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All-risk auto insurance: how does it work?
You have a four-wheeled vehicle and you already have auto insurance for your vehicle, but comprehensive coverage is not included. This insurance formula is however essential to have optimal and comprehensive cover in the event of problems on the road, on your usual journeys or on vacation. How does all-risk auto insurance work? What is the difference with a third party insurance contract? Why choose comprehensive auto insurance? What is the cost of comprehensive insurance for my car? The answers to your questions can be found here.
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Summary
All-risk auto insurance: definition
What is the difference between third party auto insurance and all risks?
All-risk auto insurance: contract and guarantees
How much does comprehensive auto insurance cost?
How to make quotes for all-risk auto insurance?
How to cancel all risks auto insurance?
All-risk auto insurance termination letter: our free template
Faq
All-risk auto insurance: definition
Taking out an auto insurance contract including civil liability coverage is mandatory to compensate victims when you are responsible for an accident. The Insurance Code requires any driver of a land motor vehicle, even if he is not using it, because an explosion or fire can occur in the automobile and the surrounding damage can be significant.
In addition to complying with the law, having comprehensive auto insurance gives primary drivers all the guarantees they need to protect you and others. This is the superior formula to third party auto insurance. In particular, it offers theft and vandalism, fire, glass breakage or legal protection guarantees.
Without minimum auto insurance, you risk a crime that can result in a fine, suspension of your driver's license or general interest work.
What is the difference between third party auto insurance and all risks?
Third party auto insurance is the basic formula that includes liability coverage and sometimes criminal defense and recourse coverage, according to the insurance company. Basic coverage, this formula is the simplest and cheapest, as it only compensates for physical and material damage caused to third parties during a claim.
Third party auto insurance will not cover you in the event of a responsible accident.
All-risk auto insurance is therefore the best solution to be well insured, however the third party formula is sufficient in certain cases:
you own an old or used car: the insurer's compensation will only be paid on the value of the car in Argus, which is economical when this is low;
you own a little-used vehicle;
you are a young driver, a driver with a penalty or with a terminated insurance contract;
you have few financial resources.
Choosing between third-party and all-risk auto insurance depends on your specific needs.
All-risk auto insurance: contract and guarantees
Why take out comprehensive insurance?
You will understand, the all-risk auto insurance contract is the one you need to be fully insured! Taking out this contract is particularly relevant if:
your vehicle is new or in very good working order;
you have a modern automobile with various technological elements and / or expensive accessories;
you use your four-wheeler intensively and with long distances.
Taking out an all-risk policy will allow you to benefit from better guarantees, personalized assistance, higher reimbursement limits, and to be compensated more quickly than with a conventional or third-party auto insurance policy.
What are the basic guarantees?
The guarantees offered by this formula are diverse, such as:
damage: any accident regardless of the circumstances of the accident and / or collision with another vehicle, a pedestrian or an identified animal;
glass breakage: can be extended to side, rear, roof, headlights or exterior mirrors;
fire and explosion;
theft and vandalism;
storm ;
natural disasters, such as floods or earthquakes and technological disasters, such as the transport of hazardous materials;
terrorist attacks and acts;
legal protection
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