What does the passenger indemnity insurance in a commercial vehicle insurance consist of?

Passenger insurance is a useful addition to company car insurance. After an accident, this insurance provides a payment. The company car insurance takes care of the settlement of the damage to the company car and the other party. The passenger indemnity insurance bears the financial loss due to injury or death and also the material loss of the passengers.

Why do you take out passenger insurance?

You want to insure your company car properly, but the same goes for the passengers as well. An accident can happen at any time and can cause serious financial damage. Becoming disabled due to an accident is terrible, and you want to prevent yourself or one of the passengers from having to worry about money. With the passenger indemnity insurance you have that part well covered.

When does the passenger indemnity insurance pay out?

The first requirement is an accident with the insured vehicle. If one or more passengers or the driver are injured as a result, the insurance pays out. It may concern material damage, such as a defective smartphone, but the most important payment is in case of death and physical injury. In case of injury, the health insurance will bear the costs, but it is mainly about consequential loss. Due to injury, an occupant can no longer work, for example. If he or she is still decades away from retirement, the costs are considerable.

What is the main difference with the accidental occupant insurance?

The accident passenger insurance is chosen more often than the non-life insurance. Nevertheless, the passenger indemnity insurance is by far the best choice, although it is slightly more expensive. The accident passenger insurance pays out a lump sum in the event of permanent disability and death of a passenger. The payment is low and the accident passenger insurance does not pay out in the event of material damage.

Include the passenger indemnity insurance?

The co-insurance is highly recommended. For a small premium, you get comprehensive cover in case of a major accident. The chance of a serious accident is small, but it can certainly not be ruled out. Occupational disability can result in a payment of hundreds of thousands of euros or even more.