Motor vehicle insurance is one of the most common forms of insurance that provides coverage for damage to the vehicle or liability damage arising from the use of the vehicle to third parties.
Vehicle insurance is contracted for motorized road vehicles such as cars, trucks, trailers, motorcycles or work machines. Given that damage to vehicles and damage from the use of vehicles are the most common type of damage, it is recommended to insure the vehicle fleet and work machines, while liability insurance for road vehicles is mandatory.
Considering that investments in the vehicle fleet represent a significant part of the budget of every company, it is important to insure the vehicles in order to avoid unexpectedly large additional costs due to damage or destruction of the vehicle. By installing a deductible or integral franchise, savings are achieved on the insurance premium, and vehicles are insured against unexpected major damages.
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