Compulsory insurance protects third parties, but does not automatically cover damage to your own car when you are responsible for the accident. Before choosing a policy based solely on price, compare the value of your car, your ability to afford repairs, and the cover you actually need.<\/p>\n\n
Compare your car insurance with CJ Seguros<\/p>\n\n
Request a free quote<\/a><\/p>\n\n Third-party motor insurance is compulsory and compensates third parties for covered damages when your vehicle is at fault. Cover for damage to your own vehicle is optional and can protect your car in situations specified in the policy, such as a crash, collision, rollover, fire, theft, vandalism or natural disasters.<\/p>\n\n It makes sense to consider this option if your car is new, has a high value, was bought on finance, or if a major repair would have an impact you would find difficult to bear. Your decision depends on the value of the vehicle, the cost of the insurance and the specific terms of the policy.<\/p>\n\n Not all own damage policies cover the same incidents. Check whether the policy covers collision, theft, fire, vandalism, natural disasters, glass breakage and a replacement vehicle.<\/p>\n\n The excess is the portion of the loss that you are responsible for in the situations set out in the contract. A higher excess may reduce the premium, but it increases the amount you will have to pay if a covered claim arises.<\/p>\n\n Check the sum insured, the depreciation table and how the compensation is calculated in the event of a total loss. The lowest price may conceal a lower sum insured or less favourable cover.<\/p>\n\n Two policies may use similar names but have different excesses, limits, exclusions or assistance services.<\/p>\n\nWhat is the difference between third-party insurance and own damage insurance?<\/h2>\n\n
Who should consider taking out cover for own damage?<\/h2>\n\n
What you should compare before making your choice<\/h2>\n\n
Risks effectively covered<\/h3>\n\n
Applicable excess<\/h3>\n\n
Vehicle capital and value<\/h3>\n\n
The benefits of comparing cover, not just prices<\/h2>\n\n
Avoiding false equivalences<\/h3>\n\n
Adjust the cover to the car\u2019s actual value<\/h3>\n\n