Sample CASCO agreement and important points to pay attention to in 2021

What does the document look like?

The legislation does not determine the appearance and form of the CASCO policy, which is why it often becomes the subject of forgery and fraud.

To avoid this, you need to know what elements must be present on the form.

1. Barcode. The form must have a unique barcode. It can be used to quickly determine the authenticity of a policy at the insurance company's office.
2. Wet printing. A mandatory detail on the policy is a “living seal”. There must also be a signature from the responsible person.
3. Insurer details. The form contains:
   Name;
4. legal address;
5. current account number;
6. insurance company phone number.
7. Policyholder/driver details. The information and contact phone number of the policyholder, as well as information about the owner of the car, are indicated. In addition, the name and details of the recipient of the insurance compensation are indicated.
8. Vehicle data. The policy contains complete information about the vehicle for which insurance is issued. In addition to the model, make and license plate number of the car, you need information about the mileage and year of manufacture.
9. Information about the sum insured. A specific sum insured and liability limits are specified. Also, the contract must contain the period for which it is drawn up.

You can see what a completed sample CASCO policy looks like in the photo below:

"VSK Insurance House" - Is it worth buying a CASCO policy?

VSK Insurance, like other insurance companies, is not without those shortcomings that are typical for the Russian market.

Long processing times for submitted applications, the presence of bureaucracy, delays in the consideration of existing insurance cases for the purpose of calculating compensation payments - not a single insurance company can do without this.

However, for minor troubles, VSK Insurance is considered a reliable insurer that fully provides all the necessary repairs to damaged car parts.

If you have serious problems with your car after being involved in an accident, help will most likely be provided, but you just have to wait a long time.

Do not forget that VSK (All-Russian Insurance Company) is rightfully considered one of the largest insurers on the domestic market with a huge number of branches. Due to the presence of a high margin of financial strength and the largest authorized capital among others, it has the highest level of reliability indicator.

What else are they giving out?

The following is issued along with the CASCO policy:

1. Receipt of payment.
2. Insurance rules.
3. Vehicle inspection report. In some cases it may not be required:
   if the car is new;
4. in case of renewal of a break-even policy.
5. Additional agreement (if drawn up). It may stipulate conditions that are not included in the contract itself, as well as changes, additions and exceptions determined individually.

Sometimes insurance companies issue plastic cards with the CASCO contract number, but this is not a prerequisite.

Extension

The agreement can be extended in unlimited quantities. In this case, insurance organizations reward car owners who have become regular customers with some discounts. Favorable benefits are provided in case of continuous multiple renewals. Experts recommend contacting insurers 1 month before the contract actually expires.

For this purpose, the car owner must arrive in an insured vehicle at the insurance organization and submit an application in writing. After this, the expert will examine the car and give an opinion. Then the cost of CASCO insurance is calculated, as well as the amount of the contribution payable by the policyholder.

Important: Renewal is not possible when the owner of the car changes or the car itself changes.

Paper requirements

The document should not be printed on regular office paper. The characteristic features of a genuine form are as follows:

• It is printed on paper with protective fibers, so it has a special texture. This can be determined by touch.
• There may also be watermarks or a holographic logo - this will depend on the specific insurance company.

Important! To protect yourself from buying a counterfeit, it is better to first look at the website of the selected insurer to see what the policy looks like and what methods of protecting the forms are used.

Customer reviews about CASCO insurance at VSK Insurance

The high performance indicators of the company were three times noted with gratitude from the President of the Russian Federation for their invaluable contribution to the development of the insurance business. The insurance company has already been a laureate of the National Competition “Company of the Year” in the “Insurance Company” category several times.

Despite this, VSK has both negative and positive reviews.

See all reviews on the portal: banki.ru/vsk/kasko .

Analyzing customer reviews from different regions, the conclusion suggests itself: the insurance company operates within the legal framework. However, not all employees have a good attitude towards car enthusiasts.

If any illegal actions are detected, the company management strongly recommends writing appropriate complaints to the central office. Applications are processed as quickly as possible, which is why there is a possibility of receiving insurance compensation in a short time.

How to distinguish an original from a fake?

Modern technologies, unfortunately, allow attackers to forge both seals and watermarks, so it is impossible to determine the authenticity of a policy with 100% authenticity only by sight. There are reliable ways to do this.

Agent/broker license verification

Even before applying for CASCO insurance, it is recommended to check the license of the insurer, agent or broker.

