In Spain someone All-Risk Car Insurance (Todo Riesgo) closed, almost always sees the word franchise in the policy are listed.
In Dutch we speak of a Exemption of own risk).
Many drivers know that it has ‘something to do with the deductible.’.
But what does that mean specifically for your car?
What is a franchise (exemption)?
A franchise or Exemption is the amount you pay yourself for damage to your own vehicle before the insurer intervenes.
This applies exclusively to damage to your own car within a All Risk Coverage.
Example:
- Your policy has a franchise/exemption of €300
- You caused the accident yourself.
- The repair costs €2,400.
You pay €300.
The insurer pays €2,100.
Is the damage €250?
Dan pays for everything himself.
When does the exemption apply?
When it comes to car insurance in Spain, the franchise usually at:
- Damage by a mistake
- Parking damage without counterparty
- Vandalism
- Too bad by a unknown Perpetrator
- Collision with a pole, wall or curbstone
In case of damage to third parties (civil liabilityis there no exemption.
The insurer will then pay in full according to the coverage.
Large amount or percentage?
In Spanish car insurance, the deductible is usually a large sum, for example:
- €200
- €300
- €600
The higher the deductible, the lower the premium is typically.
A percentage exemption is less common for vehicles, but can occur with specific contracts or leasing formulas.
Why do Spanish car insurance policies work with a deductible?
An exemption ensures that:
- minor damage not automatically be indicated
- affordable housing stay
- drivers more conscious approach with damage claims and how to correctly report damage in Spain
At Spain come many more minor damages for then in Belgium or the Netherlands, such as:
- scratching in parking lots
- light collisions in narrow streets
- tourist traffic
- seasonal crowds
With a deductible, you pay for smaller repairs yourself, while remaining protected against larger costs.
What is a sensible choice?
That depends on your situation.
A higher exemption can be interesting if:
- u seldom damage has
- you financial reserve
- you are want to keep the premium lower
A lower exemption can provide more peace of mind if:
- u often drives in busy cities
- your car still a high value has
- u unexpected costs want avoid
Summary
- Franchise is the Spanish term for Exemption
- It is the amount you pay yourself for damage to your own vehicle
- It applies to All Risk (Todo Riesgo)
- Third-party damage is not covered.
- She influences directly your premature
Anyone who understands how the excess works will not be surprised by damages and can make a conscious choice within Spanish car insurance.
Are you unsure about your car insurance or deductible? Avoid unexpected costs in case of damage. Receive your car insurance proposal
