OJSC "State Insurance Organization" presents a new voluntary insurance product for car owners - "CASCO-Extra". This product complements the mandatory car liability insurance (OSAGO) and offers car owners broader protection.
The standard OSAGO covers the driver's liability to third parties. However, if the driver is at fault in a traffic accident, the damage to their vehicle is usually not compensated. In response to this need, the "CASCO-Extra" product was created.
Concept of "mirror" protection
The "CASCO-Extra" policy works as an additional "mirror" protection to the existing OSAGO. In the event that the driver is found at fault in an accident, OSAGO will compensate the damage to the affected party, while "CASCO-Extra" will cover the damage to their own vehicle.
Thus, the client receives comprehensive protection:
- coverage of liability to other road users through OSAGO;
- protection of their vehicle through "CASCO-Extra".
- Available for individuals with an active OSAGO policy;
- Issued without the need for additional vehicle inspection;
- The cost of the policy corresponds to the cost of OSAGO (calculated based on the remaining term);
- The same coefficients are used in the calculation, including the bonus-malus system;
- Unified service and quick settlement for both policies;
- No deductible.
When does "CASCO-Extra" take effect?
The insurance coverage applies to the following situations:
- damage to the vehicle as a result of an accident, if the driver is found at fault;
- fire or explosion occurring as a result of this accident.
Response to customer requests
The launch of the "CASCO-Extra" product was a response to numerous customer requests who expressed a desire for additional protection for their vehicles at a reasonable price.
Simplicity and transparency
The contract for "CASCO-Extra" is concluded for a term not exceeding the term of the OSAGO policy and automatically terminates upon cancellation or expiration of the OSAGO policy. The insurance premium is calculated proportionally to the remaining term of the OSAGO.
OJSC "State Insurance Organization" is one of the leading insurance companies in the Kyrgyz Republic, offering a wide range of insurance services for individuals and legal entities.
