Car insurance is one of the most expensive and heaviest expenses that citizens’ pockets have to face: yet, they are an obligation but also an advantage.
As everyone knows, although anyone would like to avoid it for their whole life, in the event of an accident, it is precisely the insurance coverage that is obtained from policy to protect us.
If there was an accident and a dispute, in fact, as they say, the insurance intervenes within ceilings: yes, but precisely, what are the maximums?
This is one of the most relevant aspectswhich must be considered when dealing with Auto TPL, especially to understand entities, function and limitations.
For some, in fact, the main crux of Auto liability insurance it’s right here: as if, precisely, beyond the damage there is also the insult. In what sense?
Ceilings and limits, what to know
You pay for your policy, of course, and think you’re always covered. But this is not the case: in truth, the RC Autoor it doesn’t cover for more serious accidents: it’s a fine print clause, but it matters. The point is all here: what happens if you exceed the famous ceilings? What happens, and how do you act if the value is higher than what the insurance contract guarantees?
The limits are the maximum amounts of compensation that are established when the agreements are signed between the parties, and that each insured must know before signing: they can be fixed, variable or unlimited. The higher they are, the more the policy costs, obviously. the minimum value is defined by law, and corresponds to 1 million and 300 thousand euros for damage to property e 6 million and 450 thousand euros for damages to persons, for a total of 7 million and 750 thousand euros. However, the damage is estimated ‘per accident’, not per person: therefore, the more people involved, the more the sum is divided.
And what happens if the maximum limits are exceeded?
If the accident is serious, and is greater than the limit, the responsible insured must pay dI own the difference out of pocket between the share that pays the company and the total value of the damage suffered: and since we often talk about enormous figures, this is the real crux of the matter. How do we get out of this point of view?
The insured has the possibility, depending on the case, to also subscribe to policies with limits slightly higher than the minimum, paying a higher amount but placing himself under greater protection, or he can choose to extend the ceilings fup to higher values, although this may also depend on the famous one merit class. The higher it is, the more trust the company has.
