Auto insurance contract
The automobile insurancecontract is defined by conditions, which are divided into two categories: general conditions, and special conditions. And
A Good reading & clear understanding of the stakes of these conditions are essential to be able to choose the right auto insurance contract.
Auto insurance contract: definition and challenges
The auto insurance contract is the official document that binds the insured and the insurer, specifying in a contractual manner the duties and obligations that unite them to each other. The insurer details its duty to compensate the insured in the event of the occurrence of certain risks, while the insured finds therein his obligation to pay a contribution in exchange for this coverage.
The various guarantees subscribed are also present in the contract, which are usually divided into three levels of cover:
The weakest guarantee only covers the compulsory Third Party Liability of the driver, and it is called third party guarantee;
You can then add specific guarantees, such as protection against fire or theft to this Civil Liability guarantee: this is the extended third party insurance;
Finally, multi-risk or all-risk insurance is the most comprehensive and the most expensive since it includes all the guarantees.
Auto insurance contract: conditions
The general conditions of the contract set the terms, including the delimitation of guarantees (limits and extensions of guarantees). The special conditions personalize the contract, and are specific to each contract. It is therefore vital to fully understand these guarantees before responding to an offer.
The general conditions are similar for all contracts insuring the same risk, and they are set by the Insurance Code. They also specify the procedures for declaring a claim and the compensation procedure provided for.
The special conditions include all the personal information concerning you: contact details, premium to be paid, deductibles, exclusions of cover (expressed in the form of exclusions, or limits of cover).
Auto insurance contract: practical advice
Make sure you understand the conditions of your contract, and do not hesitate to inquire if necessary, before subscribing;
Be aware of the general conditions before looking at the specific conditions, because they are the ones which determine the field of action of the seconds;
First of all, compare the offers on an insurance comparator which will select for you the best contracts on the market at the best price.
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