Car Insurance: Free ride through the jungle clause

When taking out a car insurance, it is important to note some points that consumers are often not known or is not sufficient. Many clauses and contract terms are due to the insurance jargon difficult to see through, but in reality the most important points as new price compensation, Majorca Police and risks cover are easily explained. The insurance experts AllSecur Germany AG (www.allsecur.de) clarify on regarding the basic concepts.



Original price compensation
If this clause is included, the policyholder receives in total loss of the new car not only the replacement value, but the original price of the car. This means that you can compensate for the rapid depreciation of a new car in the first months without any financial loss. The duration can be adjusted based on the different offers on the market to the individual needs.

Purchase value compensation
Some Comprehensive variants include a purchase value of compensation that can be completed up to 24 months after buying a car. If the policy holder in this period a total loss, not only of the vehicle value at the time of the accident, but the complete replacement value will be paid to the date of authorization.

Workshop bond

From a workshop bonding is when the insurer specifies a partner workshop, in which the vehicle is to be repaired in case of damage. The inclusion of this clause the insurance is much cheaper. Moreover, there is often little additional services such as pickup and delivery service of the damaged car or the right to a replacement car.

Second car

If a policyholder owns several vehicles it pays to check with the insurer whether the classification in a better claims category is possible if all vehicles are insured with the same company. A higher claims discount is possible.

Risks cover

The driver with the inclusion of this clause in principle protected against all risks, provided they are not excluded decidedly. The insurance cover is more extensive than that of a fully comprehensive insurance.

Mallorca-Police

Behind this dazzling name hides nothing more than an additional insurance for car hire abroad, which is already included in most German insurance. It increases the low coverage levels of motor vehicle liability insurance abroad to domestic standard. The scope is limited to Europe. Some insurers offer but also an almost worldwide protection.

International insurance card

Colloquially known as "green card", this document is to be presented abroad, as evidence of an upright motor vehicle liability insurance. Within the EU, the international insurance card must not be carried outside the EU, the rules are different, so it makes sense to obtain some information before start (download here free of charge)

Ombudsman

If the insurer and policyholder can not agree, there is a conciliation body that attempts to mediate. This so-called ombudsman, working for free for the consumer and enters after the insurer once again had the opportunity to review its decision to be discussed. Decisions of the ombudsman are binding on the insurer, unless the injury totals do not exceed 10,000 euros.

Rest insurance

For example, if convertibles and caravans are not used all year round, there is a possibility that the vehicle is to temporarily close or to apply seasonal license plates. For the rest period no insurance premiums must be paid, but there is still a minimum level of protection as long as the vehicle is stationary in a private garage or an enclosed courtyard.

GAP coverage

"Gap" comes from English and means "gap". For leased vehicles and leveraged vehicles this insurance provides additional protection in order to meet the financial gap that may arise in theft or total loss. If the leasing company is a receivable exceeding the replacement value, the Gap coverage takes care of the outstanding balance.