Motor Own Damage Insurance

Why Do I Need Motor Own Damage Casco Insurance?

Voluntary motor own damage insurance (Casco) will help you cover the costs that might arise if your vehicle happens to be in an accident.

E.g. Problem. Driving along a road, suddenly a pebble spins up off the road from a vehicle in front of you and causes a large crack in your windshield.

Solution. Super Casco insurance compensates the expenses of a new windshield with no deductible. With Casco insurance, it is possible to insure different types of vehicles – cars, trucks, trailers, busses, agricultural machinery, etc. If you have purchased or leased the vehicle by means of leasing, a Casco insurance contract is generally required.

What Are the Possibilities of Insurance Coverage ?

With Casco you can insure your vehicle against the following risks:

• Traffic accident
• Natural disaster
• Fire
• Vandalism
• Theft, robbery and stealing of a vehicle (it is also possible to conclude a policy without theft cover).

You can choose between policies that offer different levels of insurance coverage, e.g. Full Casco, Partial Casco or Mini Casco.

In addition to your vehicle, Casco insurance allows you to insure vehicle accessories. In some cases, the insurance company requests a list of accessories, that will be included to the insurance policy.

PS! A working immobilizer and alarm are required for Casco insurance against theft.

Additionally, you can choose following insurance possibilities:

• Vehicle replacement expenses
• New value insurance
• Glass insurance
• Lease payment coverage
• Lease value insurance
• Passenger accident insurance

How to Choose the Right Insurance Company?

You should pay attention to the following questions:

• Insurable interest – let your broker know what your insurable interest is (i.e. which risks to you wish to be insured against). This information will help your broker to compile a proposal containing only the insurance companies that are able to ensure the coverage of your insurance interest.
• Risks and conditions – above all, you should take into consideration risks covered by the insurance and conditions of insurance coverage rather than the size of insurance premium.
• Exclusions – what are the exclusions in receiving insurance indemnity or reasons for its reduction. Losses or expenses not compensated by the insurance company are described in policy conditions.
• Deductibility – how large is the deductibility limit of the policy. Deductibility is the minimum sum below which insurance company does not compensate for the damage and it is the duty of the client to take care of the costs.
• Clarity – make sure that you have fully understood all the concepts as well as your rights and obligations. You should know what is the insured object, what is considered an insured event, what are the principles of compensation and dispute settlement procedures.
• Obligations – you should bear in mind the obligations of the policyholder stated in the terms of non-life insurance contract, including time limits and procedures for reporting loss events. If the obligations are dismissed or fulfilled insufficiently, insurance company has the right to reduce insurance indemnity or refuse all payment. Usually, the obligations are related to the following of safety requirements; all activities that might increase the risk are prohibited.

How to Get the Best Offer?

There are 3 ways of getting the best offer:

• Fill out the this form.
• Leave us a reminder letting us know when your policy expires and we will contact you to put together an offer. You can do this by filling out the form on the left of the page.
• Contact us by phone: you will find our contacts here.

What are Limitations and Exclusions?

Exclusions are losses are expenses that will not be compensated by the insurance company. You will find all general exclusions in terms of reference of the insurance contract. You should read these before concluding the insurance contract. Terms may include:

• General exclusions, such as war, terrorism, strike, coup d'état, insurrection, civil disturbance, etc.
• Exclusions related to the driver. For example, insurance usually does not compensate for losses if the driver was intoxicated at the time of accident, was driving at excess speed or left the scene of the accident.
• Exclusions related to the use of the vehicle. For example, insurance usually does not compensate for losses if the vehicle was used on a road or in an area closed for traffic (airports, quarries, unofficial ice roads, etc).
• Exclusions related to the technical condition of the vehicle. For example, insurance usually does not compensate for losses caused by an insufficient quantity of engine oil, poor vehicle repair, using substandard fuel, worn tires, etc