With interesting facts and news about your car insurance!
Relevant areas of law for drivers
The law covers many areas. Regarding the car and its drivers, the motor vehicle law is relevant. This includes several sub-areas. The rules contained therein are for our protection or give and regulations that we must abide by so as not to run afoul of the law. What things do we as drivers and car owners have to consider for legal security and where do law firms help us out with it?
Young – and oldtimer insurances – what to consider?
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Unlike a new car, which loses about 20 percent of its value after just a few miles, the situation with classic cars is the other way around. The older the vehicle, the more valuable it becomes. To determine the optimal value here in terms of insurance, it requires an expert opinion.
Here, the value can increase from year to year and for this reason, the former purchase price cannot be applied as the basic insurance, as it would be for a new car after an accident or theft. A classic car that once 30.000 DM, can now easily cost 120.be worth 000 euros. Therefore, to determine the value only a classic car insurance can be considered.
Comprehensive insurance pays for optional extras, but the details matter
Cars are insured on Germany's roads. Mandatory is the motor vehicle liability insurance. In addition, car owners have the possibility to cover self-inflicted damages caused by negligence, hail and vandalism through a voluntary comprehensive insurance policy. It also pays in case of loss of your own car due to theft. The general conditions are clearly defined, but in the event of damage, the cost of the special equipment is guaranteed?
What to do when a stolen car is recovered?
In Germany, more than 40 cars (average 2018) are stolen every day. Professional car thieves can steal a car in less than 1 minute. However, every car owner can make life difficult for potential thieves with just a few measures. To prevent car thefts, a wide variety of mechanical and electronic protection systems have been developed. GPS theft protection, alarm systems, steering wheel and gear shift locks, parking claws, valve guards and co. are intended to prevent the theft of a vehicle. But these measures cannot entirely prevent a vehicle from being stolen anyway. Usually the stolen cars then disappear never to be seen again and only a few vehicles are recovered. When it is determined that a vehicle has been stolen, the theft is usually reported to the police station and, if necessary, criminal charges are filed, the insurance company is informed and the vehicle is deregistered at the vehicle registration office.
Save money on car insurance with these tricks!
In 2016, the German Insurance Association, or GDV, calculated the classes for about 27.000 car models new. In 2017, this results in reclassifications for one to three percent of vehicles and thus higher insurance costs for owners. Specifically, this affects drivers of SUVs and luxury vehicles.
To lower your car premium, for example, do a targeted insurance comparison. Switch to a cheap provider, save yourself up to 950 euros a year. Furthermore, it is worthwhile to think about the scope of insurance. Do you need comprehensive insurance? How useful is the deductible? With some car insurance companies, you benefit from discounts that significantly reduce costs.