The voluntary motor vehicle insurance involves indemnity to the Insured (Beneficiary) for damage or destruction, theft, stealage of a vehicle and / or additional equipment installed on it resulting from the event insured (risk insured) specified by the contract.
Insurance risks:
- theft (stealage);
- road accident;
- fire, explosion;
- acts of God, lightning;
- damage to glass and optics;
- items dropped onto motor vehicles;
- running (shock) on stationary and moving objects;
- flooding;
- illegal actions of third parties.
Insured sum
The insured sum is agreed in the contract of insurance by the Parties, but cannot be higher than the actual value of the vehicle at the date of the contract of insurance.
Insurance premium
The insurance premium is determined based on the size of insured sum and tariff rates. The insurance premium depends on the technical condition of the object of insurance, insurance risks and number of persons eligible for driving the motor vehicle in question.
Voluntary motor vehicle insurance tariff rates
| Name | Minimum rate, % | Base rate, % | Maximum rate, % |
| Motor vehicle insurance (full package) | 0,76 | 2,12 | 15,93 |
| Theft (stealage) | 0,046 | 0,127 | 0,956 |
| Road accident | 0,268 | 0,744 | 5,577 |
| Fire, explosion | 0,061 | 0,170 | 1,275 |
| Acts of God, lightning | 0,061 | 0,170 | 1,275 |
| Damage to glass and optics | 0,054 | 0,149 | 1,115 |
| Items dropped onto motor vehicle | 0,069 | 0,191 | 1,434 |
| Running (shock) on stationary and moving objects | 0,069 | 0,191 | 1,434 |
| Flooding | 0,069 | 0,191 | 1,434 |
| Acts of third parties | 0,069 | 0,191 | 1,434 |
Deductible
Insurance contract specifies a deductible, which type and amount are determined by the agreement between the Parties. The deductible is set either a percentage of the insured sum, or in absolute terms.
