CASCO insurance rules Rosgosstrakh

The MTPL policy insures the liability of the car owner to the victim in an accident, CASCO insurance insures all risks that are not included in the MTPL, and denotes voluntary insurance of the vehicle. The CASCO Insurance Law regulates the rules and types of insurance.

With CASCO you can insure vehicles, various equipment and material assets that are in the car at the time of the accident, the life and health of the car owner and his passengers who are in the car at the time of the accident, as well as compensation for material damage caused to third parties as a result of the accident.

Legislative framework of CASCO

The CASCO insurance procedure is carried out according to several legislative acts:

• articles of the Law “On Protection of Consumer Rights” No. 2300-1,
• Federal Law "On the organization of insurance business No. 4015-1,
• resolution of the Supreme Court of the Russian Federation, on the application of legislative acts in courts, on registration of insurance by citizens of their property,
• Article No. 943 of Part Two of the Civil Code of the Russian Federation.

Insurance companies may offer their own conditions and rules for concluding an insurance contract.

What does the insurance premium rate depend on?

The price of insurance is influenced by many different factors:

• for what period is the contract drawn up? The shorter the insurance period, the more expensive the insurance premium, how the premium is paid, one-time or gradually in installments, the type of contract - full insurance or partial, as well as the availability of additional services, whether there is a deductible in the contract or not,
• information about the vehicle that is insured, name, brand popularity, frequency of theft of such vehicles, year of manufacture or age of the vehicle, what anti-theft system is installed,
• information about the driver, age according to the passport (if less than 21 years old, and more than 65 years old, the risk of accidents increases), time spent behind the wheel, driving experience, what is the longest driving experience without accidents,
• from the insurance company, how popular it is, what region it is located in, what special conditions and rules it offers.

Types of CASCO insurance

Insurance can be:

• full, when all types of risks associated with a motor vehicle are insured, theft, collision, fall, heavy objects falling from above, natural disasters of flood, earthquake, hurricane, hail,
• partial, when certain types of risks are insured, for example, only a collision with another car, in case of confidence in your secure garage and confidence in the environmental situation,
• aggregate, decreasing with each insured event,
• non-aggregate, having a constant amount of compensation payments, independent of the number of accidents.

IMPORTANT !!! In addition, the price of the insurance premium depends on the method of restoration of the car. This could be monetary compensation for the restoration of a vehicle, or restoration of the car at the insurer’s service station.

In the second case, the cost will be cheaper. Insurance payments are calculated taking into account the service life of the vehicle and spare parts, with and without wear and tear.

Main objects and subjects

Insurance rules consider the property interests of the insured as the main object of insurance. They, in turn, represent a set of risks:

• Associated with damage to property or its complete loss;
• Related to health damage caused in the event of an accident;
• Related to the loss or damage of individual equipment installed in the machine.

In this case, CASCO insurance may include all the above risks, individual categories or individual risks from each category presented above. Everything depends solely on the current offer of the insurance company and the client’s choice in each specific case.

It is mandatory that the insurance rules contain information about categories of vehicles that are not covered by CASCO insurance contracts. These include:

• Transport that is in a dismantled state that does not allow the vehicle to be used;
• Transport that is under any type of state arrest at the time of concluding the contract;
• Transport that does not have a valid technical inspection;
• Racing and test vehicles intended for testing purposes or participation in various competitions.

The main subjects of insurance are also regulated by insurance rules. They are insurers and policyholders, as well as third parties who, due to circumstances, may become participants in an insured event.

The insurer in this case is the company providing CASCO insurance services, the policyholder is the person purchasing the insurance product. Third parties may be, for example, passengers who have the right to receive compensation in the event of harm during an accident. Moreover, such a possibility must be written down in the contract at the stage of its conclusion.

What is a franchise

Very often, car owners are offered to include in the contract a deductible, an amount of monetary compensation that is not paid by the insurer, but the participant in the road accident pays for it themselves. Sometimes it is a certain percentage of the total insurance amount, or it may look like a certain amount.

There are the following franchise options:

1. Conditional. If an accident occurs, the amount of accrued damage does not exceed the deductible amount, and the car owner will not be able to receive any insurance payments. The insurance premium in this case is cheaper.

1. Unconditional, when the amount of damage caused to the car is greater than the deductible amount determined by the insurance contract, the car owner receives full monetary compensation, without any deductions.
2. Dynamic, when the amount of insurance payments decreases after each accident.

Bonuses and promotions

When purchasing insurance, insurance companies very often offer their regular customers various options to reduce the insurance premium. In this way, insurers try to attract new clients. All possible conditions are considered for certain persons and certain categories of car owners.

This takes into account:

• age of the car (insurance premium is higher if the life of the car is shorter),
• the car was purchased on a loan (CASCO insurance is required),
• driving experience of the car owner (the insurance premium for a driver with little driving experience will be higher),
• Is the car included in the risk list (make and model),
• Is an anti-theft system installed?

What are the conditions?

The terms of CASCO insurance depend on the policy of a particular insurance company, the region of residence of the car owner, as well as on a number of other indicators. Since voluntary insurance is not regulated to the same extent as compulsory insurance, insurers have the right to independently develop conditions.

