Motor vehicle insurance is one of the most common types of insurance that provides coverage for damage to vehicles or for damage from liability due to the use of the vehicle to third parties.
Vehicle insurance is contracted for motorized road vehicles, such as passenger cars, trucks, trailers, motorcycles or work machines.
Given that damage to vehicles and damage from the use of vehicles are the most common type of damage, it is advisable to insure the vehicle fleet and working machines, while liability insurance is mandatory for road vehicles.
Considering that investments in the vehicle fleet represent a significant part of the budget of every company, it is important to insure vehicles in order to avoid unexpected large additional costs due to damage or destruction of vehicles. By installing a deductible or integral franchise, savings on insurance premiums are achieved, and vehicles are insured against unexpected major damages.
