What are the Insurance Types

What are the Insurance Types – Accident rates on highways, which are the most used transportation method in the world, are quite high. In addition to the Compulsory Traffic Insurance, it protects you and the people around you to a great extent against unpleasant situations that may occur as a result of a possible traffic accident.

Before talking about the types and features of motor insurance that vary according to limits and guarantees, “What is Motor Vehicle Insurance?” It is helpful to answer the question.

What are the Insurance Types

What are the Insurance Types

What is Casco Insurance?
Your Motor Insurance Insurance covers the damages to your vehicle while you are driving or parked, or the physical damages that will happen to people in a traffic accident, which we hope will not happen to you. What is Casco Insurance, What Does It Do? You can find more detailed information in our article. However, it is important not to confuse Motor Vehicle Insurance with Compulsory Traffic Insurance.

Traffic insurance; It is a legally obligatory type of insurance that covers material damages on the other party as a result of a traffic accident that you are at fault, in line with the guarantees and the limits specified in the policy. If you want to get detailed information about Compulsory Traffic Insurance, “What is Traffic Insurance?” You can read our article.

In addition to your safety in traffic, many situations, from theft to natural disasters, from the risks you may encounter in the parking lot to the damages that may occur after social events such as strikes, are covered within the guarantees and limits thanks to the Motor Insurance Insurance. However, the criterion that determines how much of the damage will be covered is your insurance type and additional coverage, if any. For this reason, it is useful to know which insurance type covers which guarantees.

So, let’s explain what are the types of insurance.

What are the Types of Motor Car Insurance?
It is important to determine the type of motor insurance and additional guarantees that are suitable for your budget and demands before you take out motor own damage insurance. Insurance types are formed within the framework of the main insurance coverages. Therefore, first of all, “What are the main insurance guarantees?” Let’s answer the question.

The main guarantees of Motor Car Insurance are as follows:

If your vehicle is in traffic or parked, another vehicle hits you.
Colliding with a motorized or non-motorized vehicle in traffic
Burning your vehicle
Theft of your vehicle or its parts
The guarantees included in the motor insurance policy can be shaped according to the budget and demands of the drivers. However, there are basically 4 types of insurance with certain guarantees. These; Narrow Insurance, Insurance, Extended Insurance, Full Insurance.

Narrow Insurance: Also known as mini insurance, it is the insurance that does not include one or more of the main insurance policies mentioned above. In other words, we can say that the coverage of narrow insurance is limited and therefore the insurance premium is low.
General Insurance: This type of insurance, also known as Standard Insurance, is a standard policy that includes all of the main coverages mentioned above.
Extended Insurance: It is one of the most preferred types of insurance and includes all of the main insurance coverages. In addition, it includes additional insurance guarantees that secure many problems from natural disasters to damage to your vehicle abroad, from damage by rodents and other animals to problems caused by incorrect fuel filling.
Full Insurance: It is the type of insurance in which all of the main coverages are included and all additional coverages are included in the policy. The difference between Full Insurance and Extended Insurance is that the additional coverage in the policy is wider.
You may have also heard the expression “full insurance” used in everyday language. “What is full insurance?” Let’s clarify the question. In fact, there is no official type of insurance under the name of full insurance. Usually this expression is used to express Full Insurance.

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