The terms of the contract are influenced by such indicators as:

• statistics on thefts of a given make and model of car;
• prices for the purchase of vehicle spare parts, as well as prices for its maintenance;
• year of car manufacture;
• vehicle engine power;
• age and experience of the car enthusiast;
• type of insurance;
• whether there are security devices on the car, where the driver parks the car at night;
• selected additional services;
• car features, for example, insurance for right-hand drive cars is more expensive.

Insurance benefits may also vary depending on the conditions and may include:

1. Repair of the vehicle at the expense of the insurance company. The insurance company can provide repairs either from official dealers of the corresponding brand of car, or at its own service stations (repairs from dealers, as a rule, are more expensive).
2. Payment of funds for repairs based on the results of an independent examination, or payment after the fact after the provision of paid invoices for repairs. In this case, you should pay attention to whether the insurance company takes into account the wear and tear of car parts when calculating the cost of work.

In any case, this point must be reflected in the insurance contract.

New compensation amounts

New insurance amounts have been introduced for cash payments after the occurrence of an insured event.

The amended motor insurance rules for 2021 provide the following amounts:

1. When drawing up a European protocol on an incident, the insured amount is 50,000 rubles, previously this amount was half as much.
2. In order to receive compensation funds for the restoration of a car under CASCO, he should submit an application to the office of the insurer where the contract was concluded.
3. The minimum monetary compensation for worn-out parts and assemblies is 50%, versus 20% in the old version.
4. An insurance contract can be concluded at any branch of the insurer.
5. Car wear and tear has decreased to 50%, versus 80% in the old version.

How quickly can you get insurance?

To receive insurance monetary compensation for the restoration of technical specifications, you should collect the entire list of documents to submit to the insurance company. It is necessary to start from the moment the incident is registered and recorded in the protocols; 5 days are allotted for this, after the accident. When submitting an application to the insurance company, you should attach an identity card, a technical passport of the car and an insurance contract, as well as the entire list of documents drawn up at the scene of the accident.

Within 20 calendar days from the date of filing the application, the insurance company must provide a response. Either pay cash insurance compensation, or provide a ticket to a service station with strictly specified deadlines for restoration repairs, or a reasoned refusal to pay insurance compensation.

IMPORTANT !!! In case of violation of the terms of at least one of these points, the car owner has the right to receive a penalty in the amount of 1% of the amount of compensation for each subsequent day after the deadline. The amount of the penalty can be demanded for the entire period of delay if a justified refusal to pay was not sent to the policyholder on time.

An official guaranteed refusal to pay compensation funds will be in the following cases:

• radiation contamination of the territory,
• revolutionary unrest,
• military operations,
• nuclear explosion.

Such reasons are approved by law. There will be no payments if the car is confiscated, according to the decision of the judicial authorities.

Payments

Before a person signs an insurance agreement, it is necessary to carefully study the provisions of the document regarding the payment of payments.
The company issues funds upon the occurrence of the following events:

• caused damage to the insured vehicle as a result of an accident;
• a natural disaster occurred during which the vehicle was damaged;
• third parties committed unlawful actions, for example, they burned a car;
• car was stolen;
• it is no longer possible to use the vehicle.

You should carefully study the contract before signing. Important provisions affect the procedure for making payments. Often, insurance agents refuse to compensate for damage caused when it was the result of a violation of traffic rules by the owner of the car. As an example, speeding resulted in an accident. In this case, payment will be refused. This factor must be taken into account when signing the contract.

Ways to save on insurance

The insurance premium increases with the rise in prices for the car and spare parts, and in addition, due to fluctuations in foreign exchange rates. If back in 2013, the insurance premium for a vehicle on average cost from 4 to 6% of the price of the purchased car, now this amount is 6-12%.

Therefore, various methods are used to reduce the insurance premium:

1. Inclusion of the deductible amount in the insurance contract.
2. Conclusion of a break-even agreement (in cases where no accidents occur with the car owner’s car for a long time, which, accordingly, is not accompanied by monetary payments).
3. Conclusion of a partial insurance contract.

Existing types of voluntary insurance

Voluntary CASCO insurance can be of two types:

• Full insurance. In this case, the car is insured against all possible incidents, which are provided by the insurance company. These are most often theft, collisions, vandals, natural disasters, etc. Although this type of insurance is the most expensive, it is best suited for new cars, very expensive cars, and for less experienced drivers. Among other things, applying for a full package usually entails additional services: free evacuation, a commissioner’s visit, provision of a car to replace one that is being repaired, etc. It is worth noting that many banks, when applying for a car loan, require the conclusion of a voluntary insurance agreement with a full package of services ;
• Incomplete insurance (or partial insurance) is a contract that insures for one insured event or for several selected cases. Most often, motorists are partially insured against theft or damage (damage, in this case, is the complete destruction or destruction of the main parts of the car as a result of the actions of third parties or natural disasters).

In addition, CASCO agreements are divided, according to the type of payments, into:

1. Aggregate, when a certain amount of payments is established for the entire period of validity of the insurance contract, and if you have to contact the insurance company more than once, this amount will be reduced by the amount already issued earlier.
2. Non-aggregate – contracts in which there is no limit on the amount issued, regardless of the number of requests.

Let's look at the pros and cons of types of insurance:

Another popular type of insurance is a franchise. In this case, the contract provides for a set amount that is not paid to the insured upon the occurrence of an insured event. For example, if the deductible is twenty thousand rubles, and the damage is fifteen thousand, the car owner will not receive anything from the insurance company.