Standard insurance product ‘My Casco share’

The insured object is property under the right of ownership and/or use and/or disposal, namely: a vehicle (hereinafter – the Vehicle), with which the Policyholder’s insurance interests are connected.

Under this product, technically sound passenger vehicles, motorcycles, and trailers, as well as additional equipment not included in the factory configuration, are accepted for insurance.

Insurance risks:

• Illegal seizure committed through theft, robbery, assault;
• Road traffic accidents, including stones thrown from under wheels, collisions with animals while the Vehicle is moving;
• Unlawful acts of third parties;
• Natural disasters: flood, storm, hurricane, tornado, tempest, heavy rain, hail, landslide, avalanche, subsidence, groundwater rise, mudflow, lightning strike, soil settlement, earthquake, etc.;
• Fire, explosion, or self-ignition;
• Spontaneous falling of trees, stones, or other objects; animal attacks; Vehicle damage by water or other objects or liquids as a result of utility network accidents; Vehicle damage due to the Vehicle falling under road pavement (hereinafter – Other cases);
• War risks.

Insurance limitations:

The following are not subject to insurance under this product:

• Vehicles not registered in Ukraine or not subject to state registration;
• Vehicles in a technically faulty condition and not allowed on the road according to Traffic Rules;
• Vehicles without a body number (including if destroyed) and/or license plates;
• Vehicles used as taxis, for car sharing, test drives, driver training, competitions, as replacement vehicles, rented or leased;
• Vehicles older than 12 years;
• Vehicles of types other than passenger cars, their trailers, and motorcycles (e.g., trucks, trailers to them, agricultural machinery);
• Vehicles of security companies, carriers (including dangerous goods), public transport, police, emergency services, ambulances, utility services, courier and airport services, military, demining services;
• Vehicles that are pledged or leased.

The minimum and maximum insurance sum are not limited.

The insurance tariff may range from 1.25% to 13.9% of the insurance sum.

If an additional insurance payment is made upon the occurrence of an insured event, the new insurance tariff = insurance tariff * 2.

The unconditional deductible is established by agreement of the Parties and is chosen by the Policyholder from options ranging from 0% to 5% of the insurance sum. At the same time:

• 0% deductible applies regardless of the deductible chosen under the insurance contract if the Policyholder is not at fault in the accident (client bonus);
• in any case, a deductible is applied in the amount of:
  • 2.5% of the insurance sum – if, at the time of the accident, the driver was younger than the minimum age specified in the contract among the permitted drivers;
  • 5% of the insurance sum or 15,000 UAH (whichever is greater) – if the Vehicle’s average monthly mileage from the date of the contract until the date of the insured event under the risks Road Traffic Accident, Unlawful Acts of Third Parties, and Other cases exceeds 5,000 km (only for Vehicles with an insurance sum up to 500,000 UAH).

Insurance territory: Ukraine, European countries and CIS (excluding the Republic of Belarus and the Russian Federation), Georgia, Turkey.

The insurance contract does not apply:

• to temporarily occupied territories of Ukraine;
• to territories of Ukraine where public authorities temporarily do not exercise their powers, as well as settlements located on the demarcation line;
• to areas of military operations of any kind;
• to areas where a state of emergency has been officially declared or zones officially recognized by state authorities as areas of potential natural disaster, if such declaration was made before concluding the insurance contract;
• to roads where sports competitions are held.

Standard and maximum term of the insurance contract – 1 calendar year.

Short-term insurance contracts may be concluded with a minimum term of 1 month.

The insurance contract enters into force on the date specified in the contract as the start date of its validity, but not earlier than the day following the date the insurance premium is credited to the Insurer’s current account in the amount and within the term specified in the contract.

If the consumer fails to fulfill the obligations specified in the insurance contract, the insurer may refuse to pay insurance compensation.

The insurance product is not an addition to other goods, works or services that are not insurance-related.

Discounts and promotional offers are not provided for this insurance product.

The information essential for the Insurer’s decision on the amount of the insurance premium and the assessment of the insurance risk includes details about:

• the insured vehicle, as indicated in the vehicle registration certificate;
• the country of origin of the vehicle, drivers allowed to operate the insured vehicle, predominant area of use, nature and/or intensity of vehicle operation, technical condition of the vehicle, existing damages, identified hidden defects;
• losses to the insured vehicle that occurred before the conclusion of the insurance contract (including under contracts with other insurers);
• all valid insurance contracts concluded in respect of the insured vehicle;
• the existence of legal grounds or other legal relations of insurance interest of the Policyholder and Beneficiary regarding the vehicle;
• change of vehicle ownership (sale, donation, etc.), issuance of a power of attorney with the right to dispose of the vehicle to another person, conclusion of a preliminary purchase and sale agreement, receipt of a deposit;
• replacement of the body or engine, installation of additional equipment and/or replacement of vehicle components different from those accepted for insurance, including modifications requiring registration of such changes with competent authorities, registration (re-registration) of the vehicle;
• removal of the vehicle from state registration, cancellation of registration;
• the vehicle being under search, arrest or encumbrance (except encumbrances related to contractual relations of the Policyholder with the Beneficiary);
• transfer of the vehicle to lease/sublease, rental, car-sharing, pledge, leasing/subleasing, use of the vehicle as a taxi;
• loss of registration documents and/or keys for the insured vehicle and/or remote keys, alarm remotes for the insured vehicle;
• errors, failures in the operation of computer equipment, software or embedded microchips, components;
• breakdown, removal, deactivation or replacement of anti-theft devices.