Do direct line mirror no claims?

Do direct line mirror no claims?

What is a vehicular accident

As soon as you take the wheel, a series of implicit risk factors can materialize as real accidents if you do not take the appropriate precautions. For this reason, it is necessary to know what they are and how to face them. Thus, you will be able to mitigate them and safeguard everyone’s life.

The number of deaths due to this cause increased by 26% between 2008 and 2018. In this sense, driving faster than the allowed speed is a determining factor in the responsibility in traffic accidents and one of the most common presumptions. Do not forget that currently the maximum speed is 50 km/h in urban areas.

When the state of the roads is deplorable, the chances of having an accident increase. Therefore, it is advisable to drive with caution on pavements that are in poor condition or on unfamiliar roads.

Driving in the rain or driving in the snow can be factors that impair your vision and put you at risk, especially if there is wind or fog. For this reason, it is prudent to drive at low speeds in these situations.

Insurable value

b. Principle of Maximum Good Faith – According to which both the insured and the insurer must act only with the truth, the former describing or exposing the risk as it is, without evading or concealing anything, so that the insurer – on duly assessing it – covers it in equity. It is also the insurer’s obligation to act in good faith in the attention of the claim.

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d. Principle of the Insurable Interest – It must concur in whoever wishes the coverage of certain risk, reflected in its sincere desire of which the loss does not take place, since as a result of it would originate a damage for its patrimony.

The insurable interest is not only a requirement imposed by insurers, but a necessity to ensure the nature of the insurance institution, without which it would be impossible to fulfill its protective function in society.

From an economic point of view, it must be considered that an increase in claims would lead to a rise in premiums and the insured would have to pay a price higher than that which would really correspond to his risk, thus harming not only himself but also the economy of the country, which would have to bear an economic burden greater than that due.

Traffic congestion environmental problem

Latin NCAP has seen these commitments mentioned by Andemos reflected and effective in part of the automotive industry but not in all of it. There are still several manufacturers that do not effectively reflect these commitments in their vehicles and happen to sell a large volume of popular models. Some manufacturers comply with the commitment to offer the same or similar level of safety for the local lineup as in mature economies, such as some popular models of Toyota, Volkswagen and Chevrolet’s Onix Turbo.

The absence of these important safety elements to reduce the statistics indicated by Andemos, explains in large part the poor results in Latin NCAP tests of cars sold in Colombia.

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Andemos refers to the “precarious” criterion of safety level and implies that two airbags and ABS brakes, the minimum required in Colombia, is “sufficient”. Latin NCAP understands that this requirement is insufficient because it does not indicate as mandatory the side impact protection that is critical for the human body (required in Europe since 1996), it does not require pedestrian protection (it also benefits cyclists and motorcyclists who are the majority of victims in Colombia) and ESC is not required (it saves almost as many lives as the seat belt). The absence of these key aspects of safety makes the idea of two airbags and ABS brakes the closest thing to “precarious” to Latin NCAP’s views and experience.

What is an insurance claim

b. Principle of Maximum Good Faith – According to which both the insured and the insurer must act only with the truth, the former describing or exposing the risk as it is, without evading or concealing anything, so that the insurer – on duly assessing it – covers it in equity. It is also the insurer’s obligation to act in good faith in the attention of the claim.

d. Principle of the Insurable Interest – It must concur in whoever wishes the coverage of certain risk, reflected in his sincere desire that the loss does not take place, since as a consequence of it would originate a damage for his patrimony.

The insurable interest is not only a requirement imposed by insurers, but a necessity to ensure the nature of the insurance institution, without which it would be impossible to fulfill its protective function in society.

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From an economic point of view, it must be considered that an increase in claims would lead to a rise in premiums and the insured would have to pay a price higher than that which would really correspond to his risk, thus harming not only himself but also the economy of the country, which would have to bear an economic burden greater than that due.