Car Insurance
At MegaTech, we strongly recommend our customers enroll in car insurance to ensure a safe and secure car life. There are various types and endorsements available for car insurance, with different insurance companies.
While it may be challenging to cover all the options and make a choice, we are here to assist you in discussing your needs individually, providing you with the necessary knowledge, and helping you create a plan that truly suits your needs.
1
Importance of Car Insurance (Voluntary Insurance)
Car insurance is precisely for "what if" situations.
No matter how safely you drive, accidents can happen unexpectedly. There are numerous accidents, such as rear-end collisions or head-on collisions, that are difficult to prevent. In the event of a traffic accident, the owner and driver of the vehicle are liable for compensating the victims for damages. The at-fault party may face great difficulties in fulfilling their responsibility. It is essential to be prepared and ensure that you have car insurance coverage.
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2
Types of Car Insurance (Voluntary Insurance)
There are two types of car insurance: Compulsory Automobile Liability Insurance (CALI) and voluntary insurance.
CALI is mandatory when registering a vehicle or during vehicle inspections, and it is often referred to as compulsory insurance. However, its coverage is limited to personal injury compensation in accidents. This may be insufficient as insurance coverage in case of an unfortunate event. It is advisable to enroll in voluntary insurance and create a comprehensive plan that suits your needs.
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3
The 3 major risks of automobile accidents
１：Risk of causing damage to others
Compensation to others
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Third-party liability insurance (provides compensation when causing injury or death to others)
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Property damage liability insurance (provides compensation when causing damage to others' property, vehicles, etc.)
２：Risk of personal injury or damage
Personal coverage
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Personal injury insurance (provides compensation when passengers, including the driver, are injured or killed)
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Passenger injury (death or disability) endorsement (provides a fixed amount of compensation when passengers, including the driver, are injured or killed)
３：Risk of damage to your own vehicle
Personal coverage
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Vehicle insurance (provides compensation when your insured vehicle suffers damage due to an accident, etc.)
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4
If an accident occurs...
If you are currently involved in an accident, you may feel confused and unable to understand what happened in the moment. If the accident is significant, there may be little you can do, but if the injuries are minor, you need to take action immediately after the accident. First, try to calm down and stay composed, then follow these steps:
①
If there are injured individuals, provide first aid and arrange for an ambulance. Even if the injuries are minor, seek medical attention.
②
Ensure safety to prevent any secondary accidents caused by the initial accident. Alert the following vehicles about the accident and move the vehicles to a safe location.
③
Contact the police to fulfill your legal obligations and obtain a traffic accident certificate, which will be necessary for filing an insurance claim later.
④
Verify the other party's identity. If possible, ask to see their driver's license and confirm their address, name, and contact information. It's also a good idea to obtain contact information from any eyewitnesses.
⑤
Contact your insurance company. Notify the insurance company or agent you are enrolled with. Even if you are at fault in the accident, avoid making any promises of compensation on the spot.
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Insurance Underwriting Companies
This website provides an overview of automobile insurance. When entering into a contract, please make sure to review the "Tough Car Insurance (Comprehensive Personal Automobile Insurance)" brochure, "Tough and Simple Car Insurance (Comprehensive Household Automobile Insurance)" brochure, and the "Explanation of Important Matters: Contract Overview and Notice of Important Information." For further details, we have prepared the General Insurance Policy and Endorsements, so please request them from your handling agent or the insurance underwriting company. If you have any questions or concerns, please contact your handling agent or the insurance underwriting company.
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