Unconventional Car Insurance Law – Money Finance News
According to the financial news report, before the approval of the new third party insurance law in 2015, the legislator had not set a specific limit for the responsibility of the culprit of the traffic accident to pay the financial damage caused to the damaged car, and if a luxury car would have suffered a loss of several hundred million , it was possible to pay full damages. However, in the new third party insurance law, cars are separated into two conventional and unconventional types based on the price criteria, and a limit was set to compensate for the financial damage of unconventional cars; So that a conventional car is a car whose price is less than 50% of a Muslim man’s full dowry in the month of Haram in that year, and a car whose price is more than this is considered unconventional.
How much is conventional car insurance in 1402?
Based on this, in the last days of last year, the judiciary announced the rate of dowry in 1402 as 900 million tomans, which increases to 1.2 billion tomans during the holy months. Therefore, this year, the figure of 600 million tomans will be used as the criterion for identifying cars in the payment of damages, and cars up to this limit will be conventional and above it will be unconventional. In this situation, if a conventional car whose price is at most 600 million this year suffers financial damage in a traffic accident, the amount of damage must be compensated by the person responsible for the accident, and there is no limit to the payment of damages.
But for unusual cars and above 600 million Tomans, considering that according to the legislator, it is a luxury (unconventional) car, even if this car has suffered total damage and has been scrapped, the culprit of the accident is only responsible up to 600 million Tomans and the payment of damages is more than This amount will not be the responsibility of the culprit and consequently the insurer. In fact, if an accident happens and the car is unusual, the insurance will pay damages based on the price of the conventional car for the unusual car. unless the owner of the unusual car has body insurance; In this situation, he can compensate the car damage through this insurance.
