Vehicle accident insurance
Vehicle accident insurance is either taken out in a complex range of insurance, so-called “all risk” insurance, or for selected risks, according to the insurer’s offer. In the case of all risk insurance, cover is provided for the damage or destruction of the insured vehicle, especially:
- crashes – by hitting, by falling, by vehicle impact
- acts of God in the range of associated acts
- theft
- unauthorized use of the vehicle
In connection with the insurance of motor vehicles there is a valid system of bonuses and penalties, where a bonus represents a discount for no claims being made in the course of the insurance policy and a penalty a surcharge on the insurance premium in the event of the payment of an insurance benefit from the policy. A similar system can also be used with other categories of insurance, where this is strictly defined in the provisions of a concrete insurance contract (for instance, providing a discount for property insurance in accordance with a positive damage claim history). When insuring vehicles the bonus/penalty system is introduced directly in the insurance conditions of individual insurers in the area of vehicle insurance.
