulsory one.
The third type of auto insurance – insurance of the driver and the passengers of the car – presupposes the payment of the insurance money in case of damage of health (sometimes death) either of the driver or the passengers that are in the vehicle at the moment of accident.
Irrespective of the insurance type the money is not always paid as the insurance company is not a charitable organization and is trying to find out some reasons not to pay money to the owners of the auto insurance policy. Car owners can hear the refusals quite often.
So one has to be very careful about the choice of the insurer and check all possible details before signing the contract on the auto insurance.
Funny, but lots of the people simply forget that we are living in the world where information makes life easier. Why not applying this to the topic of cheap auto insurance or anything around this topic?!
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