Insuring your car all-risk or third-party is a dilemma many car owners face. In this article, we explain the general differences, we write "general" on purpose because different terms and conditions apply between providers. Next, we give examples of situations in which you can see when all-risk or wa casco is appropriate.In the end, of course, it is also a matter of feeling, if you do not want to run any risk then all-risk car insurance obviously better for your peace of mind.
The differences between All-risk and WA casco
Firstly, everyone who drives with a Dutch license plate is obliged to insure his or her car against third-party liability. In case you cause an accident, the insurance company will compensate the damage you cause. The damage to your own car will not be compensated in case of a WA insurance.
WA Casco, WA plus, Limited Casco
The exact name depends on the insurer and the conditions as well. However, there are similarities between the various providers. The WA casco insurance covers the damage that you cannot do anything about, for example:
- Storm damage
- Fire damage
- Natural disasters
- Theft
- Burglary damage (whether any stolen goods are also compensated depends on the insurer)
All-risk car insurance
The biggest and most important difference between a all risk car insurance The most important thing about WA Casco is that the insurer also compensates the damage to your car. So also in case you are guilty of an accident.
When do you choose which insurance?
In the first place, everyone has to decide this for themselves, but there are of course guidelines. Usually, you insure a new car all-risk for the first 0-5 years. This is because the purchase value and daily value are high and repairing or replacing a damage or vehicle is expensive. After five years, it becomes a different story, because cars depreciate quickly. So suppose your car is still worth 5000 euros after five years, it is probably not wise to insure it for a few thousand euros a year. Of course, make sure you have a buffer to be able to replace or repair the car in case of an accident due to fault.
The same goes for WA and WA Casco, if your car is really getting old (15 years +) and is not a real exotic, then WA insurance is often the wiser choice. If you do cause damage, the damage of the other party is covered and you can buy another car for a few thousand euros.
What do you need to take out one of these car insurance policies?
Whereas in the past it was sometimes a "hassle" to stop or transfer your car insurance, these days it can (usually) be done at the press of a button or a phone call. Some insurers require the reporting code and the certificate of release of the car. So make sure you have it handy at all times.
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