The benefits are not small from buying Car Insurance

The benefits are not small from buying Car Insurance

What is two-way auto insurance?

Two-way auto insurance is a simple understanding that includes both civil liability insurance and car physical insurance. The coverage depends on the insurance package and the auto insurance premium that the buyer chooses provided by the insurance company.

If one owns a car, the purchase of car insurance is mandatory according to the law. However, there are many types of auto insurance that you need to know to insure your beloved car. In particular, two-way car insurance is also being interested by many car owners.

This is a very necessary type of insurance for car use, when participating in two-way insurance, in the event of a collision causing damage or theft, the insurer will cover the expenses. Damage repair fees help you be more financially active and feel secure in using your vehicle.

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Benefits of two-way auto insurance

The benefits are not small from buying Car Insurance

Buying two-way auto insurance helps you to be more financially active, more secure when your car is safe. Specific benefits of civil liability insurance and auto insurance:

Civil liability insurance

Civil liability insurance, also known as insurance for damage caused by the use of a vehicle to a third party (third party civil liability insurance), the third party here is understood as the person who suffered the damage. bodily and property damage caused by the insured vehicle, except for the owner and co-driver (if any).

This is an insurance package that motor vehicle owners indemnify a third party when an accident occurs, an incident that causes loss of life and property to a third party caused by the use of a motor vehicle. This is compulsory insurance.

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Car insurance

When buying car physical insurance (insurance for damage to the vehicle itself), the insurance company will compensate for physical damage to the vehicle caused by unexpected accidents beyond the control of the owner. vehicle, driving in case of collision, fire, explosion or force majeure such as storm, flood, landslide, lightning strike, earthquake, hail, malicious actions of others and whole car theft… This is voluntary auto insurance.

In addition, the insurance company also reimburses the vehicle owner for reasonable expenses for:

Prevention costs limit additional losses.

The cost of saving and transporting the damaged vehicle to the nearest repair place, but not exceeding 10% of the insured amount