Insurance companies increasingly offer us more personalized products that perfectly fit our needs, so there are a large number of types of insurance on the market for all types of people.
It is something advantageous but, on some occasions, can disorient us since we don't know what it is the insurance that best suits our needs.
Thanks to this new type of insurance, we pay only for the necessary coverages although on many occasions it is very difficult to know what insurance we are going to contract among all those offered.
First of all we must have one thing clear. Do we want third-party or all-risk insurance? Third-party insurance is the mandatory minimum and usually only covers damage caused to third parties or objects. On the contrary, comprehensive insurance also covers the damage that our own car may have. Let's look at this type of insurance more depth.
First of all we find the basic liability insurance. This insurance only covers the damages that we cause to third parties in an accident. It is a recommended insurance for vehicles older than six years.
The main reason is because the vehicle it devalues a lot and, in the event of a total loss, the compensation we will receive for the accident is very small.
But within third-party insurance we can also find policies that cover broken windows, theft or fire of our car. In this way we have a much broader coverage with a very small price difference.
The insurance with glass, theft and fire coverage is the most recommended for vehicles that have less than five years and that we cannot afford, or are unwilling, to pay for comprehensive insurance.
On the other hand we find the all risk insurance. This type of insurance apart from covering the damages caused to third parties, also covers all the expenses that our vehicle has. In case our car is less than three years old, it is the most recommended insurance for our car.
There are a large number of all-risk policies on the market, so we must analyze them in depth to find out which one best suits our needs and our pocket. In the same way, it is very important to know the maximum compensation.
In the case of comprehensive insurance, to lower the price of the premium can include a franchise. In this way, in the event of an accident, we must pay the excess and the rest of the repair is the responsibility of our insurer.