Elementary insurance constitutes an insurance package for a number of basic insurance policies that are common to the majority of population. The policies included in this category are:

Elementary insurance constitutes an insurance package for a number of basic insurance policies that are common to the majority of population. The policies included in this category are:

Vehicle insurance is probably the most familiar insurance in public today. We hear expressions such as “comprehensive insurance” “third party insurance” “compulsory insurance” on a daily basis. Not only individuals who are interested to purchase a vehicle for the first time hear these expressions, but also drivers in need to renew their driver license. Vehicle insurance is prescribed in the laws of the State of Israel.

Vehicle insurance is meant to provide insurance coverage for damages caused to a vehicle, bodily injuries caused to the driver or damage caused to another property or person in the event of an accident with the insured vehicle.

In general, vehicle insurance is divided into 3 different categories:

Compulsory insurance – as its name suggests, its purchase is prescribed by law to any vehicle owner in the State of Israel. This insurance is meant to provide coverage for events in which the insured vehicle was involved in an accident in which the driver suffered an injury as well as the passengers in the vehicle and passersby.

Third party insurance – also known as “supplementary insurance” since it supplements the missing part of the compulsory insurance. The purpose of third party insurance is to provide insurance coverage for the driver of the insured vehicle in the event that in the accident damage was also caused to the vehicle of the other party involved in the accident or its property (and even to a number of vehicles in an accident involving a number of vehicles).

Comprehensive insurance – comprehensive insurance is meant to provide insurance coverage to a wide variety of events that might occur during the insurance period. Among the scenarios that are covered: breaking into the vehicle, theft of equipment from the vehicle, carjacking, third party coverage and more.