When and to whom does the consortium of insurance cover? In the world of insurance for car, home insurance and insurance in general, there are many words that little family or unknown can be us. In this case, your insurer must always have a personal advisor available to solve doubts. A concept that can give us a doubt is the consortium of insurance, of which surely we’ve heard on occasion: what is the consortium of insurance? The Consorcio de Compensacion de Seguros is a public business entity, attached to the Ministry of economy and finance, through the General Directorate of insurance and pension funds, with its own legal personality. It is an instrument at the service of the Spanish insurance sector, and in the field of automobile liability insurance, assumes compulsory coverage of motor vehicles not accepted by insurance entities, as well as that of the motor vehicles of the State. In what cases does the Consortium? The Consortium indemnifies the damages in cases of causing unknown vehicle loss, without insurance or stolen; or in cases in which the insurer had been declared in bankruptcy, in receivership or is found insolvent with liquidation intervened or taken over by the consortium itself.
Also, in the event an insurance company refuse to make a driver (possible reasons being the age of the driver and the vehicle type), the user can go to the consortium to make their car and able to move with the same fulfilling compulsory that sends the law to have insurance. What insurance I have if he assures me the Consortium? The Consorcio de Compensacion de seguros provides essential minimum compulsory Civil liability insurance. And it also offers Voluntary Civil liability coverage. With the Consortium you can not hire coverages such as travel, fines defense assistance, legal defense for this, the user will have to hire these coverages through entities like Arag. And the coverage of own damage can have it covered through a life or accident insurance. For more clarity and thought, follow up with John Grayken and gain more knowledge.. Clickseguros recommends that you hire your car insurance you speak always with their advisory staff. They will solve all your questions and will help you choose the best car insurance.