frequently asked questions about vehicle insurance

In this article, we will learn about the top 10 questions that some may ask, which are as follows: What is comprehensive car insurance? It is an insurance program that covers loss or damage to the insured car or any injuries that may be caused to it, including additions (accessories), damage to rain, torrents and natural disasters, where the insurance company, according to the comprehensive insurance policy of terms and conditions, compensates the owner of the vehicle for the loss that occurred to his vehicle. What is third party car insurance? It is compulsory insurance according to the traffic regulations in the Saudi Arabia and a number of countries in the world, so that the owner of the car insures his car against damages that may be caused to others / the third party / affected by the accident that you caused and resulted from your fault. This insurance coverage includes, for example: Physical damage to third parties inside or outside the vehicle. Physical damage to others. Who is the insurance broker? Answer: A legal person who negotiates with the insurance company for a fee to complete the insurance process for the benefit of the insured, such as the Gonsure platform via the following link: https://www.gonsure.com What is meant by endurance value? Answer: An amount borne by the insured, which is deducted from the compensation due to him in the event of a covered risk occurring within the limits of the policy, provided that the two parties (the insurance company and the insured) agree on this liability and stipulate it in the insurance policy schedule. What are the coverage limits in car insurance? Answer: The amount of coverage mentioned in the policy represents the maximum liability of the insurance companies for the compensation that the insurance companies will pay to the insured or others. What is the depreciation rate for car insurance? Answer: Compensation for the actual value of the damage incurred as a result of the covered loss, taking into consideration the expiration date of the consumable spare parts and deducting it from the compensation value. What is the no claims discount? Answer: A deduction by which the insurance premium is reduced for the next year due to the fact that the insured did not submit a claim to the insurance company and his record was free of accidents during the previous insurance year. Who are the parties to the insurance contract? Answer: The first party is the applicant for insurance and is called after the validity of the insurance contract (the insured), and it is the natural or legal person (companies) who obtained the insurance policy from the insurer. The second party is the insurance company and is called after the validity of the insurance contract (the insurer), and it is A public shareholding company licensed by law to practice insurance or reinsurance activities or both. What is an insurance certificate? Answer: A document granted by the insurance company in car insurance against others, showing the information of the insured and the details of the insurance policy. - What should the applicant do before signing and receiving the insurance policy? Answer: It is important to review and familiarize yourself with the terms and conditions of the policy before contracting, and the insurance applicant must review the conditions and exceptions contained in the document provided to him, and not be satisfied with the explanation of the insurance company’s representative, as well as review any additional conditions or appendices that may be attached to the policy, and ask what He forms terms or concepts on him, in order to avoid disputes that may arise in the future as a result of his misunderstanding of the coverages and exceptions contained in the document.