Standard insurance product ‘My maximum Casco’ with code 4092

Objects of insurance:

• under CASCO — property owned and/or used and/or disposed of, namely: a vehicle (hereinafter – the Vehicle), in connection with which the Policyholder has insurable interest;
• under TPL — liability for damage caused to a third party and/or its property during the operation of the insured Vehicle by a person whose liability is insured. Such persons include the Policyholder or another person lawfully using the insured Vehicle.

Under this product, technically sound passenger Vehicles and additional equipment not included in the factory configuration are accepted for insurance. Passenger Vehicles under this product include:

• passenger Vehicles with up to 9 seats (including the driver’s seat);
• cargo Vehicles (passenger-cargo, vans) with a gross weight of up to 3,000 kg (inclusive);
• special Vehicles with a gross weight of up to 3,000 kg (inclusive).

Insurance risks:

• under CASCO:
  • Illegal seizure committed by theft, robbery, assault;
  • Road traffic accident (RTA), including stone ejection from under vehicle wheels, collision with animals while driving the vehicle;
  • Unlawful acts of third parties;
  • Natural disaster: flood, storm, hurricane, tornado, heavy rain, hail, landslide, avalanche, subsidence, groundwater rise, mudflow, lightning strike, earthquake, etc.;
  • Fire, including explosion or spontaneous combustion;
  • Falling trees, stones or other objects; animal attack; damage to the vehicle by water or other objects/liquids due to utility network accidents; damage to the vehicle due to subsidence under the road surface (hereinafter – Other cases).
• under TPL — liability arising for damage caused to a third party and/or their property as a result of an RTA during operation of the insured vehicle by a person whose liability is insured.

Insurance limitations:

Not covered under this product:

• Vehicles not registered in Ukraine or not subject to state registration;
• Vehicles in technically defective condition and not permitted for road use under traffic regulations;
• Vehicles without chassis number (including if destroyed) and/or license plates;
• Vehicles used as taxis, for driving lessons, as replacement cars, rented out, leased, used in car sharing, participating in competitions or test drives;
• Vehicles of types other than passenger cars.

Minimum and maximum insurance sum:

• under CASCO: unlimited and set as follows:
  • for the 1st year of the Vehicle Operation Period — 100% of the Vehicle Price;
  • for the 2nd year of the Vehicle Operation Period — 90% of the Vehicle Price;
  • for the 3rd year of the Vehicle Operation Period — 80% of the Vehicle Price;
  • for the 4th and subsequent years of the Vehicle Operation Period — 75% of the Vehicle Price, but not lower than the actual (market) value of the Vehicle (and/or additional equipment) at the time of the insurance contract conclusion.

Vehicle Operation Period — the period starting from the state registration of the Policyholder’s ownership rights to the vehicle and ending with termination of the administration agreement between the Beneficiary and the respective Policyholder.

Vehicle Price — the price of the vehicle specified in the invoice, acceptance certificate or purchase agreement. The insurance sum is non-aggregate, meaning it does not decrease after indemnity payments.

The insurance sum is non-aggregate, meaning it does not decrease after indemnity payments.

under TPL — the insurance sum is 100,000 UAH and is the maximum limit payable to a third party for all insured events occurring during the contract period.

• under CASCO:

Minimum and maximum tariff: from 6.65% to 4.80% of the insurance sum under the contract.

Insurance premium = tariff × insurance sum.

• under TPL — the tariff is 0.001% / the insurance payment is 1 UAH.

• under CASCO — the deductible applies to each insurance case and amounts to 5% of the insured sum for the risk of Illegal possession and 0.5% of the insured sum for all other risks;
• under TPL — no deductible applies.

Territory of coverage: Ukraine.

The insurance contract does not apply to:

• temporarily occupied territories of Ukraine;
• territories of Ukraine where state authorities temporarily do not exercise their powers, as well as settlements located on the contact line;
• territories of military operations of any kind;
• 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 the conclusion of the insurance contract;
• roads where sports competitions are held.

Validity period of the insurance contract — 1 calendar year.

The insurance contract enters into force from the date specified in the contract as the start date of its validity, but not earlier than the day following the crediting of the insurance premium (the first part of the premium, if the total premium is paid in installments) to the Insurer’s account, in the amount and within the time specified in the contract.

If the consumer fails to fulfill the obligations specified in the insurance contract, payment of insurance indemnity may be refused.

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

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

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

• the insured vehicle, as specified in the vehicle registration certificate;
• the country of origin of the vehicle, drivers allowed to operate the insured vehicle, predominant territory of use, nature and/or intensity of operation, technical condition of the vehicle, existing damages, detected hidden defects;
• losses related to the insured vehicle that occurred prior to the conclusion of the insurance contract (including under contracts with other insurers);
• all current insurance contracts concluded for the insured vehicle;
• the existence of legal grounds or other legal relations of Insurable Interest of the Policyholder and Beneficiary regarding the vehicle;
• change of vehicle owner (sale, donation, etc.), issuance of a power of attorney with the right to dispose of the vehicle to another person, conclusion of a preliminary sale agreement for the insured vehicle, receipt of a deposit;
• replacement of the body or engine, installation of additional equipment and/or replacement of components differing from those accepted for insurance, including modifications requiring registration of such changes with the competent authorities, registration (re-registration) of the vehicle;
• deregistration of the vehicle, cancellation of state registration;
• the vehicle being wanted, under arrest, or encumbered (except for encumbrances related to contractual relations between the Policyholder and the Beneficiary);
• transfer of the vehicle for lease / sublease, rental, car sharing, pledge, leasing / subleasing, use of the vehicle as a taxi;
• loss of registration documents and/or keys to the insured vehicle and/or key fobs, remote controls for the vehicle’s alarm system;
• errors, malfunction of computer equipment, software, or built-in microchips, components;
• breakdown, removal, deactivation, or replacement of anti-theft devices.