Who actually pays for the €65,000 total loss from a car accident?
When a car is overtaking on the highway in the left lane and suddenly a car from the right lane overtakes into the left lane and the first one crashes into the second one.
Who pays the €65,000 total loss? If both parties are insured, will the insurance company actually pay that much of the at-fault party's money, or will the at-fault party pay the entire damages, but what if they don't have any money? Will their car be seized?
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In this respect, motor vehicles have compulsory liability insurance: In order to pay the damage to the accident opponent you are guilty of. Say, the insurance of the accident debtor pays the damage of the other.
For damage to your own car, the debtor has either completed a cash insurance or he has to live with the fact that no one compensates for the damage.
It will be fun if not one is unambiguous and solely guilty. But his liability insurance begins, the other one has at least partial debt and she does not pay everything accordingly. Can many years of trials go about whether the debt distribution is now 80/20 or 75/25…
And this is the case, for example, when the overtaking on the left track was significantly faster than the target speed or the speed limit; the argument is that he has contributed to the accident process by having arrived faster than what the expellant could expect.
As long as there is no gross negligence or even intent, the insurance will pay.