How claims histories are taken into account better?
Under the new law, insurance companies have more flexibility in determining the basis calculation of insurance premiums. For example, it's be possible to take the claims history of one vehicle into account in pricing the insurance for a number of vehicles.
As before, the law obligates insurance companies to take a person's claims history into account in insurance premiums.
What effect does the law have on cases where a vehicle has multiple users? Whose claims history is be taken into account when determining the premium?
The price of motor liability insurance is not only determined by the claims history. It is instead calculated from several of risk factors known as tariff factors. The price is affected by factors relating to both the driver and the vehicle.
The reform of the Act governing motor liability does not change the way these factors are assessed, but continues to be based on calculated actual risks.
In principle, the risk factors related to the user, including their history, are assessed according to the main user of the vehicle (in practice the owner and/or holder of the vehicle). If the vehicle has several holders, it is possible in insurance companies' products to take the claims histories and other risk factors related to the users into account.
Claims history data are specific to each individual policyholder, so they can no longer be transferred to another person. However, when the insurance premium is determined, the insurance company may also take into account the claims history of a vehicle owned or controlled by the client's spouse. This is possible in situations where, for example, both spouses have used the vehicle or the vehicle will also be used by the policyholder's spouse. Each company decides for themselves how they use the claims history data and whether they take into account the data of more than one person.
Claims history data are specific to each individual policyholder. Does this mean that, should an accident occur with one vehicle, this will also have effect on the bonuses of the policyholder's other vehicles?
Not necessarily. It depends of the insurance terms and conditions of the company concerned. Check with your own insurance company.
Can a company insure its whole fleet with one insurance policy, or does each vehicle have to be insured separately?
The new law enables companies with a registered Business ID to insure their whole fleet with one policy, without distinguishing separate vehicles. This is known as group motor liability insurance. However, insurance companies are not obliged to grant group policies. These can be agreed upon separately. In practice, this kind of solution is best suited to large freight forwarding companies or similar that have large fleets of vehicles.