Does my car need to be insured
Indeed, motor liability insurance stands as a key requirement for every vehicle owner in Switzerland. This legally mandated insurance shields the owner and fellow road users from monetary implications of damage inflicted by one's vehicle to others or their property. With coverage for both property damage and personal injuries, it takes care of repair expenses for damaged vehicles or other properties. Additionally, it covers medical treatment and rehabilitation costs for the injured.
What are the benefits of supplementary vehicle insurance?
Swiss insurance providers offer a myriad of supplementary insurance options that bridge the gaps left by basic motor vehicle insurance. Let’s dive into the coverage and benefits that come with these additional insurance packages:
Collision insurance: As an elective additional insurance, collision insurance bears the brunt of damages to your vehicle incurred from collisions with other vehicles or objects. It accounts for both self-inflicted damage and damage caused by others. In essence, collision insurance can diminish or fully eradicate repair costs for your vehicle.
Partial coverage: As another optional add-on, partial accidental damage insurance covers damages to your vehicle caused by theft, fire, glass breakage, natural calamities, and animal incidents. This coverage extends to damages resulting from hail, storms, floods, or marten bites, among others. Hence, partial cover insurance can alleviate or totally eliminate repair expenses for your vehicle.
Parking damage insurance: Optional parking damage insurance covers damages to your vehicle inflicted by unknown third parties while parked. It holds particular relevance for those who often park their vehicles in unfamiliar areas or public parking spaces.
Roadside assistance: A host of insurance companies extend a roadside assistance service that assures prompt on-site aid in case of a breakdown or accident. This breakdown service aims to swiftly restore the roadworthiness of your vehicle or transport it to the closest workshop.
Accident insurance for occupants: An elective supplement, passenger accident insurance covers the driver and passengers in case of an accident, also addressing costs for medical treatment and rehabilitative measures. Consequently, this insurance can significantly mitigate the financial aftermath of an accident for the passengers.
What coverage do I need for a lease?
For leasing contracts, comprehensive insurance, encompassing both collision and partial coverage, is typically mandatory. This obligatory insurance aims to ensure full vehicle repair in case of damage and to safeguard the lessor against financial losses. When entering a leasing contract, it's important to familiarize oneself with the specific insurance terms upfront, and if required, secure additional insurance to ward off further costs.
Where is the insurance valid?
Motor liability insurance generally holds validity in all countries enumerated on the green insurance card. This includes most European countries and some outside Europe. However, for extended trips abroad, it's advisable to verify whether the insurance is valid in the specific country and secure additional insurance if needed. Being aware of the traffic regulations in foreign lands is also essential to prevent accidents and the consequent costs.
How can I get the vehicle insurance that suits my needs?
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