The different car insurance contracts
You’ve just acquired a new car and are wondering what type of car insurance to choose from. Here is a detailed overview of the packages generally offered by insurance companies.
Basic car insurance plan
Above all, it is important to remember that automobile insurance is mandatory. The law and the insurance code impose it on you, whether it’s a new or used car, whether it’s on the road or not.
The insurance obligation covers bodily injury and property damage that you cause to third parties. It corresponds to the minimum civil liability contract, also called “third-party car insurance” or “simple third party” car insurance. Your car insurance pays full compensation to victims on your behalf. Its guarantees allow you to repair the consequences of a car accident caused by your insured vehicle. They are triggered in the event of a collision with any type of vehicle, building or street furniture. Likewise, if it causes injury or death to all persons involved in the accident: all passengers in the car, pedestrians, cyclists, motorcyclists, etc., you will be covered for the cost of damages.
You are also required by law to take out an insurance policy with an insurance company.
The best way to compare and choose your insurer is to go on the internet. You can request quotes from insurers or visit online car insurance comparison sites. Either way, you can use free simulations to make your decision.
The insurance code also extends this insurance obligation to your trailers and caravans weighing less than 750 kg.
optional car insurance coverage
Other types of motor vehicle claims can occur without the notion of liability being involved. In order to cover these risks, you must purchase additional coverages. Insurers offer you contracts in the form of more or less personalized formulas or options. Take the time to study them in order to choose the ones that suit you best.
Bodily injury coverage for the insured driver provides compensation for the consequences of the bodily injury you suffer. In fact, third party liability excludes damage caused to the driver of the vehicle, whether or not you are at fault for the accident.
The “All Accidental Damage” coverage, also known as “comprehensive car insurance”, covers all property damage caused to your vehicle, whether or not you are at fault for the accident.
It is in your interest to take out this car insurance, otherwise, you will only benefit from social security coverage: reimbursement of medical expenses and payment of daily allowances.
The Theft cover compensates you for the value of your vehicle on the date of theft or attempted theft, burglary, and car theft.
The fire guarantee reimburses damage due to fire or lightning.
Glass Breakage coverage covers damage to the windshield and other glass surfaces of the vehicle.
Storm coverage covers damage due to wind.
Natural disaster coverage compensates for damage resulting from a natural event. Such as a flood, landslide, tsunami, cyclone, earthquake…
The assistance coverage covers the repair and towing of your vehicle and its passengers if necessary. Depending on the policy taken out, a mileage deductible applies from a fixed distance ranging from 0 km to 50 km.
