Vehicle insurance, an option in the face of an increase in theft and accidents

The sale of commercial vehicles registers a growth of 32% so far this year compared to 2020 figures during the pandemic, according to figures from the AEADE. Sales for September 2021 exceed even the best month of 2019. However, this growth is not reflected in the same percentages in the contracting of vehicle insurance.

In the case of car insurance, the numbers are negative in relation to 2020. However, the theft of light and heavy vehicles is the crime with the greatest increase. In the first half of 2021, the Prosecutor’s Office registered 3,022 car thefts, this represents an increase of 60% compared to the same period of time in 2020. On the other hand, in the case of motorcycles, an increase of 30% is registered.

Likewise, another problem that is registered is traffic accidents, according to figures from the National Traffic Agency (ANT), until August 13,492 accidents have been registered; that is, 34% more than in the same period of 2020.

“Now more than ever, entrepreneurs value having financial support to face economic unforeseen events. That is why insurance should be considered more than as an expense, as a mechanism that allows covering possible financial losses caused by accidents or theft of your units or merchandise, among other claims that may occur with your vehicles ”, says Daniela Molina , Director of Corporate Business at Oriente Seguros.

“Insurance is a financial instrument of support during eventualities that can generate economic losses to the company. It allows the insured to face the circumstances without greatly affecting their finances ”, adds Molina.

Businesses have coverage for different situations such as:

• Traffic accidents
• Assault, robbery or theft.
• Natural phenomena such as rains, floods, earthquakes, among others.
• Other accidental events that could cause the total or partial loss of the vehicle.

Profits

Vehicle assistance: This assistance is available 24 hours a day, 365 days a year, nationwide, and includes: towing or transporting the vehicle, mechanical assistance, among others.

Substitute car: In the event that the claim results in a total or partial loss of the vehicle, it will be replaced with another vehicle for a specified period.

Loss of personal documents: In the event that personal documentation is stolen or lost, the insurance will reimburse the cost of replacement of these documents.

Loss of Profit: To cover the loss of the insured’s economic profit after an accident, while the vehicle is in the process of being repaired. (I)