Auto insurance
Auto insurance: a legal obligation!
Automobile insurance has been compulsory since the law of February 27, 1958. It requires owners to insure their motor vehicles which circulate on public roads, whether they are intended for the transport of people or goods. So, if you own a passenger car, motorcycle, truck, trailer, tractor or forklift, don't forget to take out auto insurance that covers you for possible damage to others. This obligation is reiterated by the Insurance Code, in article L211-1, as well as by the Highway Code in article L. 324-1.
What is the minimum subscription required by law?
As "motor vehicle liability" is the minimum imposed by law, the insurer who has caused the damage is therefore required to repair or compensate it through his insurer. It is also referred to as a “third party guarantee”. It provides basic coverage against property damage, physical injury or any accidental damage that may occur suddenly. Paying third-party insurance is one way to pay less for car insurance.
Who is this type of formula primarily for?
If you are hesitating in your choice and in your search for the best possible insurance, the one that will best suit your needs, here are some suitable profiles, which will help you in your future choice:
You have a used vehicle
You own an old car
You only use your car occasionally
You are a young driver
If you recognize yourself in any of these points, you may want to consider purchasing a third party auto insurance policy.
What other guarantees?
Since there are several types of damage, the insured may include in his contract other guarantees which are optional, but necessary. This may be a guarantee that covers the driver in the event of an accident or a guarantee he benefits from in the event of theft, broken glass or fire. Insurance organizations are diversifying their offerings to meet all expectations in auto insurance. The "all risks" is an offer which includes practically all the guarantees!
Why choose an all-risk insurance contract?
If you have the necessary means to allow you to sign an all-risk auto insurance contract, here are the advantages it will bring you:
You will benefit from better guarantees: in short, you will be better insured!
If you've just bought a new car or have a high-end vehicle, you better take it safe.
Taking out car insurance
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