Vehicle insurance is considered the most important branches of general insurance, and enjoys this type of insurance is particularly important, whether at the local level Oalakulaima or global, and because of the vehicles did not play a vital and prominent role in the daily activity of individuals and commercial activities, recreational and social.
We are pleased Dear Forum members educational and especially those who have vehicles that we present you with this series, which highlights the most important features contained in the insurance policy standard on vehicles, which takes into account the dependence on the transparency and clarity between the transacting parties, in order to reduce the differences raised about the different interpretations, as they raised the level of coverage and additional benefits provided by insurance companies, insurance, and there are options and many advantages of insurance for the vehicle owner.
To understand all this it is advised to read all the terms of the document before signing it, and inquire about any aspects are not clear it.
1. What is the consolidated document for vehicle insurance?
Is the standard form of the most important details of the contract between the insurance company and the owner of the vehicle, which must adhere to which all insurance companies to make reparation for damage to vehicles insured and the coverage responsibility of civil in the event of danger (vehicle accident), according to the type of coverage in the document (whether comprehensive insurance or a party third), compared to an insurance premium paid by the insured to the insurance company. Where is the vehicle insurance policy and its schedule and its Annexes and requested the insurance contract standard, included a minimum of insurance benefits by insurance companies must provide to policyholders and conditions to be met either by the insurance companies or policyholders.
In addition, the document contains some optional features that must be on insurance companies - if it is available in the company - presented to the insured in return for a premium car such as to provide an additional alternative for the duration of the reform and other benefits agreed upon.
2. What is the purpose of the document?
1. Development of a uniform legal framework that regulates the relationship between insurance companies and policyholders of the owners of the vehicles.
2. Enhancement of the level of disclosure and transparency and clarity between the transacting parties.
3. Reduce the differences raised about the different interpretations in the insurance.
4. Raise the level of insurance coverage and benefits provided by insurance companies.
