We can encounter many dangers in traffic during the day. In order to secure these risks, car insurance products are our savior. Among these products, compulsory traffic insurance guarantees damage to the other party as a result of a traffic accident, and car insurance guarantees damage that may occur to your car within the guarantees and limits specified in the policy. Are the limits of these insurances sufficient to cover all costs?
It may be helpful to answer this question while explaining the optional financial liability insurance product. Now, let's find out what is IMM and what are its limitations.
What is optional liability insurance?
Voluntary motor vehicle liability insurance, known as Optional Liability Insurance (IMM), is an additional security you can get in addition to your car insurance. IMM is a guarantee that comes into effect when the roof insurance amount for traffic insurance is not enough to cover the total damage. In other words, it covers residual damage according to the policy limits.
What are the general conditions for voluntary financial responsibility?
IMM insurance terms vary according to the limits and guarantees specified in the insurance policy. However, in general, an IMM guarantee is your guarantee for the portion that your traffic insurance cannot pay. Because IMM aims to protect not only physical damage, but also moral losses. In other words, in cases of death or disability as a result of an accident, IMM Insurance pays the compensation amount within the terms of the policy.
Let's exemplify IMM insurance as follows: Suppose the cost incurred on the other party's car as a result of an accident is 300,000 TL and the insurance amount specified in your insurance policy is 100,000 TL. 100,000 TL, which is the insurance cost for your traffic insurance, is paid by the insurance company you contracted with. However, you must pay the remaining 200,000 TL. In such a case, discretionary liability insurance ensures that there is no money in your pocket and pays the remaining amount within the policy limits.
What are the limits of optional liability insurance?
It is very important to pay attention to the limits of IMM insurance while taking out an extended car insurance policy for IMM insurance. Because if you get into a large-scale accident as a result of bad luck, major damage may occur. You can easily meet this with IMM, which you can purchase at reasonable prices.
IMM limits can be in the range such as 100,000 TL or up to 1,000,000 TL. For this reason, it is useful to find out your IMM insurance limit by speaking to the insurance company that will issue the insurance policy.
What conditions are excluded from IMM coverage?
The scope of optional liability coverage may vary according to insurance companies. However, we can list some situations that are not covered by IMM warranty as follows:
Damage caused to the insured himself
Damage caused by transporting explosives, excluding reserve fuel
Costs incurred as a result of an accident resulting from repairs, maintenance or modifications to the vehicle
Damage incurred by the vehicle described in the policy and the goods transported by this vehicle, excluding passenger baggage and similar items.
Damage that may occur as a result of participating in speed races or during training on the race track
When purchasing IMM coverage in your car insurance policy, it is important that you learn in detail what situations your insurance company does not cover. At this point, it is a good time to explain how to get an IMM warranty.
How to get optional financial liability insurance?
It is very easy to get an IMM warranty. The only thing you need to do is to have car insurance and add IMM coverage as additional coverage to your car insurance.
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If you want to insure the damage that may occur to your own car in a potential accident, within the limits and conditions specified in the insurance policy, you can obtain a car insurance quote specific to the features and needs of your car on our website. Then you can get a helmet if you wish. In addition, you can learn more about vehicle insurance in our article titled “