insurances

Auto Insurances

General information

If you have a auto, you need an insurance. Auto Insurances protect the insured against losses involving the use of automobiles. Auto Insurances can help you in case your auto is stolen, lost or damaged in an accident, and sometimes if you or anyone else is injured. It will help to restore your vehicle. It can also help to protect you in the event of a lawsuit.

Why do we need auto insurances?

Auto Insurances can help to safeguard your investment in automobile, pay for medical expenses in the event of a collision, provide financial protection from lawsuits, cover losses caused by uninsured or underinsured drivers, pay for damage due to theft, vandalism or natural disasters.

Without auto insurances, you risk bearing full expenses of any harm you cause to others, repairing or replacing your auto if it’s damaged or stolen.

There are several types of auto insurances:

Third party auto insurances

It is the obligatory auto insurance and a compulsory part of every vehicle registration (there are financial penalties for not having the valid Third Party Insurance). Every owner of the auto must have this policy. It is made for 12 months. The aim of the policy is to insure the driver against personal injury caused to other parties, protect the injured party in the accident. If you cause the damage of somebody’s property, damage to his health or his death, the insurance company will pay the compensation to the injured party. Neither you nor your family will get the compensation from this insurance. The Third Party Insurance doesn’t protect you against the criminal responsibility – when the court states that you are guilty, the policy can not be your shelter.

Auto Accident and Theft Insurances

It protects you against unexpected expenses connected with the repair of your vehicle when it is damaged or with the purchase of the other one. It is the voluntary auto insurance depending on the owner of the vehicle. The compensation is paid in the following cases: when you are guilty for damaging your auto, the guilty party is unknown, the damages are the results of the collision with the animals, flood, fire, theft, etc.

Very often the insurance company can not be held responsible, for instance: if you damage your auto while driving without documents (valid driving license), under the influence of alcohol, if you use the auto to commit a crime, drive away without reasons from the place of the accident, if the keys and registration were inside your stolen auto.

Green Card

It is a kind of proof of having the Third Party Insurance in force abroad. It is one of the obligatory auto insurances while going abroad. The policy covers damages that can be caused on the road. When you cause a damage to the resident of a foreign country, the entitled insurance company compensates for it on the basis of local regulations. These regulations are in force at the territory of the countries that belong to the Green Card System.

The green card auto insurances can be bought at the border or in the other country as well, but this is more expensive. The cheapest way to buy the Green Card is to do it in the insurance company where you purchased your Third Party Insurance.

Assistance

Apart from basic services, you can also take advantage of 24-hour additional options. These auto insurances provides us with technical and medical protection while traveling. In case of the auto crash, lost documents, lost auto or illness of somebody, you can call for free help. In some insurance companies you can get the Assistance for free with the Third Party Insurance or Auto Accident and Theft Insurance. You can expect supplementary services such as: towing, repair, hiring other auto, accommodation in hotel, medical autoe, financial help and even babysitting.