With so many cars on the roads like today, getting into a traffic accident is very easy. Therefore, there is a need to further protect yourself. This is auto insurance. In the article, we will talk about what rules exist in it, and find out whether OSAGO is needed, if there is a hull insurance.
MTPL policy concept
When drivers get into an accident, thanks to the compulsory insurance policy, SK will pay compensation to the injured party. This is a very well-thought-out measure, since many accidents occur on the roads every day. At the same time, drivers are far from always ready to repair the damage themselves.
MTPL agreement must be concluded by all car owners. It is of two types:
- with a limited list of persons;
- with an unlimited list of faces.
In the first case, only those drivers who are included in the policy are allowed to drive a car. If a traffic police officer stops the car when another person is behind the wheel, the car owner will be fined.
In order to issue CTP for a car, the following documents are required:
- passport;
- registration certificate;
- diagnostic card;
- driver's license;
- a policy that expires.
The road is unpredictable even for the most experienced motorists. After all, there are a variety of categories of drivers with different driving skills. Some strictly monitor the technical condition of their vehicle, while others do not even check the most basic things.
Compulsory Insurance Cases
Those car owners who insured the risks of traffic accidents will avoid large cash expenses for the damage caused. Payments will be made by the UK with which the contract is concluded. If the car owner is the injured party in an accident, then IC will pay insurance to him.
However, car insurance does not cover all risks, the amount of payments is limited. Damage can only be repaired as a result of accidents. If other events occur that entail negative consequences, they will not be perceived as an insured event.
Currently, in Moscow and the region, St. Petersburg and the Leningrad region, the maximum amount of compensation is 400 thousand rubles. And in 2019, such a reimbursement will be valid in all regions of Russia. You should be aware that for a delay in payment the insurer must pay a fine - 1% of the amount of compensation.
However, let us return to the main question: is it necessary for compulsory motor third-party liability insurance if there is a hull insurance? Before answering it, consider the concept of voluntary insurance.
The concept of hull insurance
An extended insurance option is CASCO, which provides compensation after an accident and in other unpleasant situations besides an accident. Under this agreement, the car owner is guaranteed indemnification if the car is stolen or damaged, regardless of who caused the accident.
CASCO is guaranteed to be paid even in cases where there is no certificate from the traffic police. Help is acquired only at your own need. To compensate the damage under compulsory insurance, it must be attached.
Voluntary Insurance Cases
If you conclude a contract CASCO insurance applies to the following cases:
- for theft;
- for repairing any part of the car;
- for the tow truck;
- for the restoration of the vehicle, the driver of which was responsible for the accident.
There are frequent cases when insurance companies refuse to pay the compensation for the accident to practice. However, do not put up with this. Indeed, under the current law, the driver can receive full compensation for damage, regardless of who was responsible for the accident.
But the question arises: if voluntary insurance reimburses everything, is it mandatory for motor third party liability insurance, if there is a hull insurance?
CTP and CASCO in the same insurance company
Because of CTP payments limited, car owners often conclude an additional CASCO agreement, since the latter provides large payments in case of an accident. The contract can be concluded in one company.
We will study how the cost of hull and compulsory motor liability insurance is compiled, what is the difference between the parameters that affect them.
The price for OSAGO depends on the vehicle model, driving experience, the region where the vehicle is supposed to be used, KBM and SK discounts. At the same time, CASCO is affected by the list of insurance risks that the driver himself indicates.
The advantages of arranging both insurance policies in one company are that, firstly, time is saved. The staff enters all the data for both types of insurance at once. Secondly, simplicity of design plays a role. It is enough to present documents, pay for insurance and get both policies. Thirdly, usually discounts are established in the UK when concluding both contracts.
CTP and CASCO in different insurance companies
But also car owners have the right to conclude agreements with different insurance companies. This option also has its advantages. CASCO - insurance is expensive. Therefore, the car owner has the right to choose where to insure him, based on personal preferences and financial opportunities.
Previously, in an accident, I had to apply to the insurance company of the culprit, and to mine to receive compensation. At present, in the event of a minor accident in which two cars participated, they do not apply to the company responsible for the incident, but to their insurance company for compensation for damage. Therefore, the car owner should seriously approach the question of where to conclude a CASCO and CTP insurance agreement, what is the difference between receiving them in different places and advantages.
In more serious accidents, when there are victims, they contact the company responsible for the road accident if both participants of the accident have valid compulsory insurance policies. Then the funds aimed at restoring the vehicle and treating the victims are compensated. Nevertheless, it has limitations on the amounts prescribed in the contract.
Is compulsory motor third-party liability insurance required if CASCO is available?
As follows from the meaning of the article, the issue with insurance is understandable. Do I need to issue CTP, if there is a hull? Yes need. Laws governing motor insurance, OSAGO prescribe to have for each vehicle, even if there are other unexpired policies on it.
Do not take the policy of compulsory motor liability insurance as an excessive waste of money. In the event of an accident, the payment of the insurance company will greatly help the car owner and save you a lot of trouble. And if a traffic police officer stops the car and the driver doesn’t have an OSAGO, he will be fined from five hundred to eight hundred rubles, depending on whether he is registered at all or not.
