Insurance of vehicles: types and their differences

Vehicle insurance can be divided into several groups. This is due to the fact that the legal basis for insurance interest can be both the right to own or use the vehicle, and the appearance of any obligations to persons whose property interests, life or health was harmed.

The main directions of motor transport insurance can be considered the following:

• vehicle insurance;

• Liability of owners;

• from accident of both owners and passengers.

The most common options are insurance:

- vehicles that protect the interests of their owners, associated with the car itself;

- civil liability, defending the user's rights before the claims of the injured party.

Until July 1, 2003, in Russia, vehicle insurance was voluntary. Today, any car owner must insure his civil liability. The corresponding law is adopted so that the damage to the victims, their life, health or damaged property is guaranteed to be reimbursed. Now all owners of the vehicle must pay the insurance premium and have a policy, without this document, a car in the territory of the Russian Federation can not be used. The cost of a policy depends on the length of service and the accuracy of the driver, so the car enthusiast is financially interested in road safety.

Car insurance can occur on the following conditions, which include different types of risks.

1. Auto Casco. In the zone of attention of this type of insurance accidents, fires, natural disasters, thefts, theft of parts, the battle of glass, falling of objects fall. Interest can also be extended to additional equipment, which is installed on the vehicle and is its integral part. Tariffs for Avtokasko for works of the domestic car industry in most companies now vary from 5 to 13 percent of the estimated value of the car or from a certain sum insured. If voluntary car insurance is issued for a foreign car, the payment may increase to 18 percent of the price of a new car.

2. "Auto-Kombi". It includes the widest range of risks that can only be associated with the operation of the TS. The Insured is compensated for losses that were caused by loss or damage to the car, causing any kind of harm to the health and life of the victims or their property during the use of the car. Also in the sphere of insurance interests of "auto-combi" is included the harm caused to passengers and the driver, damage to luggage or other things that are in the cabin. There is, however, a clause that luggage insurance does not cover unique or antiquarian items, jewelry made of precious metals, semiprecious and precious stones, objects of worship, collections, manuscripts, paintings, securities and money, documents and photos. Do not apply to personal luggage things that are not the property of the insured's family or intended for sale.

3. Liability insurance. This type of insurance is made in accordance with the new law of the Russian Federation on the mandatory insurance of liability of vehicle owners. For citizens of the Russian Federation, this type of insurance is mandatory, as well as for foreign citizens residing in Russia. The subject of liability is damage caused by the driver to the property, as well as to the health and life of people as a result of an accident.

4. Insurance against a variety of accidents, the second title is insurance of places. Its object is the life and health of the driver and passengers. A contract is concluded either according to the system of seats (the amount of insurance is determined for each place in the TS), or on a lump-sum system (for the entire car). Security is paid in the event that as a result of an accident death, disability or disability occurs more than 4 months.