Car Insurance

It covers the economic damage suffered by the affected third party or the insured as a result of extracontractual civil liability in which, in accordance with the law, the insured incurs while driving the vehicle described in the policy or any other person authorized to drive said vehicle, from a traffic accident or series of traffic accidents emanating from a single event caused by said vehicle.

When the insured person described on the policy cover is a natural person, the present protection extends to civil liability for the driving of other private use vehicles by him, so long as they are cars, campers or vans.

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When the insured vehicle has public plate or is for commercial use and is covered by the Extracontractual Civil Liability mandatory insurance, the insured sums indicated in this coverage will operate in addition to those established in said mandatory insurance granted for Passenger Automotive Land Collective Public Transport companies, as indicated in decrees 170 thru 175 of 2001.

The patrimonial detriment suffered by the insured deriving from damages to the insured vehicle that imply the loss of its technical-mechanical operation ability or affectation of its chassis, that is, that the suffered damage is such that technically its recovery or repair is not possible and requires the cancellation of the vehicle’s registration.

In order for the cancellation of the vehicle’s registration by the insured to be approved, prior expert assessment, carried out by SEGURESTADO and the duly accredited representatives of the brand, to determine the total loss for damages, will be required.

Any damage to the equipment and/or accessories installed to the vehicle after leaving the factory, caused by any kind of accident, is also covered, provided that such accessories or equipment have been insured and are specifically mentioned in the policy cover and in the vehicle inspection report

The patrimonial detriment suffered by the insured deriving from damages to the insured vehicle, when the sum of the value of the spare parts, necessary manpower, unforeseen repairs and sales taxes is above seventy five percent (75%) of the commercial value of the vehicle or the insured value at the time of the loss, whichever is lower.

Any damage to the equipment and/or accessories installed to the vehicle after leaving the factory, caused by any kind of accident, is also covered, provided that such accessories or equipment have been insured and are specifically mentioned in the policy cover and in the vehicle inspection report.

Protection will be determined when the damage suffered by the insured vehicle does not constitute loss of its mechanical technical operation ability or affectation of the chassis in a way that such technical damage is irreparable insofar as it prevents commercial transactions and does not obligate the cancellation of the vehicle’s registration.

PARAGRAPH:

In accordance with the provisions of the Ministry of Transport on the physical disintegration of a motor vehicle, the insured is not authorized to unilaterally determine the cancellation of the registration.

The patrimonial detriment suffered by the insured deriving from damages to the insured vehicle, when the sum of the value of the spare parts, necessary manpower, unforeseen repairs and sales taxes is below seventy five percent (75%) of the commercial value of the vehicle or the insured value at the time of the loss, whichever is lower.

Any damage to the equipment and/or accessories installed to the vehicle after leaving the factory, caused by any kind of accident, is also covered, provided that such accessories or equipment have been insured and are specifically mentioned in the policy cover and in the vehicle inspection report.

The patrimonial detriment suffered by the insured deriving from the seizure by a third party of the insured vehicle or its insured parts, as well as damages to its insured parts or accessories, that originate from their theft or theft attempt and when the value of the insured parts or accessories that have been the object of theft or damage as a result of theft or theft attempt, is equal to or greater than seventy-five percent (75%) of the commercial value of the vehicle or the insured value at moment of the incident, whichever is lower.

Also covered under this protection, is theft or damage as a result of theft of equipment and/or accessories installed to the vehicle after leaving the factory, provided that such accessories or equipment have been insured and are specifically mentioned in the policy cover and in the vehicle inspection report.

The patrimonial detriment suffered by the insured deriving from the seizure by a third party of the insured vehicle or its insured parts, as well as damages to its insured parts or accessories, that originate from their theft or theft attempt and when the value of the insured parts or accessories that have been the object of theft or damage as a result of theft or theft attempt, is lower than seventy-five percent (75%) of the commercial value of the vehicle or the insured value at moment of the incident, whichever is lower.

Also covered under this protection, is theft or damage as a result of theft of equipment and/or accessories installed to the vehicle after leaving the factory, provided that such accessories or equipment have been insured and are specifically mentioned in the policy cover and in the vehicle inspection report.

The patrimonial detriment suffered by the insured deriving from the damage to the insured vehicle as a result of tremor, earthquake, landslide, volcanic eruption, flood, hail and in general, by any event caused by nature.

SEGURESTADO will indemnify total and partial damages of larger or minor claims when insurance is purchased through them, and subject to the stipulated deductibles, suffered by the insured vehicle as a result of terrorist acts, subversive movements, riots, strikes and popular commotion of any kind, with the exception of private vehicles traveling on national roads and public service vehicles that are providing service.

