Do you already know how financed car insurance works? Currently, in Brazil, it is very common for people to buy vehicles through financing. After all, the conditions, every year, seem more attractive.
In addition, it is an easier way to achieve the dream of having a nice car — and possibly zero kilometers — in a practical way and without the need to decapitalize all the money saved.
But anyone who buys a car in this way needs to hire car insurance financed. That’s because one of the first things that come to people’s minds is protection.
In fact, just imagine the following situation: you buy a car, finance it for 60 months, you don’t take out insurance, and in the third month, it is stolen, and they cannot recover it. What will you do? Keep paying for a car you don’t even own anymore? A complicated situation, but very common to be seen around.
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That’s why it’s important to take out auto insurance and protect your property. See below the advantages and how it works!
Benefits of financed car insurance
Financed car insurance is identical to repaid car insurance; there is no difference. There will only be a difference if you need to be compensated in the event of any total loss. In this case, in the last topic, we will exemplify the possible procedures.
In any case, very relevant advantages are observed in relation to being without any insurance. Check what they are:
More Security
One of the great advantages of having car insurance financed is security. As you might have noticed at the beginning of the article, driving with it, in addition to being safer in general, guarantees you more peace of mind when having help in unwanted situations, reducing the risk of losing a good you conquered.
Some people end up in doubt whether to choose Auto Insurance or a tracker. Not that the second option cannot be considered, but the truth is that “cheap can be expensive.”
So you need to evaluate well and look for an insurance option that fits your profile and needs.
Today, with many options for coverage and insurance, it has become easier to have access to protection that fits in your pocket. Not to mention that it is also possible to contract insurance with a tracker, a good alternative that can also reduce the cost of the policy.
That’s why it’s not worth staying even a minute without insurance.
Unforeseen events can happen at any time and cause serious damage. It is worth taking advantage of the quote from the best insurance companies, together with a reliable broker, and the benefits of practicality today, such as online inspection, to ensure safety for you and your vehicle.
More Practicality
Speaking of practicality, this is another advantage of having car insurance financed. That’s because the moment something happens, you count on the support of the insurance company to solve problems.
Sometimes, with the headache generated by the inconvenience or accident, it becomes difficult to make decisions or go after everything you need.
Added to this, in many cases, in which even the damage was minor, the lack of time to resolve them.
Postponing the repair, breakdowns can further compromise the vehicle. Paying off the financing, in fact, can make it much more difficult to bear expenses in parallel to fix it.
With car insurance financed, practicality and support go hand in hand. Just trigger the covers and solve any problem much more calmly.
Relying on the insurer’s guidelines to take the necessary measures is a great benefit, enabling professional assistance when necessary.
Furthermore, it also avoids the involvement of third parties and any wear and tears when solving problems.
The advantage for those who seek more convenience and tranquility in the use of their vehicle!
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Forms of Indemnity
Regarding the forms of compensation, having car insurance financed allows you to choose two paths. One is to finish paying off what is missing from the car, and another is to ask the insurance company to do it.
However, if the claim is minor and there is no total loss, regardless of whether the car is paid off or not, the activation of repair coverage is similar to that of any normal insurance.
If there is a total loss, then you must choose one of the two alternatives, according to two types of scenarios:
if I withdraw
The first situation can be illustrated with this example: if you have a car that is worth R$50,000 according to the FIPE Table and you still need to pay R$20,000 with the institution that financed your car, just pay off the remaining amount that the insurance company will refund you, without discounts, the amount of R$50 thousand.
If the insurer pays
If you do not want to pay the rest or do not have this money available, there are other ways, such as the insurance company settles the outstanding balance directly with the institution that financed the car, and you receive the difference.
The example follows in the same way: if you have a car that is worth R$50 thousand according to the FIPE Table and you still need to pay R$20 thousand, but you do not want or cannot pay for that amount, the insurance company takes care of that and makes the discount on the time to pay your compensation: R$50,000 minus the remaining R$20,000 in the financing, that is, you will receive R$30,000. Did you understand the importance of having car insurance financed if that is your reality? Start quoting right now!
