# Insurance policy

> Contract covering vehicle damage and third-party liability in accidents.

**URL:** https://quilometragem.com/glossary/insurance-policy

**Summary:** Contract covering vehicle damage and third-party liability in accidents.

- A vehicle insurance policy covers material damage to the car (comprehensive), third-party liability (TPL), 24-hour assistance, and theft.
- For BYOD vehicles used for business, policy should require minimum TPL (US$100,000 in the US, R$100,000 bodily + R$50,000 property in Brazil).
- An expired policy makes business use infeasible.

A vehicle insurance policy covers material damage to the car (comprehensive), third-party liability (TPL), 24-hour assistance, and theft. For BYOD vehicles used for business, policy should require minimum TPL (US$100,000 in the US, R$100,000 bodily + R$50,000 property in Brazil). An expired policy makes business use infeasible.