Basic information about car insurance that will help you choose best service

Basic information about car insurance
Basic information about car insuranceThe car insurance can be divided into 4 main categories:

• MTPL Insurance
• Part-risk insurance
• Risk insurance
• Personal Accident Insurance

MTPL Insurance

The motor liability insurance is a statutory insurance. Without such insurance one must not allow a vehicle in Germany and not moving in traffic. Therefore, you need a dual card of the selected insurance, on the liability insurance for the vehicle must be guaranteed for at least the approval of a vehicle. The motor liability insurance covers claims for damages that may arise in the transport to a third party by the operation of a vehicle. When choosing the coverage levels of liability insurance you should definitely pay attention to the so-called "unlimited coverage". Depending on this sum for damage caused by the vehicle of the insured person, guarantees an unlimited amount. Since 01.01.2002 the following minimum insurance required by law for new contracts
for personal injury: 2,500,000 EURO
for damage to property: € 500,000
for pecuniary damage: 50,000 EURO
The insurance premium of motor vehicle liability insurance are divided into 16 different type classes. Every vehicle belongs to one of these type classes. For an insurance quote you should keep the car bill ready for this reason, because there you can extract the necessary data.

Third party insurance

A partial coverage insurance is an additional insurance that certain types of damage, such as: theft, storm damage, glass damage cover, fire damage or damage to the vehicle wild. The completion of a partial coverage is contrary to statutory motor liability insurance voluntarily. The partial coverage insurance is also classified in different type classes. This insurance is recommended primarily for newer vehicles. But even in older vehicles may benefit from this insurance the holder. By setting a deductible, it is possible to reduce the insurance premium significantly.

Fully comprehensive insurance

A comprehensive insurance is just like the partial coverage a voluntary supplement to the statutory motor liability insurance and covers all damages are insured within the framework of the partial coverage insurance. A full insurance differs from a partial coverage mainly in two aspects: The Comprehensive also covers repair costs as consequences of self-inflicted accidents, vandalism, willful damage of the vehicle by a third party, hit and run, and in the event of insolvency of the opposing party. The damage waiver further assumes any expenses incurred when the polluters can not be legally held responsible. The comprehensive insurance is also different in different type classes. In general: It is possible the insurance premium to reduce significantly by agreements of a deductible. A comprehensive insurance is recommended for new vehicles and is often required in the conclusion of leasing contracts.
When paying the full insurance ?: infomation around the full insurance
Personal Accident Insurance
With a passenger accident insurance the following benefits all occupants of a vehicle can cover:
Disability
Fatality
Sickness allowance, hospital daily allowance
Taking out a personal accident insurance is based on the user system or the flat-rate system after. After the user system only certain places are insured. After the flat rate system, all seats of the vehicle are insured. A personal accident insurance is actually a superfluous insurance because most risks are already covered by other insurance.

Important to know:
In an increase in contributions by the insurer or if changing the vehicle, the vehicle policyholder has a special right of termination. This possibility should be used to possibly switch to a cheaper car insurance. Thus, up to 50% can be saved.