Is a binding contract obliging the insurer (insurance company) to compensate the insured for his loss as a result of an accident covered in the insurance contract and the various ways of compensation repair or replace or pay a sum of money for a premium determined on the basis of the value of the car (market value). Types of car insurance: - - Third party insurance (civil liability to the public) - full insurance. - Third party insurance with the addition of fire and theft risk.