Physical Damage Insurance of Motor Vehicles

INSURANCE AND MATERIAL DAMAGE OF MOTOR VEHICLE

Physical damage insurance of motor vehicles (hull insurance) insurance object is itself a motor vehicle in traffic, including vehicles hull and machinery and equipment on motor vehicles.

For insurance, motor vehicle to ensure the technical conditions and legal for circulation as: The vehicle owner must be sovereign authority granted registration, sea control, certification safety and environmental engineering,

Motorized vehicles are composed of many components and machinery parts such as: engine, hull parts, tires, windshield, gearbox. Therefore, the insurer has put the types of insurance such as whole car insurance, insurance for a part or several parts of the car (broken business insurance, hull insurance car).

The costs are reasonable and necessary to prevent, limit losses incurred more, protect and repair the car arrived and loss adjustment expenses incurred when an accident within the insurance business will be compensation insurance for insurance buyers.

The risk of physical harm yourself car insurers are liable to pay:

• The risks associated with the operation of vehicles: collision, subversive.
• The extraordinary risks: Fire ... etc.
• The objective risk of natural origin: Hurricanes, floods, earthquakes, lightning, hail, landslides.
• Objective risk of social origin: Loss level, smashed.

An insurer will not insure and is not responsible for compensation for losses and expenses follows:

• These losses, costs incurred in the event of violations of law or severity of risk increases: Attempt accident vehicle owners, driving; driving without a license or without a valid; use and driving while under the influence of alcohol, drugs or other substances in the control; no vehicle registration and protection of the environment valid (certificate of technical safety and environment); vehicles carrying flammable or explosive substances illegal; truck tonnage than the number of passengers or regulations; ride on the road that goes night lights; vehicles used to practice driving, racing, testing

• These losses, costs incurred due to the risk of taking "  political  "with widespread consequences: war, terrorism ..

• Unless separate agreement, insurers will not be responsible for compensation for losses, costs incurred are not the result of random incidents, objectivity, losses related factors subjective of all vehicles in the management and maintenance of vehicles, such as natural wear and tear, decrease quality, defect or malfunction due to spoilage due to repairs; damaged electrical parts of machinery or equipment, including radio, air conditioning, tires damaged without causing accidents

• These provisions exclude other private: The accident occurred outside the territory (except special arrangement); the damage caused by indirect consequences such as reduced commercial value, loss of income due to reduced production stops, discontinue use (exploitation)