Auto Insurance in Italy

Name – party liability (Responsabilita Civile Autoveicoli, RCA).

The obligation of insurance RCA – Art. 2054 Italian Civil Code.

Governing Law – № 990 of 24.12.1969.

Bersani Decree Innovations (2007):

at the conclusion of a new treaty RCA customer is entitled to the same discount that was it for the past contract, if he bought a new car if he changed or if the insurance company since the end of the last of the insurance policy was no more than 5 years. Earlier, in all these cases, the policyholder, "rolled away" to the class of 14; Learn more about chevrolet warranty!

Insurance brokers are required to offer the client several companies to choose from. Previously, each agency "exclusive" offering only one insurer, which limited competition;

in case of changes to the poorer class of customer must be immediately informed of this;

stopped the practice by which insurers have concluded a contract for ten years. The client who wanted to change the company, say, next year, is not obliged to pay a penalty for early termination;

a young driver to avoid paying a large sum for insurance, can get a class of one of their parents.

On January 1, 2007 in Italy may direct damages.

The regulatory authority

ISVAP (L'Istituto per la Vigilanza sulle Assicurazioni Private e di Interesse Collettivo) – The Institute for the Supervision of Private Insurance and collective interests. Is completely autonomous and independent organization with its own accounting and management reporting, but the general direction of policy is in line with the Government of Italy in respect of insurance. Established in 1982 in order to ensure the stability of the insurance industry and consumer protection. Key features:

checking accounts of insurance companies;

monitoring compliance with the "rules of the game" in the market;

collection of statistical data to analyze the formation of tariffs and conditions of insurance;

Annual Report to the Minister for Economic Development of Italy report on the state of the industry, as well as proposals for the development of the market;

enabling / disabling the insurance companies operate.

The insurance amount:

5 million euros for the damage to life and health of each patient, regardless of their number;

EUR 1 million for damage caused to the property.

Features:

Very curious Italian bonus-malus (discount for the break-even). The official is a scale with 18 different classes (conversione universale, CU, literally – a universal scale), from the lowest, this eighteenth day (assuming one hundred percent increase in premiums compared to the base class of 14, which receives every new motorist) to first (50% discount from the database .) Moreover, decreases (cheaper) insurance is slower than the increases – for each class of break-even year is reduced by one, and per accident – increased by two.

But many of the Italian insurance companies have their own bonus-malus scale. Each client (except for beginners) comes to the new insurer with a certificate that lists his current class on the state scale of CU. The company with the help of the tables takes this class to the classification adopted by it. It is clear that the client can get a smaller and a large discount compared to the CU. In this way, the "Italian avtograzhdanki" there is price competition.

Class recorded two months before the expiry of the policy – the so-called "follow-up» (periodo di osservazione). This is to ensure that the renewal of a contract with the insurance company exactly know whether the client was guilty of at least one accident (these two months are assigned to possible proceedings, including litigation regarding an accident that occurred shortly before the end of the term of the policy.

RCA operates in Italy and elsewhere in the system. Certificate "green card" issued free of charge to the main policy.

Termination of Insurance

Most contracts require automatic renewal, so if the policyholder wants to sever ties with the company, not less than 30 days prior to the expiration of the policy he should fax or by registered pismom.uvedomit about your insurance company. In addition, for a period of three months to a year you can "pause" the action of the insurance. At this time, the responsibility will not be insured. Once activated, the term is automatically extended for the period to which the requested suspension. Free use of this opportunity may be just once a year.

Penalties for lack of policy RCA:

a fine of up to 2 754.15 euros;

lawsuits in the event that caused the accident uninsured;

removal of the vehicle.