The citizens of the Dominican Republic know the need to have car insurance that responds to unforeseen situations. Dominicans know that family security cannot be left to chance in a country with the highest rate of vehicles per square kilometer (about 13.7, while the regional average is 7).
With an immense automobile fleet of 4.5 million vehicles throughout the national territory, it is not surprising that each year there are more than 25,000 injured by automobile accidents.
Given this reality, knowing what auto insurance is and what are the benefits that are obtained when buying a policy becomes an important point. Learn everything about this topic and become an expert in prevention for you and yours.
What is auto insurance?
Auto insurance is a contract offered by an insurance company that financially compensates a driver when he suffers an unforeseen event, such as collisions, traffic accidents or some other accident where physical or material damage is suffered.
The legal document is called an auto insurance policy and the coverage will depend on the previously agreed amount. At the time of signing the contract, the driver will receive a wide variety of options to become a company insured and will receive a range of possibilities to pay without representing a problem for their pocket.
For example, there is a full coverage contract that covers damage to third parties, traffic accidents, collisions and theft. If a driver decides to purchase this policy, he can be calm when presenting an unforeseen event, because he will be compensated to economically face the situation that has occurred.
Benefits of auto insurance
When you wonder what auto insurance is, you also want to know what its benefits will be. Each contract varies depending on the coverage that the vehicle owner decided to purchase; however, here we will introduce you to some of the most common benefits in auto insurance policies.
You will get road assistance
When you buy insurance for your vehicle, you also get peace of mind when it comes to presenting a fault or collision that represents having to call a tow truck to tow the car. Most insurances have a 24-hour towing service to help you anywhere in the national territory.
With this service you will only have to call the insurer’s phone number, report the case, your exact location and receive assistance from one of the units authorized by the company to the workshop of your choice.
Your car will be repaired
By taking out an insurance policy for your vehicle, you get the service of revision and repair of your car after the unforeseen event presented. The insurance company will give you a list of authorized workshops where you can take the car and you will get the attention of a highly trained staff, who will provide you with security and guarantees of good service.
All you will have to do is fill out a form in which you will explain the time and place of the events, how the claim was presented and if there was a review by a police officer.
When you take out a policy, you can decide if your insurance will have the possibility of covering physical damage. In this case, the insured will have the security of paying medical care expenses after suffering a car accident.
Depending on the insurance capacity of your policy, both the driver and the occupants of the vehicle may receive coverage.
Damages to third parties
If the driver of the insured vehicle causes physical or material damage to a third party, the insurance company will pay the expenses caused by the damage up to the amount agreed at the time of signing the document between the parties.