Why is car insurance compulsory?

Insuring your car is a responsibility for all drivers who use French roads. But contrary to what you might think, basic car insurance is not used to protect the vehicle. Desired since 1958 and regulated by the Insurance Code, motor insurance was created on the basis of legislation to repair damage caused to third parties and passengers.To insure a boat, you will have to discover the site https://www.onlyyacht.com/ .

Automobile insurance for third parties

Very simply, “third party” insurance, also known as motor liability insurance, is the most basic type of contract to insure your vehicle. This is the minimum amount of automobile insurance required by law. It is therefore the cheapest insurance coverage for motorists. As the most basic policy, third party auto insurance offers only limited security. Under its own civil liability policy, it only covers bodily injury and bodily harm that may be inflicted on a third party in the event of a loss for which you are liable. The damage you have caused is not covered. In real terms, in the event of a responsible claim, you will have to finance the repairs to your car and compensate your own bodily injuries. For boat insurance, it will be necessary to contact a professional experienced in this field.

Insure your car in all risks

All risk” insurance is in contrast to third party insurance policy, which is a mandatory minimum insurance combined with a “civil liability policy” and only covers damage caused by other persons. Unlike the latter, an all-risk insurance plan provides coverage for your repairs in the event of damage or deterioration caused by a third party or by yourself. Therefore, when you are liable for the damage caused, you get compensation, but this insurance also has its own limits. Make no mistake about it, the wording “all dangers” can be confusing because it does not cover everything. Especially since you will need to purchase optional coverage to complete your coverage. But even if you purchase “additional coverage”, you should be aware that exclusions are provided.

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