-As a result of the increase in slamming doors and lock-ins in Chile, the price of this type of policy has risen by up to 100%.
The prices of automobile insurance in Chile have increased by up to 100% as a result of the increase in lockdowns and slamming doors. It is a panorama that generates a paradox, because on the one hand their prices have risen, but, at the same time, they are essential to be able to cover our vehicle in complex moments.
We can acquire vehicle insurance, but in an informed and intelligent way. León López is CEO of Gelts Latam, a renowned insurance broker in Peru, with years of experience in different industries and which is currently operating in Chile. Among its products, it offers vehicle insurance designed for individuals and SMEs. “During the pandemic we saw how the use of cars decreased considerably, which brought a new insurance product, which was based on the number of kilometers driven. The insurance by kilometers was a way to save premium, which was ideal, since due to the confinement and quarantines it was used little, therefore, there was little risk, ”she contextualized.
As explained by the professional, a sum of events such as lock-in or falsification of keys, have generated an increase in vehicle premiums, where in the past insuring a car cost, for example, UF 10 and today, insuring the same unit could easily exceed the UF 20. “It is very important that people educate themselves on the subject. In general, the vehicle insurance offered in the market has simple or basic coverage. That is, they only protect the passengers who are in the car. But if you run over someone and this person dies, this type of accident does not cover it. Therefore, all the cost of hiring a lawyer, indemnifying the relatives and the same emotional cost of the accident itself, you will have to pay ”, according to the expert. For this reason, he recommends that when looking for vehicle insurance, it is best to think first about civil liability, and then about possible damage to the vehicle. (Source: Presslatam)
