Indemnity insurance

Passenger indemnity insurance is taken out to insure damage to occupants as a result of an accident. It can involve both material damage and personal injury. The driver is also insured.

In an accident, you can hold the liable party liable for damages. For example, when an occupant is incapacitated, the other party can be sued for the financial loss caused by the accident. Unfortunately, these are often lengthy lawsuits and recovering personal injury damages from the other party is often complex. With the damage passenger insurance you can quickly compensate your passengers in case of damage.

Accident occupant insurance or indemnity occupant insurance

Compared with accident passenger insurance, casualty passenger insurance offers broad coverage. The accident passenger insurance pays a lump sum of €5,000 in the event of the death of an occupant due to an accident. For permanent disability, the insurer pays €15,000. With indemnity passenger insurance, the payment is tailored to the actual costs. For example, in the case of permanent disability, financial damages are not limited to €15,000. The damage from being unable to work again can run into the hundreds of thousands of euros.

The driver is also insured

Taking out no-fault passenger insurance is done primarily for properly insuring your passengers. It can also be an important insurance for the driver of the vintage car. On the basis of an example, we explain it.

A vintage car is all-risk insured with no additional insurance. The driver makes a steering error on the highway and crashes into the guardrail at 120 kilometers per hour. The damage to the crash barrier and the oldtimer is compensated by the insurance company. The driver is self-employed, but due to the accident he becomes disabled. Unfortunately, the driver does not have disability insurance. Due to the accident, the driver loses monthly income. Under conditions, there is an entitlement to welfare benefits.

If, in addition to the all-risk vintage car insurance policy, the driver could recover financial damages from this insurance. This example shows that it is certainly not pointless insurance.

The premium is a few euros per month. You will probably never need to call on the indemnity passenger insurance, but just to be on the safe side, the insurance is definitely recommended.