Auto Insurance: The Choice Of The Guarantee – Auto Insurance Companies In The Woodlands

Anyone who puts a car in circulation must take out car insurance in the woodlands. There are several types offering different levels of guarantee: the third and all risks are the best known.

The mandatory minimum is “third party” insurance but your insurer will offer you other, safer options. Here are some pointers that will help you make a choice.

The minimum compulsory car insurance in the woodlands guarantee: “third party” insurance

“Third party” or “third party” insurance is the mandatory minimum formula that any vehicle owner must subscribe to. It guarantees all material and bodily accidents caused to others whatever the responsibilities. The car insurance in the woodlands covers people who are not in the vehicle as well as people transported in the car (including members of the immediate family). Are excluded:

The driver, the owner, the underwriter of the contract (the latter two may, however, be regarded as third parties when they are only passengers of the vehicle)

Persons transported in unsafe conditions (no wearing of seat belts, exceeding the maximum number of passengers …)

Passengers transported for a fee.

The “theft-fire” insurance:

The “fire-theft” insurance includes, in addition to civil liability, a guarantee against theft and fire of the vehicle. It allows to be compensated for the amount of the value of the car on the day of the theft or the accident. In case of theft, if the vehicle is found before the payment of compensation, any damage will be refunded.

“All risks” insurance:

The “all risks” insurance covers any damage caused to others, but also all the damages suffered by its own vehicle during an accident. The compensation does not exceed the estimated value of the vehicle on the day of the accident, even if the repair costs are higher. The “all risks” formula generally includes certain additional guarantees, such as broken windows, climatic events or acts of terrorism. This is the safest formula.

Choose your car insurance

Beyond your desire for safety, the Argus rating of your vehicle will participate in determining the opportunity to subscribe to a guarantee “all risks”, “third party” or “theft-fire”. Indeed, in all cases you will be reimbursed by the insurer to the value of Argus your vehicle. This, in the case of a vehicle older than 5 years, can be low compared to the cost of an “all risks” formula. On the other hand, if your vehicle is new, this one seems the most adapted.

Additional guarantees

Car insurance in the woodlands are increasingly offering additional guarantees to better protect passengers and their cars. You can choose one of the above formulas. Here are some examples:

The warranty “damage all accidents”: it provides for the reimbursement of any damage to your vehicle as a result of an impact with a fixed or mobile body (other vehicle, animal, tree …) or a payment (barrel). If the repair exceeds the value of the vehicle, estimated by the expert on the day of the accident, the compensation will be limited to this value.

The “personal injury” guarantee: it better protects the driver and passengers in the event of an accident. It covers the cost of care, temporary disability, disability and death.

The “legal protection” guarantee: with this guarantee, the insurer undertakes to take charge of your defense if you are sued in court or if you are summoned before the driving license withdrawal commission and to let you choose your lawyer. The action in liability against the author of an accident of which you have been victim will also be at his expense.

Auto Insurance Termination Letter: Letter Template

The cancellation of a car insurance in the woodlands contract is imperative by registered letter with acknowledgment of receipt. This can be done at the end of the first year of subscription, and at the end of the anniversary date of the contract.

Leave a Reply

Your email address will not be published. Required fields are marked *