In general the regulations for all types of insurances are like those in Europe.The titles are Compulsory Insurance, Fully Comprehensive Insurance and Compensation Service.
Compulsory Insurance
To make sure that a victim of an accident gets compensation, this insurance is required by law. Driving without it is against the law. The following criteria will apply when calculating the price for car insurance:
Standard : Individual factors :
- type of car mileage per year
- no-claims bonus - age of the car
- regional structure age of the driver
- wage group - user of the car
Even after discounts, for instance 20 years of driving experience, you still get 100% insurance cover.
Fully Comprehensive Insurance
With this insurance you are insuring yourself against accidents caused by you.
The fully Comprehensive Insurance will cover the following risks:
- Accident (e.g. when crashing into a car ahead of you)
- Damage to your car caused by others
- Damage to your car caused by fire or explosion
- Theft or destruction of your car
- Damage caused by storm, thunder and lightning or flooding
- Earthquake protection
- Accidents involving animals
- Broken glass
- Fire caused by electrical faults
In all the above cases you will need to pay the excess stated on your policy.
