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Bought a new car? Congratulations! However, before you get behind the wheel, you need to make sure you have completed all the paperwork. This includes choosing the right insurance cover. Is it worth taking out insurance for damage while parked? Comparis answers key questions on this subject.
Although damage to parked cars is already covered by full casco insurance, it can still be worth taking out separate cover for damage while parked.
What is insurance for damage while parked?
Damage while parked is an add-on to casco insurance. It covers damage to your parked car – such as dents and scratched paintwork – caused by unknown third parties. If, however, you know who caused the damage, this person's liability insurance must cover the damage. Any damage to your vehicle you cause yourself while parking is not considered “damage while parked”. This damage is only covered by full casco insurance.
Can anyone take out insurance for damage while parked?
No, you can usually only take out insurance for damage while parked for newer vehicles, i.e. those up to five years old. The vehicle must also be in perfect condition. Even if both apply to your vehicle, you should still weigh up the actual risk more carefully. If you have your own garage, insurance for damage while parked will not necessarily be worth your while. However, if you mostly park your new car in public places, the investment can soon pay off. Your place of residence may also affect your decision: the risk of damage is likely to be greater in a city than in a rural area.
How much does cover for damage while parked cost?
Different insurers offer different models. These models differ considerably in terms of the number of claims covered per year as well as as the maximum amount payable per claim. They range from one parked car damage claim per year with a maximum cost of 1,000 francs to an unlimited number of claims with no cost restrictions. The premiums vary accordingly.
Our tip: take a close look at the products, models and premiums offered by insurers before taking out insurance for damage while parked.
What are the pros and cons?
Compared to having parked car damage covered by full casco insurance, separate insurance for damage while parked offers the distinct advantage that any claim will leave your bonus untouched. And if you take out this insurance without a deductible as well, even better: your claim will be covered in full. You just need to consider whether this peace of mind is worth the additional premium price – particularly if you already have full casco insurance. If you often park your car in public places (multi-storey car parks, public parking spaces etc.), insurance for damage while parked can quickly pay off.
What to consider when taking out insurance for damage while parked
Acts of vandalism (snapping off an aerial, cutting a convertible soft top, etc.) are not covered by insurance for damage while parked. The same applies to damage caused by unknown persons. However, the good news is that partial casco insurance already covers this type of damage. Note that damage caused by events such as riots or uprisings is not usually covered.
Good to know: insurance companies often require a police report for claims relating to damage while parked.
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