General information about car insurance
General information about car insurance
If you own and drive a car, you must deal with a company car insurance. But have you ever wondered where and how the concept of auto insurance began and how it had evolved into the system we have today? If pique your curiosity about this, here's to you a brief history of the automobile, from its creation until today.
The concept of auto insurance would have been born in the year 3000 BC in China. Of course, the cars were not yet invented at that time, but Chinese merchants busy maritime trade. To minimize the loss of goods due to shipwreck or piracy, they invented ways to protect their precious cargo. They could, for example, divide their goods in several ships. Thus, when a ship met a fatal destiny, the rest of the goods were safe. Other civilizations followed the example of Chinese invented and insurance policies to protect their boats. Marine insurance still exists today and is an effective defense.
When the automobile was invented in the late 19th century, the concept of existing insurance has adapted to this new mode of transportation. It was soon demonstrated that a car represents some risk to the driver, whether in economic, or injury. Since not all motorists had enough money to address these risks, motor insurance has emerged as a simple way to protect themselves in case of accident, theft or vandalism. It gradually became mandatory for every motorist, driving is a privilege not a right. Initially, the insurance policies were the same for all, and the rates are not negotiable. However, over time, many insurance companies have emerged. By being competitive, they have created insurance policies that can adapt to varying needs and budgets.
Today, in Canada, auto insurance is compulsory for all motorists. However, insurance policies and the minimum protection required vary depending on the province in which it is located. In Quebec, the minimum amount of insurance is $ 50,000. The injuries and the injuries and damage inflicted outside the province are covered by auto insurance company in Quebec. This is a public insurance plan. In terms of damage, they are covered by private insurance companies, the choice of the motorist. Although it is compulsory to be insured for civil liability, that is to say, against the damage caused to others, protection against damage to own vehicle is optional. The cost of payments that the motorist will take depends on several factors. Generally, the more a driver is at risk of having an accident, her insurance will cost more expensive.
It goes without saying that in the future, auto insurance companies continue to innovate in Montreal offering a wider choice of coverage tailored to their customers in order to better serve and protect.
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