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There is a basic mode, whose recruitment is compulsory for all vehicle owners, called for it compulsory motor insurance to cover the liability of the owner and driver of the vehicle in the case that they are not the same person for damages and injuries caused to third parties. It also includes legal expenses up to certain limits. This mode is regulated in detail by state regulations.
Along with this basic mode can hire other volunteers accessories: what is called voluntary civil liability insurance covering any compensation to third parties beyond the amounts covered by compulsory insurance; insurance occupants, the same as above but specifically for vehicle occupants; own insurance or all risk insurance damages, for damages that may occur to the insured's own vehicle; moons insurance for damage to the moons of the vehicle itself, is a subspecies of the former; the driver accident insurance, which is insurance on the life of the driver himself, since it is not covered by compulsory insurance; the legal expenses insurance as it is not covered by compulsory; travel assistance, etc.
There is also the variant "duty" that is mostly used in car insurance all risk that instead of paying the entire incident, it only from an amount which supports the insured.
Why buy insurance for the vehicle?
In addition to the SOAT it is important to have insurance that covers the vehicle and its owner or operator, as having insurance is the simplest way to protect your assets.
Basic coverage includes: Tort Liability, damages to people, damages to things. Legal assistance in criminal and civil proceedings.
A partial loss of car insurance are damage caused by an accident or malicious acts of third parties or disappearance of parts or damage resulting from theft when: spare parts + labor + taxes do not exceed 75 %.
A total loss if the damage is over 75%.
In Mexico car insurance, it is indeed a contract, which covers the risks (accidents) in which a vehicle can be involved regardless of whether this is being driven or parked.
No basic types, called hedges and their characteristics are:
Liability Coverage: This coverage only covers damage or injury caused by the vehicle that is insured to third parties either on their goods or persons are excluded vehicle theft and damage.
Limited coverage: This coverage covers damages or injuries caused by the vehicle that is insured to third parties either on their property or persons and is also covered vehicle theft in this coverage are not covered damage of the insured vehicle.
Comprehensive coverage: This coverage covers damages or injuries caused by the vehicle that is insured to third parties either on their property or persons is covered vehicle theft and damage are covered by the insured vehicle.
In all cases the covering legal expenses are covered.
In each including legal defense coverage it is specified the amount by which the insurance company will respond.
It has other coverage that each person chooses like the above if you need them or not, these are:
Adaptations or conversions
The driver accidents
Roadside Assistance
Unfortunately in Mexico it is unregulated which all vehicles are equipped with safe, but you should have one, at least coverage of Civil Responsibility (CR) as this would greatly help the person who unfortunately is involved in an accident and being responsible for it, to be uninsured apart from losing their heritage, have to pay damages and hiring at least one safe with this coverage the insurance company pay the damage caused to third parties.
The insurance is that car insurance besides covering damage to third parties, the insurance is compulsory by law, own damage, namely the car. Really there is no standard model of insurance and each insurance company has its own commercial products but in general, in addition to damage to the vehicle, it is common to offer other supplementary insurance and driver insurance, voluntary liability, legal defense and claims for damages, mechanical assistance, roadside assistance, theft, fire, moons, replacement vehicle, coverage for lost points, etc.
The insurance contract is the agreement by which one party, the insurer undertakes to compensate for damage or to pay a sum of money to the other party, the policyholder, the event to be verified under the contract, in return for payment of a fee, called a premium, by the policyholder. The insurance contract may cover all risks if insurable interest exists, unless expressly prohibited by law.
The contractor or policyholder, you may agree or disagree with the insured, for its part, undertakes to make payment of the premium, in exchange for the cover granted by the insurer, which prevents him face greater economic damage, if the loss occurs.
The insurance contract is consensual; the mutual rights and obligations of the insurer and policyholder, start from that convention was held even before the issuance of the "policy" or document reflecting details and conditions of the insurance contract.