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928 537 730
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email info@aibsl.net
Vehicle Insurance
Why do I need to buy motor insurance? The law requires you to have
motor insurance before you are permitted to drive a car on the road.
All motorists are required to be insured against their legal
liability for injuries caused to third parties (including
passengers) and for damage caused to third parties resulting from
the use of a vehicle on a road. It is an offence to drive your car
or allow others to drive it without insurance.
To obtain a quote we need the following information –
1.
Name or Proposer
2. Date of birth
3. Post code
4 Contact Telephone number
5. Make, model, year of vehicle
6. Modifications and whether a soft-top/ cabrio
7. Approximate value
8. Named drivers if discount wanted
9. Any convictions or accidents in the last 5 years
10. No Claims Bonus to be applied (we can take from
England
To get a free Quote click on
th
An explanation of these is explained in more detail below
There are three main types of
motor insurance policies. The basic level of motor insurance which
you must have is Third Party Cover.
1. Third Party Only. This policy gives
you the minimum cover required by the law. It covers your liability
towards third parties which arise by your vehicle causing them
injury or to property damage out of the use of your vehicle. This
includes cover for your own passengers. This policy offers no cover
for damage to your own vehicle.
2. Third Party, Fire and Theft. This policy
covers your liability towards third parties as in (1) above plus any
damage to your car resulting from a fire or from theft.
3. Comprehensive. This policy is
sometimes called "full cover" because besides covering your
liability towards third parties for injury or property damage, it
also covers your own car against any kind of accidental damage even
if it is caused through your own fault.
4. You may even purchase additional benefits
to top up your comprehensive policy such as breakdown cover (it is
illegal to tow in
The cost and availability of motor insurance cover will be greatly influenced by:
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The type of vehicle and its age and condition. If you require cover
beyond Third Party Only, the type, state and age of your
vehicle are important as they will affect the availability of
spare parts and the level of repair costs. A powerful, expensive
vehicle will cost more in terms of spare parts and repairs.
Imported vehicles may not have a dealer network so spare parts
may have to be imported at higher costs and with delays.
-
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You're past accident record
a clean driving record will obviously result in a lower
premium than that for a person with a record of accidents or
serious traffic violations. .
How do I decide on the value of my vehicle?
The value decided upon will serve as a guide for the market value of
your car and hence the value referred to in the event of a claim.
You should change the value of your vehicle at each renewal unless
you have Third Party Only cover. This reduction in value will reduce
your premium, unless, of course, you already pay the minimum
premium. If you keep the value of your vehicle at an amount higher
than that indicated, the insurer will still pay your claim on the
basis of the market value, not on the higher amount you declared on
your insurance proposal. It is important that you understand that
the indications of value provided by any appropriate guides shows
the values of vehicles on the basis of certain assumptions
particularly those regarding the condition of the vehicle and its
mileage. The value of your vehicle is subject to constant changes
throughout the year and will be affected by various factors some of
which are the mileage, the level of care and maintenance exercised
by the owner, the supply and demand for the particular vehicle and
the particular model and specifications.
Will my motor insurance policy still cover me if an accident happens
when someone else is driving my car?
When you purchase motor insurance you may choose to restrict driving
to yourself and certain specified people such as your husband/wife
or people beyond a certain age. In return you will get a discount.
These are normally called “Authorised Drivers”. If you choose to
allow other drivers under the age of 25 (this is normally the
‘threshold’ age) to drive your car, your premium will increase
substantially. When buying insurance make sure you restrict the
cover to the people you need to allow to drive your car. Remember
their accident record and age will influence your premium. Do not
allow anyone outside this category to drive your car.
What is an "Excess"?
This is the amount of each claim that you pay yourself. It is also
called self-insurance. Normally you are subject to an excess which
can range between 115 euro's and £1,000 euro's for own damage claims
(the excess does not apply to third party liability claims). If the
driver is below the age of 30 the excess could be higher. Similarly,
for claims under the theft section the excess could be rather high.
You may also choose to retain a higher excess yourself in return for
a discount. Therefore, if you cause damage to your own vehicle
amounting to £3,000 and your excess is £500, you pay £500 and your
insurer pays the balance of £2,500.
What is a "No Claims Discount"? Policyholders with a claim free record normally
qualify for a premium discount. The maximum is four years. If you
choose to change your insurer, the new insurer will need to obtain
written confirmation from your previous insurer regarding the No
Claims Discount (NCD) you are entitled to.Vehicles registered in Spain are subject to mandatory Civil Liability cover, in respect of death and bodily injury to third parties, and damage to property.
We can provide third party cover, damage to your own vehicle (comprehensive), personal accident cover for the policy holder, assistance for legal defence for motorists, and travel assistance including repair and recovery of the insured vehicle, and medical and health benefits, all in English.