SEGURESTADO will compensate Extracontractual Civil Liability incurred by the insured and the total or partial damages of larger or minor claims when insurance is purchased through them, and subject to the stipulated deductibles, even when the driver disregards the regulatory traffic signals, does not obey red traffic lights, drives at a speed that exceeds the maximum allowed or when under the influence of alcoholic beverages, toxic, heroic or hallucinogenic drugs.

It is understood that this protection does not exempt the driver of the vehicle from civil liability, unless the driver is the insured, his relatives in direct or collateral blood line up to second degree of consanguinity (inclusive adoptive father, adopted son or non-divorced spouse or permanent companion, for which SEGURESTADO may subrogate against said driver up to the full compensation paid, in all the rights of the insured.

In case of compensable loss, for total or partial damages of larger claims or theft of larger claims of the insured vehicle, SEGURESTADO will recognize in addition to the compensation as transportation expenses, the specified daily amount, settled from the day following the notification of the incident to SEGURESTADO until the compensation becomes effective, without exceeding in any case the agreed number of common days.

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When the insured is authorized the replacement vehicle coverage indicated in section M, he will not be entitled to this coverage.

SEGURESTADO provides the insured and/or the driver of the insured vehicle with specialized legal services for judicial proceedings that are initiated against them as a result of a traffic accident covered by this policy, as follows: 1. In civil proceedings as defendant, in all stages of the process that may take place and before the different competent civil judicial authorities. 2. In criminal proceedings, in the different oral hearings of the process, initially as defendant before the supervisory judge and then before the competent judge against the accusation made by the respective prosecutor. Also, for the defense in the hearings and in the examination of the incidental issue of redress. In general, legal assistance in each and every one of the hearings that take place in the criminal process, before the competent Public Prosecutor's Office, the supervisory judge and the trial judge. 3. Legal assistance in traffic violation administrative procedures, conducted in the corresponding transit offices, to determine the administrative responsibility for the violation originated in the traffic accident. Likewise, SEGURESTADO will provide to the process and at its expense, the technical tests it deems appropriate for the defense of the insured or authorized driver, services which shall be contracted with the firms chosen by SEGURESTADO.

PARAGRAPH 1:

If the responsibility foisted onto the insured comes from an event that is demonstrated to not be covered by this policy, no legal assistance will be provided as defined here.

PARAGRAPH 2:

If the insured faces the process against express order of SEGURESTADO, no legal assistance will be provided as defined here.

PARAGRAPH 3:

The granting of this protection will be subject to the following conditions:

• Coverage granted in this protection involves an obligation of "means" and not of result.
  
• Legal assistance will be contracted directly by SEGURESTADO with appointed legal expert and qualified professionals. This protection will not be recognized if the insured and/or driver contracts it directly.
• When the insured named on the policy cover is a natural person, the legal assistance extends to other authorized private service vehicles driven by him, so long as they are cars, campers or vans

Demonstrated expenses incurred by the insured, in a necessary and reasonable manner, to protect, transport or crane tow, including overturning and/or location of the insured vehicle on the road, and from there to the repair workshop, garage or parking lot in case of total loss of damage, partial loss of larger or minor claim covered by this insurance, or from where it shows up in case of theft of larger or minor claims, up to an amount not exceeding 20% of the compensation.

If agreed on the policy cover, SEGURESTADO, will offer a replacement vehicle for private family vehicle policies through a specialized rental company, in any of the following events:

Up to thirty days (30), when a formal claim for total or partial loss or damages of larger claims or theft, upon formalization of the claim to SEGURESTADO.

Up to fifteen days (15), in case of loss or damages of minor claims when the repair time exceeds ten (10) days according to the SEGURESTADO schedule.

The replacement vehicle coverage time will end on the day in which the insurer makes the compensation payment or delivers the vehicle duly repaired without exceeding the times indicated above.

The vehicle offered will be an economy-compact type. In case the insured wants a higher category, he must assume the corresponding cost difference.

SEGURESTADO will authorize the insured by means of a letter to withdraw the replacement vehicle, and must sign the guarantees and fill in the requirements of the supplier authorized by the Company.

This service will be provided in the following cities: Bogota, Cali, Medellin, Barranquilla, Bucaramanga, Cartagena, Ibague, Manizales and Pereira.

PARAGRAPH:

When the insured is authorized to cover the transportation expenses indicated in section J, he will not be entitled to this coverage.

