Car insurance: how many types are there?
The emotion of having our own car is indescribable, we want to show it off and take it everywhere, to work, to the supermarket and sometimes even to tortillas, although it is not always the most appropriate, but we forget the most important thing, great power. always carries great responsibility.
We say this because usually, we do not take into account that when buying or having a car, we must insure it for our protection and that of our environment, because with each kilometer that we advance we run the risk of having some mishap; In addition, having an insurance policy is mandatory and not being insured can cost you a fine that ranges from $1,500.00 to $6,000.00 .
For this reason, and although you did not ask for it, we explain in detail everything you need to know about the car insurance that currently exists by the time you have to choose one.
1. Civil Liability
Take into account that this insurance is the most basic and only covers damage caused to third parties during an accident, that is, it will not cover losses caused to your car, nor physical damage suffered by you or your companions, no matter what. you are a responsible driver and you did not cause the accident.
2. Limited Coverage
According to data from the National Commission for the Protection and Defense of Users and Financial Services (Condusef), limited coverage insurance is the most common in Mexico, offering all the coverage of civil liability insurance.
In addition, it offers us to cover the medical expenses of the insured and their companions at the time of the accident, as well as ambulance services, hospitalization and expenses for funeral services in the event of death.
This insurance also covers car theft and depending on the case, it can replace the unit or grant a high percentage corresponding to the commercial value of the car, that will depend on the agency with which you have the insurance.
3. Broad Coverage
One of the most complete car insurance for your car in the event of an accident fully covers physical or material damage to the vehicles involved in the accident, as well as their companions.
In addition to total theft and roadside assistance, this insurance has coverage for damages by third parties without insurance, substitute car and even an extension of civil liability, this means that, even if you drive a different car from the one registered in your policy, you still have the benefits contracted in your insurance.
4. Plus Coverage
To provide greater protection to users, some auto insurers offer coverage with high-level extensions, among which we can find:
Legal Aid Extension
This provides greater legal protection in case of having a process against you and in most cases, you have the support of private and specialized lawyers. That is, you will not have to worry about anything in this regard.
Extended support services
This coverage must include towing service for the transfer of your car, medical help, lodging expenses and a spare car while the damaged one is being repaired. Sounds good right?
Loss of the car due to property damage
In case of having an accident and the insurer estimates that the repairs of the car exceed 75% of the commercial value, a total loss is declared. With an extension of this type, the insurer must pay between 80% and 100% of the value of the car.
If you are looking for the best option, wibe is it. Click and quote the auto insurance you deserve.