PrivatBank Casco (for corporate clients and sole proprietors)

Property under ownership and/or use and/or disposal, namely:
a vehicle related to the insurance interests of the Policyholder.
Under this product, technically sound passenger cars, motorcycles, trucks, buses, harvesters, tractors, mounted agricultural equipment, other self-propelled machinery, trailers, and additional equipment for them are eligible for insurance.

Policyholders: legal entities and individual entrepreneurs.

Insurance Risks:

1. Illegal seizure of the vehicle;
2. Road traffic accident (RTA), including stones thrown from under the wheels, collision with animals while driving;
3. Unlawful acts of third parties, except for “Illegal seizure”;
4. Natural disasters: flood, storm, hurricane, tornado, squall, heavy rain, hail, landslide, avalanche, mudflow, rise of groundwater, lightning strike, soil subsidence, earthquake, etc.;
5. Fire, explosion, or spontaneous combustion;
6. Falling of trees, stones, or other objects; animal attacks; damage to the vehicle by water or other substances due to utility network accidents; vehicle damage resulting from subsidence under the road surface.

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:

• Vehicles without a body number (if not provided by the manufacturer or destroyed);
• Vehicles used as taxis, for car-sharing, test drives, driving lessons, competitions, as replacement vehicles, or those rented or leased;
• Vehicles that are technically defective and not permitted for use under traffic regulations.

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.

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.

The deductible is established by agreement of the Parties in the following amount:
• 7.0% of the insurance sum — for the risk of “Illegal seizure of the vehicle” or in the event of total constructive or physical destruction of the vehicle;
• 0% or 1% of the insurance sum — for other insurance risks specified in the insurance contract.

Type of deductible: unconditional.

Territory of validity:

• Ukraine;
• for passenger cars and motorcycles, the insurance contract is also valid in CIS countries (excluding the Russian Federation and the Republic of Belarus), Europe, Turkey, and Georgia.

The insurance contract does not apply:
• to temporarily occupied territories of Ukraine;
• to areas where Ukrainian state authorities temporarily do not exercise their powers, and to settlements located along the demarcation line;
• to zones of any kind of military operations;
• to areas where a state of emergency has been officially declared or to zones officially recognized by state authorities as potential natural disaster zones, if such declaration was made before the conclusion of the insurance contract;
• to roads used for sporting events.

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.

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).

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.

Discounts and promotional offers are not available and do not apply.

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.

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