Insurance Object: Liability for damage caused to a third party and/or their property during the operation of the insured vehicle by the driver.
Insurance Risks and Coverage Limitations: Insurance Risks: The occurrence of liability for damage caused to a third party and/or their property as a result of a traffic accident during the operation of the insured vehicle by the driver.
Coverage Limitations:
- Vehicles that are not registered in Ukraine or are not subject to state registration.
- Vehicles used as taxis, for car sharing, rental, test drives, driver training, competitions, or as replacement vehicles.
Minimum and Maximum Insurance Sum (Liability Limit): The insurance sum is determined by agreement between the parties and can range from UAH 150,000 to UAH 1,500,000.
Minimum and Maximum Insurance Premium and/or Insurance Rate: The insurance rate can range from 0.06% to 0.1667% of the insurance sum.
Type, Minimum, and Maximum Deductible (if applicable): An unconditional deductible of 0% of the insurance sum.
Territory and Term of the Insurance Contract: Insurance Territory: Ukraine, except for:
- Temporarily occupied territories;
- Territories where state authorities do not temporarily exercise their powers and in settlements located along the line of demarcation;
- Territories of any kind of military action.
Insurance Contract Term: 1 calendar year.
Exceptions from Insurance Cases and Grounds for Denial of Insurance Payout:
Exceptions from Insurance Cases:
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Losses incurred as a result of: 1.1. War and political risks of any kind; 1.2. Use of the vehicle for purposes other than intended, during testing, training/driving practice, participation in sports competitions, as a taxi, rental, or car sharing; 1.3. Traffic accidents that occurred without direct contact between the insured vehicle and other participants in the event; 1.4. Operation of the insured vehicle by a person under the influence of alcohol, drugs, or other intoxicating substances.
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Damage: 2.1. Caused to the insured vehicle, any property (cargo) inside it, or to the life/health of the driver of the insured vehicle or its passengers; 2.2. That does not exceed the limit specified in the MTPL insurance agreement.
Grounds for Denial of Insurance Payout:
- Intentional actions by the driver of the insured vehicle aimed at causing the insurance event;
- Submission of false information by the policyholder/driver of the insured vehicle regarding the insured object, circumstances crucial for assessing the insurance risk, or the occurrence of the insurance event;
- Presence of circumstances that are exceptions from insurance cases and coverage limitations;
- Failure by the policyholder/driver of the insured vehicle to comply with the terms of the insurance agreement, including refusal to undergo a sobriety test for alcohol, drugs, or other intoxicating substances, or being under the influence of medications that impair attention and reaction speed.
Insurer's Liability Limits for Each Insured Object, Insurance Risk, and/or Insurance Case:
- For damage to the life and/or health of third parties — UAH 50,000;
- For damage to the property of third parties — in the amount of the difference between the insurance sum and the liability limit for damage to the life and/or health of third parties.
Procedure for Calculation and Conditions for Insurance Payouts:
Procedure for Calculation of Insurance Payouts:
Insurance payouts are determined as follows:
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For damage caused to the property of third parties — based on the actual amount of damage caused to the victim's vehicle, in accordance with the Methodology for Commodity Expertise and Valuation of Wheeled Vehicles.
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For damage caused to the life and/or health of third parties — as a percentage of the corresponding liability limit:
- In the event of the death of the victim — 100% of the limit;
- In case of disability:
- Group 1 — 90% of the limit;
- Group 2 — 75% of the limit;
- Group 3 — 50% of the limit;
- In the event of temporary incapacity — 0.2% of the limit for each day of incapacity, but no more than 30% for the entire period.
Conditions for Insurance Payouts:
- The decision to approve or deny the insurance compensation is made by the insurer within 10 working days from the date of submission of all necessary documents.
- The insurance compensation is paid within 10 working days from the date the insurer makes the decision to pay.
- In the event of a decision to deny the payout or delay the decision, the insurer notifies the policyholder with justification for the denial or delay within 10 working days from the date of such a decision.
Possible Consequences for the Consumer in Case of Non-Compliance with the Obligations Stipulated in the Insurance Contract:
If the consumer fails to comply with the obligations stipulated in the insurance contract, the insurer may refuse to pay insurance compensation.
Information on the Possibility of Purchasing the Insurance Product Separately:
The insurance product is not an add-on to other goods, works, or services that are not insurance-related.
Conditions for Receiving Discounts on the Insurance Product and Promotional Offers from the Insurer:
Discounts and promotional offers are not provided for this insurance product.