Road safety - civil liability insurance

Initially, civil liability insurance for drivers was voluntary. They were used mainly by rich people to protect assets as a result of financial civil liability for the damage caused. Only later, when insurance became mandatory, this issue took a back seat, and the most important goal of the insurance policy became the provision of financial security to victims of an accident. OSAGO policy in Kyiv today https://www.polisosago.kiev.ua/ can be purchased easily and quickly.

A brief history of third-party liability insurance

The history of auto civil liability insurance is almost as old as the need to protect oneself from unforeseen events. The first records refer to medieval insurance purchased by shipowners. These policies protected shipowners from subsequent accidents at sea (for example, damage caused by an accidental collision of ships).

Civil liability insurance, which protects the owners of vehicles with an internal combustion engine from civil liability, was introduced in the offer of insurance companies at the end of the modern era (for the first time in England in 1889). This happened almost immediately after the production of the first machine. The policies were voluntary, and their main purpose was to protect the property of the insured. The cause of the accident could lead to the initiation of a civil case and the necessity of compensation for the awarded damage. Later, when the number of cars and other internal combustion vehicles increased, it was noticed that it is no less important to protect the victim, who as a result of the accident could lose not only part of his property, but also his health. It is for this reason that European countries decided to introduce a liability insurance obligation.

What does auto civil liability insurance protect?

Compulsory auto civil liability insurance https://www.polisosago.kiev.ua/ is classified as standard insurance. The policy protects the driver of the vehicle from the consequences of material damage or injuries in the event of a collision or accident. This means that the insured will not have to cover the costs of repairing cars involved in an accident (except for his own car) or the costs of treating the injured.

Liability insurance must be purchased no later than the day the vehicle is registered. The policy guarantees protection for twelve months. After this time has expired, the owner can extend it or cancel it and take out insurance with another insurance company.

Civil liability insurance - what affects the cost

There are many factors affecting the final cost of the insurance policy, and it can be significantly lower or higher. Insurance companies take into account the following variables:

1. age and experience of the driver — according to statistics, young drivers are more likely to cause collisions and traffic accidents, so they pay higher premiums for liability insurance;
2. marital status — observations show that married or divorced people are less likely to be involved in traffic accidents. As a result, the premium of this group is lower than that of singles;
3. the number of children — drivers with children are more careful on the roads, which has a positive effect on the cost of the policy;
4. place of registration and use — car traffic in large cities is higher, so the risk of a collision increases;
5. car brand and engine capacity - statistics show that drivers who own cars that are considered sporty (for example, BMW brands) are more likely to get into traffic accidents. The risk of an accident also increases with an increase in engine power, so owners of sports cars with a large engine volume should consider higher insurance premiums;
6. earned discounts — insurers provide discounts to customers who can boast of many years of driving without damage.

It is also worth knowing what the insurance amount is, i.e. the maximum limit of the insurer's liability under the insurance contract. In the case of auto-civil liability insurance, these amounts can be very high. Thus, civil liability insurance protects the driver even in the event of a serious accident involving many vehicles and people.