Car Insurance

Today almost every one of us has a car (or several, if it is a family), and it provides for us a vital need – to get from place to place. Our vehicles are for the most part one of our most valuable assets, and they are also prone to many damaging events such as road accidents, burglaries, thefts, third party injuries and other cases that carry many economic implications. For these reasons it is important that we insure our vehicle so that we are prepared for any scenario. Drive carefully!

There are three types of car insurance:

Compulsory Insurance

Compulsory insurance – Every motor vehicle traveling in Israel must have this insurance, according to the Motor Vehicle Insurance Ordinance from 1970. This insurance covers bodily injuries and medical expenses for the driver of the vehicle itself, the passengers and any other person injured as a result of an accident. Foot or driver of another vehicle). It is important to know that this minimum insurance does not cover property damage to your vehicle, the vehicle of another person involved in the accident or damage caused to the environment, so if you caused the accident the repair costs will apply to you.

Third Party Insurance

Elective insurance that provides insurance coverage for damage caused by your vehicle to a third party only. For example, if as a result of an accident caused by your fault, another person’s vehicle or property is damaged. This insurance does not cover damage that may be caused to your vehicle. This is important insurance, as there may be a scenario where you hit an expensive car. The cost of repairing such a car can reach an unexpected expense of tens of thousands of shekels. At a low monthly cost, you can rest assured that in such a case, the insurance company will bear the expenses.

Comprehensive Insurance

Extensive authority insurance that will benefit from the fact that it provides you with peace of mind in the face of a number of situations in which your vehicle (and / or a third party) may be damaged as a result of a car accident, theft, fire damage and more. This is a comprehensive solution that considers a host of situations that may arise when you sit behind the wheel. Various extensions can also be purchased for this insurance, for example: