→ General Terms and Conditions of the Standard Insurance Product “CASCO (MA/UA)”
→ Information Document on the Standard Insurance Product “CASCO (MA/UA)”
No. | Type of Information | Information to be Completed by the Insurer |
1 | Object of Insurance |
Property under ownership and/or use and/or disposal, namely: Policyholders: legal entities and individual entrepreneurs. |
2 | Insurance Risks. Insured Events. Limitations of Insurance |
Insurance Risks:
An insured event is the occurrence of loss or damage sustained by the Policyholder (Beneficiary) due to partial damage, total destruction, or illegal seizure (loss) of the insured vehicle and/or additional equipment as a result of the occurrence of insured risks within the term and territory of the insurance contract. The following are not covered under this insurance product:
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3 | Minimum and Maximum Insurance Sum (Liability Limit) |
The insurance sum is determined by mutual agreement of the Parties and must correspond to the actual value of the vehicle at the time the insurance contract is concluded. |
4 | Minimum and Maximum Insurance Premium and/or Insurance Rate |
The amount of the insurance premium depends on the insurance sum and the selected insurance conditions. Minimum and maximum annual insurance rate — from 0.42% to 4.4% of the insurance sum under the insurance contract. Insurance premium = insurance rate × insurance sum. |
5 | Type, Minimum and Maximum Deductible Amount (if applicable) |
The deductible is established by agreement of the Parties in the following amount: Type of deductible: unconditional. |
6 | Territory and Term of the Insurance Contract (including details on its commencement and insurance period(s), if applicable) |
Territory of validity:
The insurance contract does not apply: Contract term — 1 (one) year. If the contract term exceeds 1 (one) year, it is divided into insurance periods. The contract takes effect from 00:00 (Kyiv time) on the start date specified in the contract, but not earlier than the moment the Policyholder pays the insurance premium (or its first installment, if payable in parts) for the first insurance period in the amount specified in the contract to the Insurer’s account. The contract remains valid until 24:00 (Kyiv time) on the date specified as the contract’s expiration date, unless other circumstances lead to its early termination under the terms of payment. The contract is automatically extended for the next insurance period provided that the next insurance premium (or installment) is fully credited to the Insurer’s account by the payment deadline specified in the contract. |
7 | Possible consequences for the consumer in case of failure to fulfill obligations defined in the insurance contract |
Failure of the Policyholder to fulfill obligations under the contract is grounds for refusal of an insurance payout. If the insurance premium / its first installment is not paid in the amount and within the deadlines specified in the contract, the contract is considered not concluded (unless otherwise agreed by the Parties and specified in the insurance contract). If the next installment is not paid in the amount and within the deadlines specified in the contract, the contract terminates (unless otherwise agreed by the Parties and specified in the contract). |
8 | Information on the possibility to purchase the insurance product separately if it is offered together with a related and/or additional non-insurance product, work, or service as part of one package or agreement |
The contract is an additional agreement to banking services under the Credit Agreement concluded by the Policyholder with JSC CB “PRIVATBANK.” In connection with the conclusion of this Contract, there is no need to obtain additional or related services from the Insurer and/or third parties related to receiving the financial service under the Contract. |
9 | Conditions for obtaining a discount on the insurance product and promotional offers of the insurer |
Discounts and promotional offers are not available and do not apply. |
10 | List of information significant for assessing the insurance risk and/or information on other circumstances considered when determining the amount of the insurance premium |
Before concluding the Contract, the Policyholder must provide the Insurer with information that is significant for the Insurer’s decision to conclude the Contract and/or to determine the amount of the insurance premium under the Contract, including all circumstances known to the Policyholder that are material for assessing the insurance risk (determining the likelihood and probability of an insured event and the potential amount of losses). During the term of the Contract, the Policyholder must, within 5 (five) business days of any changes, notify the Insurer in writing of any changes in circumstances that are significant for assessing the insurance risk and/or other factors affecting the amount of the insurance premium under the Contract (particularly in cases where there is a need to change the listed drivers). Information considered significant for the Insurer’s decision to conclude the Contract and/or determine the insurance premium and/or assess the insurance risk includes data about the vehicle specified in the Contract, as well as information regarding: • the country of origin of the vehicle, drivers authorized to operate the insured vehicle, predominant area of use, nature and/or intensity of operation, technical condition, existing damage, and identified hidden defects; • losses related to the insured vehicle that occurred prior to the conclusion of the Contract (including under insurance contracts with other insurers); • all active insurance contracts concluded for the insured vehicle; • the existence of legal grounds or other relationships confirming the insurable interest of the Policyholder and Beneficiary in the vehicle; • change of ownership of the vehicle (sale, donation, etc.), issuance of a power of attorney granting disposal rights to another person, conclusion of a preliminary sale agreement, or receipt of a deposit for the insured vehicle; • replacement of the body or engine, installation of additional equipment and/or replacement of vehicle components with those differing from those initially insured, including any modification requiring registration of such changes with the competent authorities, registration (re-registration) of the vehicle; • deregistration or cancellation of state registration of the vehicle; • the vehicle being wanted, under arrest, or under encumbrance (except encumbrances related to contractual relations between the Policyholder and Beneficiary); • transfer of the vehicle for lease/sublease, rental, car sharing, pledge, leasing/subleasing, or use of the vehicle as a taxi; • loss of registration documents and/or keys to the insured vehicle and/or remote controls or key fobs of the alarm system of the insured vehicle; • errors or malfunctions in computer equipment, software, or embedded microchips and components; • breakdown, removal, deactivation, or replacement of anti-theft devices. |
11 | Consumer notice about the need to review information before concluding the insurance contract, including links to such information |
This insurance product requires prior review by the consumer in order to make an informed decision to enter into the insurance contract. Before concluding the insurance contract, the consumer must review information about exclusions from insured events and grounds for refusal of insurance payments, insurer’s liability limits for individual insured objects, insurance risks and/or insured events, as well as the calculation procedure and terms of insurance payments, contained in the General Terms and Conditions of the insurance product “CASCO (MA/UA)” available at: https://uniqa.ua/storage/public-offer/partner-reports/4060_(MA_UA)_umovy.pdf |