A car is exposed to a range of risks every day: a road accident, damage in a car park, falling objects, natural events, unlawful acts by third parties or theft. KASKO makes it possible to insure your own car voluntarily and to reduce the financial consequences of such events.
Unlike OSAGO, which concerns the vehicle owner's civil liability to third parties, KASKO is intended above all to protect the car itself.
What risks a car can be insured against
When choosing a KASKO programme, the first step is to decide which risks you want to protect the vehicle against.
Depending on the terms of the programme and the insurance contract, cover may include:
- damage to the car in a road accident;
- collision with other vehicles or objects;
- overturning;
- fire or explosion;
- natural disasters and natural phenomena;
- falling trees, structures and other objects;
- unlawful acts by third parties;
- theft of individual parts of the car;
- theft of the vehicle itself;
- other risks provided for by the insurance contract.
The exact list of insured events is determined by the chosen KASKO programme and the terms of the contract.
Full or partial KASKO
When choosing cover it is important to decide how much protection you need.
Full KASKO covers a wider set of risks and suits owners who want the maximum insurance protection for their car.
Partial KASKO may include only certain selected risks. This option makes it possible to build cover around the events that matter most to the particular owner.
The wider the list of included risks and the higher the sum insured, the greater the scope of protection.
Pay attention to the sum insured
The sum insured sets the limit of the insurer's liability and is fixed in the insurance contract.
When taking out KASKO it is necessary to determine the value of the car correctly and to agree the sum insured. Both the premium and the possible amount of compensation depend on it.
What a deductible is
A KASKO contract may provide for a deductible — the part of the loss that, in the cases set out in the contract, remains the policyholder's responsibility.
A deductible can affect the cost of cover. When comparing programmes it is therefore important to look not only at the price of the policy but also at the size of the deductible and the conditions under which it applies.
What the cost of KASKO depends on
The price of the policy is calculated individually in accordance with the tariffs and the terms of insurance.
The calculation may be affected by the characteristics of the car, its value, the selected risks, the sum insured, the period of cover, the conditions of use, the presence of a deductible and other factors provided for by the insurance rules.
Comparing KASKO programmes on price alone is therefore misleading. A cheaper option may provide a narrower scope of cover.
What to check before taking out a policy
Before entering into the contract, pay attention to:
- the list of insured risks;
- the sum insured;
- the amount of the premium;
- whether there is a deductible and how large it is;
- the territory where the cover applies;
- the period of validity of the policy;
- the exclusions from cover;
- the procedure to follow if an insured event occurs;
- the list of documents required to receive compensation;
- how the loss is assessed and compensated.
All material terms should be clear before the contract is signed.
Which programme to choose
If the car is new or of significant value, it makes sense to consider a programme with the widest cover.
If you only need protection against the most significant risks, you can choose a programme with a limited list of insured events.
The main thing is to choose not the cheapest policy but the level of protection that matches the value of the car, how it is used and your real risks.
Protect your car with KASKO from GSO
There is no way to predict where or when a car will be damaged. What can be done is to reduce the financial consequences of an unexpected event in advance.
Take out voluntary motor insurance — KASKO — with GSO and choose the level of protection you need.
GSO specialists will help you select terms of cover that take account of your car and the risks you want covered.
Any questions?
GSO hotline: +996 (312) 65-08-53 — Mon–Fri, 9:00 to 18:00.
Email: info@gso.kg
Addresses of branches and sales points in every region are listed under Branches and on the Contacts page.