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Under the insurance agreement the followings can be insured:
The Insured/Beneficiary’s property interests related to the ownership, use and disposal of the insured vehicle (V) which may be damaged in case of insurance event occurred directly from the risks specified in the agreement.
Insured risks:
Loss or damage to the vehicle
loss or damage to the insured vehicle resulted from traffic accident, fire, explosion, objects hit, natural disasters and third parties’ illegal acts occurred within insurance period and insurance territory.
Third party`s civil liability
the Insured’s civil liability for harming life, health and/or property of third parties resulted from the insured vehicle operation within insurance period and insurance territory.
Accidents with driver and passengers
bodily injuries received by passengers and driver being in the vehicle at the time of accident occurred within insurance period and insurance territory.
The procedure for insurance indemnity payment:
If case of loss or theft of the vehicle - in the amount of damage suffered but not more than insurance amount specified in the agreement minus set deductible.
In case of damage to the vehicle - the Company has the right to repair the V or compensate in the amount of order/expense estimate for carrying out the recovery made by authorized expert organization but not more than insurance amount.
The company will also reimburse expenses:
- related to elimination of hidden damage detected during the vehicle repair caused by insurance event and documentarily confirmed by authorized expert organization;
- related to assessment of the damage to the V upon occurrence of insurance event made by an authorized expert organization.
In case of bodily harm and/or material damage to the third parties - in the amount of damage caused by the Insured for bodily harm and/or material damage to third parties (or in the amount set by the court decision) but not more than insurance amount specified in the agreement.
In case of injury by the driver and passengers the insurance indemnity is paid in the following ratio:
- for minor bodily injuries resulting in short-term health disorder or minor permanent disability - 10%;
- for moderate bodily injuries - 40%;
- for serious bodily injuries - 80%;
- in case of death of driver and passengers - 100%.
The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Accident Report by transferring to the Insured’s/driver’s/passanger’s or the Beneficiary’s bank account.