Car Insurance in Spain
Do you know the basics about car insurance in Spain?
If driving, know how much madness on the streets. Accidents happen, the stalls are broken and people get hurt. Or it may happen that innocently parked in the driveway and a tree falls on your windshield. When disasters happen, car insurance should be there to protect him.
Why hire car insurance in Spain?
1. Car insurance protects you against financial risks associated with damage to persons and property caused by car accidents, theft, vandalism, or natural disasters
2. Every car in Spain must have a minimum amount of coverage (Liability Compulsory). Other types of coverage are optional
3. If you have a loan on your car, usually the lender will require you to purchase a certain minimum amount of coverage
Mandatory Liability Coverage
As mentioned above you are required by law to hire a minimum amount of coverage. The primary purpose of obligatory civil liability is that the insurance company assumes responsibility for damages to third parties, either Collision (another car, wardrobe, etc.) or physical harm to people (running over a pedestrian). That in the event of an accident is run into a bankrupt is not made liable to pay damages.
This coverage insures both as the person driving the car owner, or any person who drives the car will be covered whether or not the owner adequately protected, you can hire a lot more than the minimum coverage required Spain.
1. Safe Driver: The person driving the car will be covered if the cause of the accident
2. Legal Defense: Covers costs that may appear after a trial
3. Travel Assistance: In case of an accident, vehicle breakdown or accident during a trip this coverage provides necessary assistance
Does the insurance company pay for everything?
That would be great! But not always. Here are some things that will always have to pay you.
* Franchise: The contract of insurance, minimum amount of harm, from which arises the obligation of the insurer
* Exclusions: Events or situations your policy specifically omits from coverage, such as damage to property or personal injury you intentionally cause to others or damage to your own car by mechanical failure
It is important to research the market for car insurance in Spain. Insurance premiums for the same coverage in the same car can vary widely among different insurers. A particularly good time to investigate your alternatives is when your insurance policy must be renewed, but you can change your policy whenever you like. Get interviews with reputable insurance companies, but do not let price be your only consideration. Make sure that the coverage offered by each insurer meets what you need, and find out if the insurer has a good record in the industry (contact the Department of Insurance and Pension Funds for more information).
