Behavior of Insured Parties
The Insured may not order the repair of the insured vehicle without prior inspection and authorization of the Company.
The Insured may not admit his total or partial liability, compromise, make promises of payment, or pay any amount without the prior written consent of the Company.
Failure to comply with the above points shall exonerate the Company from the obligations that may derive from this policy.
Deductible: The amount that the insured undertakes to pay for all losses suffered by the insured vehicle.
Coinsurance: The percentage of each loss or damage that the insured assumes on his own account, in each and every one of the losses suffered by the insured vehicle.
The insured will pay the Deductible or Coinsurance (whichever is greater) at the time the repair order is received.
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