The necessity of obtaining an extension to increase the financial obligation in third party insurance

According to the report of financial financial news, citing the public relations of Mellat insurance company, in the past years, one of the most important issues for third-party insurance holders was the issuance of an addendum to increase the insurance policy obligations. After the approval of the third party insurance law in 2015, it is not necessary to obtain an add-on for bodily damages, but it still seems necessary to cover accidents leading to financial damages.

In this regard, Mustafa Maleki, the car insurance manager of Mellat Insurance Company, said: According to the law, the minimum obligation that insurance companies are required to provide to policyholders in the field of financial losses is 2.5% of premium per month. Accordingly, this year, when the amount of diya in the month of Haram is set at one billion and 200 million tomans, this amount is 30 million tomans.

He added: if a person goes to insurance companies and requests a third-party insurance policy with a minimum liability limit, at the time of an accident, only up to 30 million tomans can be compensated by the insurer.

Maleki stated: With a brief look at the economic situation of the society and the costs related to car repair, we will realize that this coverage of 30 million tomans is very insufficient and does not cover many of the losses, while unfortunately, it leads to many accidents. They will impose more costs than this.

The director of automobile insurances of Mellat Insurance Company said: Of course, the legislator, based on Article 8 of the Insurance Law, has limited the maximum liability of individuals in accidents resulting in financial loss to the equivalent of half of the money in the month of Haram, that is, if a person has an accident with any type of vehicle and If he causes damage, his responsibility will be 600 million Tomans at most, but this amount is also very heavy for the members of the society and it can be said that when the coverage of an insurance policy is not sufficient, a lot of losses will be placed on the shoulders of the person responsible for the accident.

Maleki stated: Currently, Mellat Insurance Company, by using its nationwide network of representatives, active branches and online services, has the necessary preparation in order to increase the limit of obligations and provide the aforementioned extension to the applicants as soon as possible.

Referring to the ever-increasing price of car spare parts and in general all the services that can be provided in this area, he said: the examination of the fluctuations in this sector shows the necessity of receiving this extension more than ever. For example, currently the cost of buying a Pride trunk, which is considered a cheap car, has reached more than 12 million Tomans. Therefore, we, as insurers, are obliged to show them the upcoming risks in order to protect our policyholders from the losses that may be imposed on them.

The car insurance manager of Mellat Insurance Company added: Another important point that should be mentioned in this discussion is the issue of price drop. In many cases, in an accident, in addition to demanding car damage, the injured person also demands a drop in price; In such cases, the insurance companies are obliged to pay the specified amount after issuing the court verdict and obtaining the opinion of the official expert, but the responsibility of the insurance company is also limited to the coverage of the insurance policy. For example, when the amount of damages for a person is considered to be around 25 million tomans and another amount of 25 million tomans is determined in order to reduce the price, the insurance company will pay only 30 million tomans based on the limit of its obligations, and the rest is the responsibility of the insurance company. The person is placed.

In the end, he said: Our recommendation is that people apply for this extension by referring to the issuing units of Mellat insurance branches and representatives, and also after obtaining the necessary information. This supplement is also possible in the field of accidents related to the driver, but there is no need to prepare it in the case of life and death damages.