With a motor insurance policy that can be included in your loan package, you can safeguard your vehicle against possible risks and spread your insurance payments over the duration of your loan.
If you have taken out a loan from Koçfinans but have not yet purchased motor insurance, you may start your coverage within 30 days following the initiation of your loan.
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Individuals who have taken out a loan from Koçfinans
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Legal entities with a guarantor who has taken out a loan from Koçfinans
Coverage
· Collision, crash, fire
· Theft
· Civil commotion, terrorism
· Flood and inundation
· Earthquake
· Third-party liability
· Personal accident
· Legal protection
· Unauthorized towing
· Cigarette burn damage
· Theft of keys
· Personal belongings coverage
· Moral compensation
· International coverage
· Medical expenses coverage
· Additional coverage based on vehicle usage (such as transported goods, loss of income, etc.
1- What is Deductible Motor Insurance?
Also known as insurance with deductible, this type of policy allows a premium discount determined by a mutually agreed deductible rate between the insurer and the policyholder at the time of issuance.
2- What is Non-Deductible Motor Insurance?
In non-deductible policies, the insurer covers the entire loss in the event of damage. For this reason, non-deductible motor insurance is generally more expensive than deductible policies.
3- How to Purchase Motor Insurance?
With a motor insurance policy that can be included in your loan package, you can protect your vehicle against potential risks. If you have taken out a loan from Koçfinans but have not yet purchased motor insurance, you may start your coverage within 30 days following the initiation of your loan.
Detailed information on coverage, exclusions, and limits can be found in the policy and general terms documents. At Koçfinans, you can conveniently spread your motor insurance payments over the term of your loan.
If you are wondering “What is the purpose of comprehensive motor insurance?”, it can be defined as a type of insurance that allows vehicle owners to protect their cars with additional coverage options beyond compulsory traffic insurance. Comprehensive motor insurance generally provides coverage against extraordinary risks such as accidents, theft, and fire.
In addition, it compensates for damages if your vehicle causes harm to another vehicle or property as a result of an accident.
You may be asking “What does motor insurance value mean?”. The motor insurance value is determined not only by the sales price of the vehicle but also by its brand, model, year, engine capacity, and other specifications. These factors define how much of the vehicle’s value can be insured. For example, newer vehicles or those with higher engine capacity generally have a higher insurable value.
The motor insurance value list determines the maximum amount that can be insured for a specific vehicle. This amount may be slightly lower than the sales price of the car, but typically it remains close to it under normal circumstances. Questions such as “How is the insurance value calculated?” or “What are the insurance costs?” are directly related to this list.
The motor insurance value list is periodically updated by the Insurance Association of Turkey and is based on vehicle specifications. During the policy issuance, the premium is calculated in accordance with this list, which also determines the indemnity amount payable in the event of damage. You can also check your vehicle’s insurance value based on this list.
Anyone who owns a vehicle can purchase comprehensive motor insurance, provided that certain conditions are met. Your age, intended use of the vehicle, and the vehicle’s features (such as age and market value) are among the factors that influence the insurance premium.
If you are a vehicle owner and would like to purchase motor insurance, you can apply directly through sigola.com.tr.
Motor insurance coverage varies depending on the type of policy selected. For instance, a limited policy includes only standard coverage, while an extended package provides protection against theft, fire, and other risks covered under standard comprehensive insurance.
Common types of motor insurance include:
Limited Coverage (Mini Insurance): A policy in which one or more of the standard coverages are excluded. Its main advantage is affordability compared to other policy types.
Extended Coverage: A widely preferred type that includes all main coverages, along with additional protection. It covers a wide range of risks, from natural disasters to damages incurred abroad, harm caused by animals, or losses resulting from incorrect fuel usage.
Full Coverage: In addition to the standard and extended coverages, this policy includes broader supplementary protections, offering the most comprehensive option.
Selecting the right type of motor insurance ensures peace of mind and financial security tailored to your needs