Every day in every city of our vast country, insurance companies issue hundreds of compulsory motor third-party liability insurance policies (compulsory motor third-party liability insurance). New and already regular customers draw up various policies, among which - insurance without restrictions or with a limited number of drivers, for a year or for half a year. There are many nuances that affect the cost of the insurance policy, but today we will talk about unlimited insurance: its advantages and disadvantages, and most importantly, how much the owner of the vehicle will have to pay.
What is the advantage of an insurance policy without restriction?
Let's see what unlimited insurance is all about. MTPL insurance without restrictions allows you to drive a car not only to the owner, but also to absolutely everyone who has a driver’s license.
Imagine the situation that the owner of the vehicle (TS) is not able to drive. The reason can be any: a state of intoxication, fatigue, or simply its absence. The car must be delivered to the entrance with the owner or not - it does not matter. Who can be entrusted with this business? By law, only drivers whose data are indicated in the insurance policy can drive the vehicle. But if the policy has a mark that an unlimited number of persons can manage the vehicle, then the problem is solved automatically. The owner transfers control of the car to a person whom he personally trusts.
Is a power of attorney necessary with unlimited insurance?
Despite the fact that the law on revocation of powers of attorney On driving a car was published back in 2012, the issue remains relevant at the present time. So, if the owner has insurance without restrictions, then any driver can drive the car. Moreover, the power of attorney is NOT required from 11.24.2012. You must have the documents for the car with you - the vehicle passport (TCP) or vehicle registration certificate (STS), CTP insurance policy, the rights of the driver who drives the car.
At the same time, it is worth knowing that the power of attorney is canceled only for the management of the vehicle, for the remaining actions (purchase, sale, in order to pick up the car from the parking lot, etc.), the power of attorney is necessary.
Who benefits from an unlimited CTP policy?
Since insurance without restrictions is several times more expensive, it turns out that not all categories of drivers benefit from it. In addition, with unlimited insurance, its own system of discounts. This will be discussed later.
Still, there are drivers for whom such a policy is an excellent solution. Firstly, these are persons under 22 years of age, as well as persons with a total driving experience of less than 3 years, or persons belonging to both categories. MTPL insurance will still be considered at a higher rate, so there will be no difference in price, but if necessary, you can transfer control to, for example, your father or friend.
Secondly, legal entities, and especially companies providing taxi services. There are many drivers working with them, and an unlimited number of people can drive one car at different times (depending on the schedule). Moreover, insurance without restrictions is mandatory for legal entities.
Finally, we mention the category of citizens having their own driver.Despite the fact that they are individuals, unlimited insurance is also the best option for them, because drivers can change, and contacting the insurance company each time to add a new driver to the insurance is not always convenient.
How much is insurance without limits
As mentioned above, an unlimited policy is more expensive than a regular CTP policy. But how much does its value differ? In general, the cost of insurance rises almost twice, or rather by 80%.
When calculating the cost of OSAGO, various factors are taken into account: car power, owner’s territory of residence, insurance period, age and length of service (with limited insurance), a discount is also calculated. With insurance without restriction, an increased coefficient of 1.8 is applied. When applying for mandatory motor third party liability insurance, the coefficient is equal to one.
Discounts for unlimited insurance
If the owner earlier in the registration of the insurance policy entered the data, then every year he is awarded a 5% discount for accident-free driving. But as soon as the owner of the vehicle decides that insurance for the car without restrictions is now more necessary for him, then the accumulation of discounts will start again. Therefore, before issuing an insurance policy, it is necessary to calculate everything very accurately so that subsequently there are no unpleasant situations and claims against insurance companies.
After reading the article, you understood who and in what situations insurance is unlimited, and who can easily go without it, as well as what the pros and cons of it. Make the right choice, take care of your health and money!
