The SOAP, or Compulsory Personal Accident Insurance , aims to cover expenses related to the victims of traffic accidents in which our vehicle is involved as well as the driver and his companions. However, the SOAP will only compensate for the medical expenses related to the injuries of the third parties involved. The Civil Liability coverage compensates for damages caused to third parties due to an act for which the insured is responsible. It can be of three types: Emergent Damages, Loss Profit and Moral Damage.
How does third party auto insurance work?
The objective of auto liability insurance is to offer protection against damage to third parties or their personal property, whether or not it is transported in the vehicle and regardless of who is driving the car. Third parties are considered to be all persons who do not have any degree of relationship with the insurance holder, whether through blood, legal, labor or proximity ties. In turn, the assets to which this insurance refers do not include those that are in the possession of the insured.
In the event of an accident and injuries, Carabineros de Chile must be notified immediately. It is essential to contact the insurance company in order to initiate the corresponding procedures to activate the policy. In this sense, it is important to take into account the deadlines established by the insurer to contact them when a claim occurs.
If the holder is responsible for the loss, the insurance company will cover all the expenses that occur due to damages to third parties and that are detailed in the policy. Of course, the corresponding maximum amount will be detailed there and, in the event that the damages exceed that value, the owner will have to pay the remaining part. If, on the other hand, the person responsible for the loss is another person, the insurance company will initiate actions against the person responsible so that he pays the amount corresponding to the compensation.
MAPFRE offers the most complete coverage in terms of auto insurance and offers various alternatives to insure a vehicle, including SOAP. Having insurance that covers civil liability is essential, since, in the event of an accident involving injuries or injuries, the insurance company will respond for us to cover the expenses incurred. In addition, these insurances usually include complementary coverage, so hiring a policy of these characteristics will give us additional support. Liability insurance, along with SOAP, is the most complete coverage to drive a vehicle with peace of mind.
