History car insurance
Following a car accident or damage caused or suffered in a vehicle, many are failing to thank St Christopher thank heaven to have a good insurance policy. The insurance does not new and has always been part of the risk of life, men have looked for a way to protect themselves by ensuring. The history of auto insurance begins with the appearance of the first cars.
history of car insurance
With the advent of the automobile, the need to be assured
When the car appeared in the late 19th century, the concept of existing insurance had to adapt to this new mode of transportation. The first general insurance concept was indeed already known about 2000 years BC with the first methods of protecting goods. At this time, the Babylonians had developed the "Bottomry" to ensure that allowed marine shipments in case of shipwreck or looting.
It was quickly shown that a car represented a risk to the driver, both from an economic standpoint, material body. Since motorists financially unable to address all these risks, auto insurance has thus emerged as a simple way to protect themselves in case of accident, theft or vandalism. She gradually became mandatory for every motorist, driving is considered a privilege and not a right. Initially, the formulas and insurance rates were the same for all. However, over time, the growth of the insurance market and many companies have created tough competition and the emergence of variable insurance contracts, can adapt to the needs and budget of each.
The history of auto insurance began in earnest in France in 1929 by the creation of the French Central Bureau of insurance companies for the study of statistics on car accidents. With the rise at this time of automobile traffic, it then became necessary to regulate insurance in this area. Laws are passed so quickly:
- The Act of 13 July 1930 which regulates the auto insurance
- The Act of 8 August 1935 regulating the insurance contract
Postwar, car insurance becomes mandatory
In the second half of the 20th century, a Motor Guarantee Fund is established by the Law of 31 December 1951 to repair, by compensating the injustice caused to the victims of personal injury through the fault of unidentified drivers, unlicensed driving , uninsured and insolvent. However, though most vehicles are insured, the big losers are the 2 wheels, much more exposed to serious injuries and paradoxically less covered. The FGA is rapidly limited financially. This finding has prompted the government to legislate to make compulsory motor insurance for all land vehicles.
Six years after the creation of the Guarantee Fund of Automobile, car insurance becomes mandatory with the law of 27 February 1958. Before that, nothing indeed obliged the motorists and to ensure the victims were doubly aggrieved at serious bodily injury, not only for their personal injuries but also to those third parties.
Meanwhile, an automotive Joint Office was created in 1955 to group self independent experts to estimate the cost of claims on behalf of insurance companies. The expert profession however will only be truly established until 1972.
Auto insurance is refined
The Law of 11 June 1976, establishes the bonus-mauls system to reward good drivers and punish the bad. The Insurance Code is formally established by the decree of July 16, 1976
Governments are gradually becoming aware that the family members of the insured or the driver is not insured as well as third and therefore no compensation for accidents. The law of 7 January 1981 will help to overcome this lack and consider the vehicle occupants as injured third parties. This law will therefore enable passengers to be systematically covered without having to take out a specific option.
On July 13, 1982, a law on compensation for victims of natural disasters is promulgated. Since then, all insurance contracts that cover damage to property including a mandatory insurance against natural disasters.
Accelerate compensation procedures, termination of contracts: the other great laws of the history of insurance
The Bad inter Law of 5 July 1985 has improved the situation of victims of traffic accidents and accelerated compensation procedures for all road accident victims.
The Chattel Act, which came into force on August 1, 2005, requires insurance companies to inform the insured at the earliest three months and no later than 15 days before the date of termination limit the possibility not to renew his contract Annual deadline. This helps to create competition to find a cheaper contract. This law avoids the automatic renewal of most contracts (including auto and home).
2015: The law makes auto insurance to drivers Haman freedom
The Haman law enforcement on 1 January 2015 provides for the termination of contracts of auto insurance at any time after one year subscription whereas before it was only possible to cancel a contract when it would expire.
By Rode
Following a car accident or damage caused or suffered in a vehicle, many are failing to thank St Christopher thank heaven to have a good insurance policy. The insurance does not new and has always been part of the risk of life, men have looked for a way to protect themselves by ensuring. The history of auto insurance begins with the appearance of the first cars.
history of car insurance
With the advent of the automobile, the need to be assured
When the car appeared in the late 19th century, the concept of existing insurance had to adapt to this new mode of transportation. The first general insurance concept was indeed already known about 2000 years BC with the first methods of protecting goods. At this time, the Babylonians had developed the "Bottomry" to ensure that allowed marine shipments in case of shipwreck or looting.
It was quickly shown that a car represented a risk to the driver, both from an economic standpoint, material body. Since motorists financially unable to address all these risks, auto insurance has thus emerged as a simple way to protect themselves in case of accident, theft or vandalism. She gradually became mandatory for every motorist, driving is considered a privilege and not a right. Initially, the formulas and insurance rates were the same for all. However, over time, the growth of the insurance market and many companies have created tough competition and the emergence of variable insurance contracts, can adapt to the needs and budget of each.
The history of auto insurance began in earnest in France in 1929 by the creation of the French Central Bureau of insurance companies for the study of statistics on car accidents. With the rise at this time of automobile traffic, it then became necessary to regulate insurance in this area. Laws are passed so quickly:
- The Act of 13 July 1930 which regulates the auto insurance
- The Act of 8 August 1935 regulating the insurance contract
Postwar, car insurance becomes mandatory
In the second half of the 20th century, a Motor Guarantee Fund is established by the Law of 31 December 1951 to repair, by compensating the injustice caused to the victims of personal injury through the fault of unidentified drivers, unlicensed driving , uninsured and insolvent. However, though most vehicles are insured, the big losers are the 2 wheels, much more exposed to serious injuries and paradoxically less covered. The FGA is rapidly limited financially. This finding has prompted the government to legislate to make compulsory motor insurance for all land vehicles.
Six years after the creation of the Guarantee Fund of Automobile, car insurance becomes mandatory with the law of 27 February 1958. Before that, nothing indeed obliged the motorists and to ensure the victims were doubly aggrieved at serious bodily injury, not only for their personal injuries but also to those third parties.
Meanwhile, an automotive Joint Office was created in 1955 to group self independent experts to estimate the cost of claims on behalf of insurance companies. The expert profession however will only be truly established until 1972.
Auto insurance is refined
The Law of 11 June 1976, establishes the bonus-mauls system to reward good drivers and punish the bad. The Insurance Code is formally established by the decree of July 16, 1976
Governments are gradually becoming aware that the family members of the insured or the driver is not insured as well as third and therefore no compensation for accidents. The law of 7 January 1981 will help to overcome this lack and consider the vehicle occupants as injured third parties. This law will therefore enable passengers to be systematically covered without having to take out a specific option.
On July 13, 1982, a law on compensation for victims of natural disasters is promulgated. Since then, all insurance contracts that cover damage to property including a mandatory insurance against natural disasters.
Accelerate compensation procedures, termination of contracts: the other great laws of the history of insurance
The Bad inter Law of 5 July 1985 has improved the situation of victims of traffic accidents and accelerated compensation procedures for all road accident victims.
The Chattel Act, which came into force on August 1, 2005, requires insurance companies to inform the insured at the earliest three months and no later than 15 days before the date of termination limit the possibility not to renew his contract Annual deadline. This helps to create competition to find a cheaper contract. This law avoids the automatic renewal of most contracts (including auto and home).
2015: The law makes auto insurance to drivers Haman freedom
The Haman law enforcement on 1 January 2015 provides for the termination of contracts of auto insurance at any time after one year subscription whereas before it was only possible to cancel a contract when it would expire.
By Rode
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