631
In our age, cars have long ceased to be a luxury item, but in terms of the popularity of monetary values, they are second only to real estate. Hence the large number of traffic-related crimes. If you look at the statistics of traffic accidents, the conditions of banks for insurance of loaned cars seem to be well-founded.
With or without insurance?
Nowadays, buying a car on credit without mandatory insurance is a rarity. Rare banking institutions issue a car loan without CASCO and even under very strict conditions, such as: a large down payment, an interest rate, and most often shortened credit terms. Banks' requirements are clear: they don't want to lose funds and, in addition to the standard "car insurance", they force you to purchase CASCO insurance. This policy itself does not carry anything bad, except for expenses, because it is the protection of one's own transport from various troubles. But when choosing a lending bank, it is necessary to take into account many nuances in order to issue insurance at a reasonable price.
Where is the best place to get insurance?
It will be ideal auto citizen on autobooking.com , which is trusted by numerous clients across the country. This will help to avoid huge interest rates offered by the bank for its own reinsurance. However, if the bank is suitable for you in all conditions, do not rush to refuse. It would be better to consider the proposed conditions, to be interested in the recommended insurer in more detail, to find out its tariff rates, in general, to study the bank's offer from a variety of angles.
Important points in your car insurance
The price of the policy is largely influenced by the wear and tear factor of the car. Each hour of operation will cost less than the previous policy. Hence the difference in the cost of an insurance policy and insurance for a pawned car. But it is worth mentioning that this rule does not apply to loan cars. That is, when issuing a car loan for three years, the Casco price will not change during this period.
There is another nuance that becomes unexpected for the borrower. In case of trouble with your car, which is covered by the insurance, the compensation will not be paid to you, but to the bank that issued you the car loan. It seems that this is not justice, but it is worth remembering that the loan will have to be paid until it is fully repaid. In other words, if you didn't buy insurance and something happened to your car, you won't have a car and you'll owe the bank. In the event that you issued CASCO, the bank's debts will be covered by the insurance agent.
