CASCO risks insurance: conditions, risks, auto insurance objects

Having made a decision on the need to insure their ownauto (on its own initiative or under the pressure of external factors), a person starts to search for a suitable insurance company. A potential client usually looks at the tariffs of the insurer first, and only then pays attention to the other terms of the contract (and not always). But the tariff in many respects will depend on the conditions on which the objects of auto insurance will be insured.

Despite the fact that CASCO is a voluntarycar insurance of the client's car, without it there will not be a single credit deal. So for many car owners this agreement becomes voluntary-compulsory. In order to better understand the terms and choose an insurer, you need to understand first how CASCO differs from OSAGO. The main differences between these two types of insurance are auto insurance objects. If in the first case these are third parties (that is, the life and health of other participants in the movement are insured, as well as their property, including cars), then when car insurance is the only object of insurance will be the car itself.

Choosing the conditions on which to compilethe CASCO contract, the client should understand that a low tariff under the contract is necessarily accompanied by either a high deductible or an exception to the list of some risks. Both points are very important and may in the future affect whether compensation will be received in the event of an event.

The deductible (that is, the amount deducted from the refundat its payment) can be specified both in percentage from cost of a car, and in rubles. If the car insurance provides for a high deductible, then it is only reasonable to apply for compensation if there are serious damages. Such contracts, as a rule, are concluded for credit cars, reducing the tariff at the expense of the franchise, when the client does not really need insurance, and he perceives it only as additional costs.

With regard to the risks from which insuredobjects of auto insurance, then the situation is as follows: if auto credit, then they choose a bank, and the client can not exclude any of the items in order to reduce the insurance premium. If the insurance is not related to the loan, then the client chooses what to include in the contract and what is not. In the case when auto insurance objects are insured for all risks of CASCO, the contract extends to an accident (both through the fault of the driver and without it), illegal actions of unauthorized persons (including theft), natural disasters, falling objects, trees, fires or spontaneous combustion.

To reduce the cost of insurance, the customer canto refuse points that, in his opinion, are unlikely. As a rule, natural disasters and fire are excluded from the contract, leaving only road accidents and theft. With an average franchise level of 2-4% of the insured amount, insurance can be 2 times cheaper. Objects of auto insurance can be vehicles of both private individuals and enterprises.

Many insurers set a maximumthe age of the car, which can be insured by CASCO, increasing the tariff for cars older than 8, 9 or 10 years in 1.5, and even 2 times, or even refusing to insure such vehicles.

Choosing an insurance company, which willthe CASCO contract is concluded, and also, considering various conditions of the contract, it is necessary to concern attentively to the given process that in case of need it is easy and without problems to receive indemnification.