Liability and Casco: What you need to know about car insurance
Car insurance is an essential part of owning and driving a motor vehicle in Bulgaria.The two main insurance policies that cover various car-related risks areCivil liabilityandCasco.They have different purposes and functions that provide security to both the car owner and third parties affected by traffic accidents.In this article, we'll take a closer look at what these two types of insurance are, what their differences are, and why they're important.
Civil liability
All owners of motor vehicles in Bulgaria must necessarily have a „Civil liability“insurance.The coverage is regulated by the Insurance Act and is intended to provide road liability to drivers in the event of an accident causing damage to third parties To ensurethe protection of the injured partiesand prevent financial difficulties for the at-fault driver, it is necessary to have a valid Third Party Liability policy.
What does Civil Liability cover?
- This may include the financial costs associated with compensation for damage to third party property such as damaged cars, buildings or infrastructure.
- The costs of care and services in relation to injured persons, such as treatment, compensation for permanent disability or in the event of death.
- If the at-fault driver is sued, legal costs will have to be covered.
We must note that Liability insurance does not provide coverage for damage to the vehicle of the person who caused the accident or once This insurance has a specific purpose –to cover only damages caused to third parties.
Casco
In contrast to Civil liability, the insurance „Casco“is optional and provides coverage only for the owner's vehicle.Its purpose is to protect the car from a variety of mistakes, including those that are due to the mistakes made by the driver or random circumstances such as natural b If you want to insure yourself against possible damages and avoid financial losses, it is recommended to consider the possibility of Casco insurance of the vehicle
What does Casco cover?
- Damages from road accidents are covered regardless of whether the driver is at fault or not.
- Car theft
- Damage caused by natural disasters such as floods, hail and storms.
- Acts of vandalism and damage found.
- Damage occurred while the vehicle was parked
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Liability and Casco: What you need to know about car insurance
Car insurance is an essential part of owning and driving a motor vehicle in Bulgaria.The two main insurance policies that cover various car-related risks areCivil liabilityandCasco.They have different purposes and functions that provide security to both the car owner and third parties affected by traffic accidents.In this article, we'll take a closer look at what these two types of insurance are, what their differences are, and why they're important.
Civil liability
All owners of motor vehicles in Bulgaria must necessarily have a „Civil liability“insurance.The coverage is regulated by the Insurance Act and is intended to provide road liability to drivers in the event of an accident causing damage to third parties To ensurethe protection of the injured partiesand prevent financial difficulties for the at-fault driver, it is necessary to have a valid Third Party Liability policy.
What does Civil Liability cover?
- This may include the financial costs associated with compensation for damage to third party property such as damaged cars, buildings or infrastructure.
- The costs of care and services in relation to injured persons, such as treatment, compensation for permanent disability or in the event of death.
- If the at-fault driver is sued, legal costs will have to be covered.
We must note that Liability insurance does not provide coverage for damage to the vehicle of the person who caused the accident or once This insurance has a specific purpose –to cover only damages caused to third parties.
Casco
In contrast to Civil liability, the insurance „Casco“is optional and provides coverage only for the owner's vehicle.Its purpose is to protect the car from a variety of mistakes, including those that are due to the mistakes made by the driver or random circumstances such as natural b If you want to insure yourself against possible damages and avoid financial losses, it is recommended to consider the possibility of Casco insurance of the vehicle
What does Casco cover?
- Damages from road accidents are covered regardless of whether the driver is at fault or not.
- Car theft
- Damage caused by natural disasters such as floods, hail and storms.
- Acts of vandalism and damage found.
- Damage occurred while the vehicle was parked