CASCO insurance details and company selection rules

03 May 2020, 06:33 | The Company
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What is CASCO Unlike compulsory motor third party liability insurance, CASCO is a voluntary option to conclude a transaction with the insured. It is impossible to drive a car without compulsory motor third-party liability insurance, it is possible to drive a car without hull insurance, but when an insured event occurs, the interests of the car owner are largely protected by a voluntary policy.

The famous insurance company Oranta is one of the largest in Ukraine. The organization is engaged in almost all types of insurance, including CASCO policies.

Key benefits for car owners:.

the amount of compensation is limited only by the cost of the machine and the terms of the contract;

receipt of payments takes no more than seven days from the date of application;

the payer is the insurance organization with which the client entered into a transaction.

The CASCO policy issued by the Oranta company “works” not only in case of traffic accidents, but also in other insurance cases - theft, theft, arson, natural disaster, total destruction of the car. Car insurance covers the interests of the injured party through the fault of the vehicle owner. And his damage is covered only by an amount limited to 260,000 UAH. according to the current legislation. Therefore, most Ukrainians draw up a voluntary insurance policy along with a car citizen. You can submit a request for CASCO on-line on the company's website.

What CASCO tariffs depend on To a large extent, the CASCO price is tied to the market value of the car. But this is not the only criterion that insurance companies take into account.. A number of parameters are taken into account:.

vehicle age;

vehicle specifications;



age and driving experience of all drivers of the insured vehicle;

statistics of car thefts of a particular brand;

cost of spare parts and maintenance.

The list of criteria affecting the final price of the policy is determined by the insurer. But the undoubted advantage of CASCO is a large amount of damage coverage. The amount of damage is determined through an independent examination, after which the policyholder receives appropriate payments.




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