• Death or injury to occupants of the insured public service or commercial use vehicle intended for the transport of passengers, cargo, school transport and ambulances.
• Death or injury to persons or damage caused by transported objects, except in crash or overturning.
• Death or injury to persons who, at the time of the accident, are repairing or attending to the maintenance or service of the insured vehicle or who are being transported in the exclusive loading of the motor vehicle.
• Death or injury suffered by the policyholder, the driver of the vehicle, the insured and their relatives in direct or collateral blood line up to second degree of consanguinity (inclusive), adoptive parents, adopted children or non-divorced or companion or permanent spouse, or the employees of the insured.
• Damage caused by the insured vehicle to things transported in it or to assets over which the policyholder and/or the insured, their relatives in direct or collateral blood line up to and including second degree of consanguinity, adoptive parent, adopted child or non-divorced or companion or permanent spouse or employees of the insured have ownership, possession or possession.
• Death, injury or damage that the insured or the authorized driver causes intentionally with the insured vehicle to third parties or their property.
• Damage to bridges, roads, trees, viaducts, traffic signs, traffic lights or vehicle weighing scales, caused by vibrations, weight, height or width of the insured vehicle.
• Driving of the insured vehicle by persons not authorized by the policyholder and/or the insured.
• Damage caused by pollution or environmental contamination.
• When it intended to charge SEGURESTADO for subrogation, repetition or other similar actions, by healthcare promoting companies, subsidized regime administrators, solidarity healthcare companies, compensation funds and similar entities, professional risk managers, prepaid medicine companies, healthcare policies and, in general, any entities in charge of the administration and/or rendering of services within the general social security system, the amounts ​​recognized by them, on the occasion of their own legal and/or contractual obligations .
• Contractual civil liability of the insured.
• Damages that cannot be classified as financial, unless expressly agreed they will be covered.
• Death, injury or damage to material goods, provided that the cause thereof is due to the infraction of the technical specifications provided for in the current regulations for the insured vehicle.
• When transporting hazardous, flammable or explosive goods and this is the actual cause of the accident.

This policy that not cover the following events:

• Electrical, electronic, mechanical damage or failures due to the use or natural wear of the insured vehicle, or deficiencies in lubrication or maintenance. However, the losses or damages suffered by the vehicle, consequential to said causes, if causing an overturn, collision or fire will be covered by this policy.
• Damage to the insured vehicle for continuing to operate or restarting it, after the accident or impact due to an element external to the vehicle.
• Damage caused to the insured vehicle by the transported objects, except in cases of collision or overturning.
• Damage to the vehicle due to direct or indirect cause of international or civil war, declared or not, or by acts of foreign forces.
• Damage as a direct or indirect consequence of nuclear reaction or radiation or radioactive contamination.
• Damages, anomalies or defects presented by the vehicle at the time of inspection, which have been recorded in the inspection report or similar document, which shall make an integral part of the policy.
• Losses or damages when the vehicle does not move by its own means or is part of a load, except when towed by a specialized vehicle after an accident or due to a mechanical breakdown.
• Non-original accessories of the vehicle and those not necessary for its normal operation, except those that have been expressly included in the policy.
• Damage suffered by the insured vehicle due to theft or theft attempt when theft coverage has not been purchased.
• Theft between co-owners, abuse of trust, misappropriation, breach of contract whose subject is the insured vehicle.
• When the driver does not have a driving license, or has a suspended, canceled or false license or not suitable for driving a vehicle of the class or conditions stipulated in this policy, in accordance with the category established in the license.
• When the vehicle is overloaded (passengers or cargo), it is used for a use or service other than that stipulated in this policy; is used for driving instruction, participation in automobile competitions or training of any kind, or when the insured vehicle (except cranes and tugs or tractors) is used to tow another vehicle.
• When the insured vehicle has a private service license plate, is leased or rented and has not been previously notified and authorized by SEGURESTADO.
• Civil liability and loss or damage when the insured vehicle is immobilized or withheld by decision of a competent authority, seized by a custodian, used or confiscated by any authority.
• When the insured vehicle has illegally entered the country, its registration is fraudulent or does not have the certificate of compliance with requirements and/or scrapping or it has been obtained irregularly, its possession is illegal, or it has been the object of an illegal act against property, whether these circumstances are known or not by the policyholder, insured or beneficiary.
• Parking costs and the deterioration of the insured vehicle due to not having been removed within the month following the objection of the claim.
• Damage caused to the insured vehicle as a result of terrorist acts, subversive movements, riots, strikes and popular mobilizations of any kind.