In the event of damage resulting from a motor vehicle collision for which the driver of another vehicle is at fault, the injured party may choose to seek compensation from the perpetrator’s insurance company under its compulsory third-party liability insurance, or to use its own CI insurance (if it has any). It should be borne in mind, however, that compensation from CI insurance is generally subject to different conditions than compensation from the accident-driver’s compulsory third-party liability insurance.
read moreWhat are the consequences if the lessor (leasing company) terminates the leasing contract before the contract expires due to the lessee’s late payment of monthly installments? What happens to the car – does it remain at the lessee’s disposal? How can I defend myself against termination of the contract? Is it possible to renew the leasing contract?
read moreCar rental companies have different profiles and different target customer groups (e.g., replacement car rental companies, long-term rental companies, premium car rental companies). In any case, the fundamental challenge for a newly established company is to acquire a fleet of rental vehicles. The simplest solution is to purchase vehicles, but this requires having sufficient capital or taking a loan. Therefore, a good solution is a lease agreement or a vehicle rental agreement – they allow the rental company to spread the cost of obtaining a car over time. But in each case, is the possibility of profitably providing customers with owned vehicles unlimited?
read moreNowadays we can observe a general interest of entrepreneurs in leasing as a form of financing investments – such as e.g. a car. What is leasing? How is it different from a lease? What is a financial leasing and what is an operating leasing?
read moreIn the event of a road collision which resulted in a damage on your car, the most obvious way to repair the damage is to seek compensation from an insurance company. There are two possible ways to deal with this issue: if the other driver was the perpetrator of the damage, you are entitled to seek compensation under vehicle liability insurance (“OC insurance”). However if you entered into an own-damage vehicle insurance agreement (“AC insurance”), you are entitled to seek compensation from the insurance company regardless of whose fault the collision was. What should you take into consideration when making a decision? What are the differences in settlements under both of the insurance types?
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