Car insurance is not compensated

Car insurance is not compensated

Car insurance is not compensated

Depending on the insurance company, there will be specific exclusions that will not be covered. Customers need to carefully read the terms of the insurance contract for details. Includes the following points:

The first amount of loss is the deductible as shown on the policy summary. The deductible is usually understood as the amount that the customer has to bear to share the risk with the insurance company when a part theft occurs. According to statistics, customers who choose the normal level of exemption will tend to drive safer and protect their car more carefully to save repair costs.

Vehicle loss of useability or any other consequential loss.

Natural wear and tear, damage, mechanical or electrical breakdown.

Damage to the inner tubes of the vehicle unless the damage, concurrently causes damage to other parts of the vehicle in the same accident.

Loss of vehicle engine due to entering a flooded road or due to water entering the vehicle engine causes the phenomenon of water damage to damage the vehicle engine.

Third claim onward for losses caused by part theft, if there have been two claims for loss caused by part theft during the insurance period.

Vehicle material damage caused by water damage to: Hybrid vehicles (vehicles with both petrol and electric propulsion systems) and/or passenger cars with more than eight seats and/or trucks types.

Damage caused by bodywork.

All types of car stamps are no longer original, especially for cars that have been discontinued, all types of car stamps are excluded whether original or not.

Damages to non-original (i.e. non-factory) parts that are not declared in the “Add-on” section of the vehicle inspection report.

Loss is not officially notified by the customer to the insurance company.

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Two-way auto insurance Cost

Car insurance is not compensated

Currently, the two-way car insurance premium for each insurance unit is different, ranging from 1.4% to 2.0% of the value of the car, in addition, depending on the terms of the insurance contract. more or less. Owning 2-way car insurance is a very smart way to minimize damage if there is a risk to the car - an important asset of mine.

When buying 2-way car insurance, you need to choose reputable insurance companies, affiliated with car manufacturers with quick warranty service and professional repair.

It is necessary to read the insurance policy carefully as well as understand all the provisions stated in the policy about the benefits that you are entitled to and the losses that are not within the scope of the insurance companies. insurance industry to be able to make the most accurate decision while participating in insurance.

Note when buying two-way car insurance

Before buying two-way car insurance, car owners should fully consider the above factors, do not rush to decide because of cheap greed. It is best to consult the information of reputable insurance companies with many years of experience in the field of auto insurance to ensure your benefits. Specifically:

Choose a reputable insurance company and associate with car companies that have professional repair services and are convenient for repair.

Read the insurance policy carefully and clearly understand the terms stated in the contract.

Buy group or combined insurance at the same reputable insurance company, you may receive a certain discount/discount.

With this article you have learned why you are not compensated even though you have purchased insurance for a two-way car when there is an accident. Buying two-way auto insurance is a must to protect yourself and your property. Please read carefully the insurance package to be compensated in the event of an accident.

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