5 coverages that good car insurance should include
5 coverages that good car insurance should include, Before hiring and choosing your car insurance, you should know the different coverages that exist and what they include so that they adapt to your needs and the budget you are willing to pay.
It seems that currently, car insurance has become a commodity for those who have a vehicle, however, the figures reflect otherwise. According to data from the National Commission for the Protection of Financial Services Users (Condusef), only 3 out of 10 cars in Mexico have insurance, despite being a mandatory issue.
This means that there are more than 10.6 million motorists who circulate on the streets and highways without protection against accidents, theft, or any other eventuality that puts their lives, the lives of passengers, and even the lives of people and goods that could be at risk. be affected.
Moon Coverage
Together with Theft and Fire, the Moons coverage is the one that complements Civil Liability and Travel Assistance in Extended Third Party insurance. Again, it’s quality/price ratio makes it one of the essential covers for a new vehicle, since its cost is very low and, instead, it will allow the insurer to pay compensation for damage caused to the windshield, side windows, and rear window.
Also, this coverage includes workshop labor and, in almost all cases, damage to the sunroof if it is a standard part of the car. Some companies offer their policyholders the advantage of being able to repair their windows at home, thanks to agreements with specialized companies. For example, Direct Seguros has a mobile repair shop service, which it provides through Carglass.
own damage
You already know that Own Damage coverage is synonymous with All Risk Insurance, which in turn is usually the antonym of cheap car insurance. Based on this premise, in the case of a new car, what is cheap can be expensive.
Indeed, unlike in the case of Windows, Fire, and Theft, including Own Damages in the policy does mean a significant increase in its price. In addition, you should bear in mind that this coverage deals with damage to the vehicle that is not attributable to other coverage, so if you have suffered damage to your car related to fire, theft, or broken windows, these would already be covered. even without having comprehensive insurance. So why hire Own Damages?
Even if you consider yourself a good driver, you can eventually have an accident in which you are at fault and only this coverage would cover the repair costs. In addition, in the event of a total loss, as it is a new vehicle, practically all insurers would indemnify you for the new value during the first year and many of them also during the second.
On the other hand, if you want to save money on the All Risk insurance, you can hire it with excess, which will reduce the price of the policy but will force you to face part of the repair. Of course, if you do, remember that many insurers divide the vehicle into five parts: front, rear, left, right and roof. Make sure that your excess of 150 euros (or 300, or 400) forces you to pay 150 euros in total, not 150 euros for each part in the event that the collision has damaged several sides of your vehicle. In this sense, some insurers stand out for offering certain advantages. This is the case of Axa All Risk Car Insurance, which applies a single deductible of 500 euros for scratches. It does not matter how many times you repair the car: you will only pay the first time.