Because the main purpose of each insurance company – is to minimize their costs in case of an insured event. How do insurance companies achieve their goals? They distribute risks and responsibilities among all participants of insurance…
The tariffs of insurance companies are designed in such a way that the payments for insurance cases are covered by the amount of insurance premiums. In other words, the expenses of the company, which it bears upon the occurrence of an insured event, are covered by those owners of cars, whose insured event has not occurred. This is the reason for the high cost of the insurance policy.
Despite the fact that car insurance only from theft exists, it is impossible to insure the car against theft– such a policy would cost the owner almost as much as the pay for a packet insurance from car theft + damages. The insurers require the installation on the vehicle of anti-theft system and compliance with certain conditions to receive payments upon occurrence of the insured event. And if all the same happens misfortune and the car will be stolen-insurers will try to minimize the amount of payment.
Why is SurruS better? The main and only purpose of the project SurruS is that in case of theft to return to an owner his car! Specially in order to achieve this goal we have developed our own search algorithm and our own search network. And thanks to the use of blockchain technology in the project, every owner whose car could not be returned, will be able to get 100% of its market value!
Learn more about SurruS project on the website https://surrus.io