Insurance company: Car compensation and note

Most many drivers think that once they have bought insurance, they can get reimbursement from insurance company when unexpected risks happen. The truth is that each insurance contract has many restricted terms or they do not include several additional benefits. Check out this following article to know how to receive compensation after paying premium.

Insurance company: Car compensation and note

Water hammer insurance

The flood in Quang Ninh in July 2015 is an unforgettable experience for many car owners when a lot of car losses were caused by water hammer but the owners couldn’t get reimbursement from insurance company. The reason is that their insurance contract did not comprise water hammer insurance, so only a few damaged cars were reimbursed in that case.

According to a staff of an insurance company, it take only 1 million VND/year for the water hammer insurance fee. It only a small amount of money but customers might not careful when reading contract or they are not consulted.

Water hammer barely occurs but when it does, it destroys cars severely. That is why water hammer is the kind of insurance that insurance company advised customers to buy. Customers are also advised to choose insurance package including water hammer insurance benefit.

Liberty AutoCare insurance

Liberty AutoCare of Liberty insurance company is one of current widest coverage insurances. This insurance prevents you from any risks instead of risks listed in the contract like many other insurances. There are many risks which are reimbursed by Liberty but refused by other insurance companies such as damages caused by cruel behaviors of others, scratches caused by dog, etc.

Contaminated gas problem is one of the most recent controversial restricted terms. As rules included in insurance contract, cars filled with contaminated gas will not be reimbursed. What insurance company will pay are only water hammer, disaster, flame, etc.

Car insurance is believed to be the most common kind of insurance to owners. The thing that we should worried about is that car owners only want to avoid being punised when buying insurance and regulations listed in the contract do not concern them. Their attitudes result in many conflicts, even sues when unexpected risks happen and car owners cannot get reimbursed as they wish.