1. To do this, you can personally contact the specialized insurance department and check the availability of a license in the registry.
2. Another option is to go to the official website of the Central Bank. On the site you can check not only a general license, but also a license for a specific type of insurance. If the required company is not in the register, this indicates that the insurer either does not have a license or had one revoked, but the organization continues to exist. This is a gross violation of the law, punishable by law.

Advantages of registering for CASCO insurance at VSK Insurance

Insurance (Insurance House) is an insurer that began operating in Russia back in 1992.

Today it confidently holds the leadership, and its activities are recognized with various state awards, for example, for its contribution to the insurance business, and since 2001 it has been the owner of the highest reliability class A+++.

VSK confirms the existing class annually, and the availability of a wide range of additional services and complete financial transparency only increases the number of regular customers.

The main advantages of registering for CASCO insurance at VSK Insurance include:

• Possibility of obtaining insurance for a credit car;
• car insurance programs are created taking into account customer requirements;
• It is possible to adjust the initial insurance coverage rate on an individual basis.

A distinctive feature is the possibility of receiving discounts on an individual basis.

Additional ones include:

• The minimum period for signing an insurance contract is 6 months;
• the ability for a potential client to independently select a list of insurance events;
• if you get into an accident, you have the opportunity to receive numerous additional services;
• You can ask questions via the hotline, which operates 24 hours a day.
• If necessary, you can pay the franchise in installments.

All this makes VSK Insurance the best insurer in the domestic market.

Types of compensation: payments and in-kind compensation

Compensation for damage to a person injured in an accident at VSK is carried out in the form of cash payments or repairs. The insurance company has the right to independently decide in what format to compensate for losses. In doing so, she focuses on the wishes of the injured person and the circumstances.

You can count on compensation in kind in the following cases:

• the age of the car exceeds the warranty period established by the manufacturer;
• the period of restoration work may exceed 30 days;
• the location of the repair shop is further than 50 km from the place of registration of the victim;
• recognition of the impossibility of restoring the car;
• the insurer does not have an agreement with a car dealer that is less than 2 years old;
• death of a victim as a result of an accident;
• the disabled person's status;
• the amount of repair costs exceeding the limit values.

VSK issues a referral for repairs under compulsory motor liability insurance only if it is beneficial to the insurance company. Fulfillment of this condition is possible in relation to vehicles less than 2 years old, serviced through dealer service stations. The victim must contact the repair shop within the time period specified in the document. The car must be restored within 30 days.

Rating

One of the significant advantages of Ingosstrakh is reliability and confidence in payment. If the cost of CASCO for your car is similar to that of other insurance companies, then you should consider the possibility of insurance with Ingosstrakh. For 2021, Ingosstrakh Insurance Company has excellent indicators.

Advantages of insurance with Ingosstrakh

As a conclusion from all of the above, let’s try to compare the facts and decide whether Ingosstrakh is worthy of purchasing a policy here or not. First of all, we are pleasantly surprised by the fact that offices are located in more than 300 localities in Russia, therefore, the insurer is always close to the client.

By the way, within the “Damage” risk they offer additional insurance against damage by animals. And according to the risk “Theft”, in addition to robbery, theft and assault, there is a risk of “hijacking” without the purpose of theft.

READ MORE: Cost of CASCO Hyundai 2021: is it worth it and where?

Disadvantages of insurance in Ingosstrakh

Abstracting from the information published on the official Ingosstrakh website, let’s consider customer reviews on specialized thematic forums, of which there are many today on the Runet. Looking ahead, let's say that there are many positive opinions, but, of course, there is an alternative point of view.

Can the cost of the policy be perceived as a disadvantage? Speaking about how high the cost of the proposal is, it should be borne in mind that Ingosstrakh is practically the only company where clients do not complain about unmotivated refusal to pay compensation. Do you think your peace of mind and confidence in the future is worth some discrepancy in the price of the policy?

• We quote another negative review verbatim: a sports car is insured under CASCO, the insurance amount is 50 thousand rubles. in year. The user who left the review is dissatisfied with the fact that he was denied compensation for an insurance event when, due to poor road surface, a disc on low-profile tires was bent. According to a company representative, disc deformation is not an insured event. As a result, the client repaired the defect at his own expense and was dissatisfied with the fact that he was paying a lot of money when buying a policy, but there was no effect.

It must be said that such cases are isolated, and if such a problem occurred, the car owner would need to discuss the situation with a lawyer and act according to the proposed instructions, and, probably, the incident would have been resolved.

Installment payment