1. Insurance Object
The insured object is property held under the right of ownership, use, or disposal, namely: a vehicle (hereinafter referred to as the Vehicle), which is tied to the insurance interests of the Policyholder.
Under this product, technically sound passenger vehicles are eligible for insurance, including:
- Passenger vehicles with up to 9 seats (including the driver’s seat);
- Cargo vehicles (cargo-passenger, vans) with a total weight of up to 3,000 kg (inclusive);
- Special vehicles with a total weight of up to 3,000 kg (inclusive).
2. Insurance Risks and Limitations
Insurance Risks:
Traffic accidents (TA) involving two or more identified participants resulting from a collision (contact) of the insured vehicle with another vehicle in the TA, provided the driver of the insured vehicle is not fully at fault.
Insurance Limitations:
The following vehicles are not eligible for insurance under this product:
- Vehicles not registered in Ukraine or not subject to state registration;
- Vehicles without a chassis number (if not provided by the manufacturer or destroyed);
- Vehicles used as taxis, for car-sharing, test drives, driving lessons, competitions, substitute vehicles, or those in rental or lease;
- Vehicles of security companies, transporters (including dangerous goods carriers), public transport, law enforcement, emergency services, municipal services, courier delivery services, or airports, as well as military vehicles and demining vehicles;
- Vehicles in technically faulty conditions that cannot comply with road traffic regulations;
- Vehicles held as collateral or in leasing.
3. Minimum and Maximum Insurance Sum (Liability Limit)
The insurance sum is aggregate and is set by mutual agreement of the parties, ranging from UAH 150,000 to UAH 500,000.
4. Minimum and Maximum Insurance Premium and/or Insurance Rate
The insurance rate ranges from 0.3348% to 1.5263% of the insurance sum.
5. Type, Minimum, and Maximum Deductibles (if applicable)
Unconditional deductible: 0% of the insurance sum.
6. Insurance Contract Territory and Term
(Including activation procedure and insurance periods, if applicable)
Insurance Territory: Ukraine, except for:
- Temporarily occupied territories of Ukraine;
- Areas where state authorities temporarily do not exercise their powers and settlements along the line of demarcation;
- Areas of any type of military action;
- Regions officially declared to be under a state of emergency or recognized by state authorities as disaster-prone zones prior to the conclusion of the insurance contract;
Roads where sports competitions are held.
Insurance Term: 1 calendar year.
The contract becomes effective on the date specified in the Contract as the start date, but not earlier than the day following the receipt of the insurance premium (or first installment, if applicable) to the Insurer’s account.
7. Consumer Consequences for Breach of Contract Obligations
Failure to comply with obligations may result in denial of insurance compensation.
8. Information on the Standalone Purchase of the Insurance Product
This insurance product is not supplementary to other goods, works, or services.
9. Discounts and Promotional Offers
This insurance product does not provide discounts or promotional offers.
10. List of information essential for assessing insurance risk and/or other circumstances considered when determining the amount of the insurance premium
The information essential for the insurer’s decision on the insurance premium amount under the contract and the assessment of insurance risk includes details on:
- the nature and/or intensity of vehicle operation;
- the vehicle’s technical condition;
- any existing damages and detected hidden defects;
- losses related to the Insured Vehicle that occurred before the contract was concluded (including those covered under insurance contracts with other insurers);
- all active insurance contracts concluded for the Insured Vehicle;
- the presence of legal grounds or other legal relationships establishing the Policyholder’s and Beneficiary’s insurable interest in the vehicle;
- changes in vehicle ownership (sale, donation, etc.), issuance of a power of attorney granting another person the right to manage the vehicle, signing a preliminary purchase agreement for the Insured Vehicle, receipt of a deposit;
- registration (re-registration) of the vehicle, deregistration, or cancellation of state registration;
- the vehicle being listed as stolen, under arrest, or subject to encumbrance (except for encumbrances related to the fulfillment of contractual obligations between the Policyholder and Beneficiary);
- leasing/subleasing, renting, car-sharing, pledging, or using the vehicle as a taxi;
- loss of registration documents for the Insured Vehicle.
Disclaimer: Before signing the insurance contract, it is necessary to review the information on exclusions from insurance cases, grounds for refusal of insurance payments, liability limits of the insurer for a specific insured object, insurance risk, and/or insurance case, as well as the calculation procedure and conditions for making insurance payments at the following link: https://uniqa.ua/storage/insurance-products/reports-files/4640_4641_umovy_10.06.2024.pdf.
