Understanding the Importance of Insurance and Tips to Avoid Fraud

Keep in mind that the protection of your vehicle depends on the insurance you take out, such as the Compulsory Traffic Accident Insurance (Soat), which is necessary for all drivers who circulate in the national territory, whether they are owners of cars or motorcycles.

The policy covers bodily harm caused to people in accidents traffic.

According to the Federation of Colombian Insurers (Fasecolda), to avoid being a victim of fraud, the entity recommends that policy offers with high discounts be distrusted.

You must not share your documents or personal data through social networks or instant messaging services.

In addition, you should not purchase this type of insurance when they ask you to consign to accounts of natural persons.

In the same way, you must confirm that the company that is selling you the insurance is authorized to market Soat.

Remember that insurance is an investment that helps you anticipate any incident. Having all-risk insurance can benefit your pocket in the event of a sinister or road accident.

Understand what your insurance deductible is and how it worksbecause that is the money that must be paid at the time of reporting a claim, in order to distribute the risk between the company and the person who owns the insurance.

The deductible can be a specific amount or a percentage of the total value of the claim.

The type of deductible must be clear when contracting the insurance, since the value of the policy depends on this.

Companies offer insurance that fits all needs and budgets.

It is important to be clear about the coverage in non-contractual civil liability, vehicle replacement for total loss or theft, partial damage repair.

Likewise, the all-risk insurance has different types of assistance: towing service assistance, replacement vehicle, home inspections, professional driver, legal assistance and travel or road assistance.

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