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There are many unexplained things in the world that have not yet become the subject of fierce scientific debates due to absurd coincidence. For example, how an experienced driver who successfully passed his exams more than a month ago can fail to notice a car parked behind him. And why the parking sensors at that time weakly squeaked, instead of boldly warning the owner of the impending danger.
Even for drivers with serious experience, difficult times have come. The almost complete lack of police control over compliance with traffic rules has turned the streets into high-risk zones. Not only grandmothers with strollers and other horse-drawn vehicles boldly jump over the double-axle bridges, but also all cars that need to go «the wrong way». And it's worth relaxing a little, as the car ahead immediately slams on the brakes.
In such conditions, you need not just insurance policies, but, as Professor Preobrazhensky said, "the final piece of paper. Actual. Real! Armor!!!"
Formally, almost every driver has motor third-party liability insurance. Thanks to which, in the event of his fault in an accident, the insurance company will pay the damage to the injured party. But the problem is that many policies were purchased with huge discounts, which could not but affect their quality. It is not uncommon for the policy to be invalid or simply fake. Not to mention the huge number of insurance companies that do not want to fulfill their obligations, and therefore openly delay payments or find good reasons to refuse them. It would seem, what does the policy owner have to do with it? What claims can be made against him? Let the injured party fight for his rights with the insurer. But in reality - if the company refuses to fulfill its obligations, for various reasons - the victims of the accident can demand compensation for losses from the culprit through the court.
The owner of a motor vehicle policy with direct settlement of losses will receive payment where he bought it, that is, from his insurance company
It must be said that the usual motor vehicle policy is also not perfect. The compensation procedure is too complicated and prolonged. The injured party in a road accident becomes a hostage of the culprit's insurance company for many months. Is it possible to simplify this entire process and at the same time reduce the risks of possible denials of payment?
The largest players in the auto insurance market have found the answer to this question by offering customers a direct settlement auto policy. Its only drawback is the price, which can be twice as expensive as a regular policy. Although there are exceptions here. Otherwise, there are undeniable advantages. Here are 5 factors thanks to which a direct settlement policy significantly simplifies the lives of car owners.
The main advantage of a direct settlement auto policy is that you do not need to contact the at-fault party's insurance company to receive compensation. Let's imagine that the policy owner got into an accident through no fault of his own. In this case, he would have to take the contacts of the guilty party's insurance company and solve the payment problems with it. And if the company is insolvent or is experiencing serious difficulties, it will do everything possible to ensure that the client remains without compensation.
In the case of a motor vehicle accident with direct settlement of losses, there is no need to contact someone else's company. The policyholder will receive payment where he bought it, that is, from his insurance company. And then she will seek payments from the guilty company.
Who sells auto insurance policies with direct settlement of losses
By buying a motor vehicle with direct settlement of damages from a reliable insurance company, you can not worry that in the event of an accident, through no fault of yours, compensation will be paid. While a regular policy does not provide such a guarantee. After all, it is not known which insurance and which policy the person at fault for the accident will have.
Usually, it takes about six months to receive compensation for a motor vehicle. Before the insurance company starts paying, it is necessary to hand over all the documents, including the court decision, which will indicate who is at fault for the collision. The court may take place 2-3 months after the accident, although the hearing itself lasts no more than a minute. Then, by law, the insurance company has 90 days to make the payment. And many insurers use this opportunity, especially since it is about compensation for someone else's client. And all this time the victim will not be able to repair the car, so that later the insurers will not be tempted to accuse him of fraud.
Some insurers are ready to offer technical assistance (evacuation of the car, fuel delivery) and concierge service (reservation of hotels, restaurants, etc.)
In the case of a policy with direct settlement, payments are made much faster. Here too, you will have to wait for the court's decision, but after it, the compensation will be transferred in a matter of weeks, not months. After all, the company pays money to its client, whom it is not in its interests to lose.
Perhaps soon direct settlement of losses on motor third-party liability insurance will become mandatory for all insurers. In this case, competition between companies will increase many times, since for each client the issue of the cost of the policy will become secondary. Much more important is the reliability of the insurance and the quality of service.
Some companies encourage the purchase of a motor third-party liability insurance with direct settlement, offering very useful options. For example, they cover damage up to UAH 50,000 without certificates. The culprit of the accident can also count on compensation within UAH 100,000, while a regular motor third-party liability insurance does not provide for payments in his favor. Some insurers are ready to offer technical assistance (vehicle towing, fuel delivery) and concierge service (hotel, restaurant booking, etc.).
Source: Personal account
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