Casco: what is it? Insurance options, details

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Any car owner wants to protect their vehicle from possible damage. CASCO insurance will help to do this in the best possible way. Many people want to know more about Casco, what it is. But first things first. First you need to understand what is generally understood today as damage.

Damage to the owner of the car - some kind of damage that was caused to the car. It can be an act of vandalism, theft, damage in an accident. Other types of damage are not excluded. Casco is popular due to the wide range of costs covered by insurance. At the moment, the situation is as follows: many people are already thinking about protecting it while planning to buy a car.

Popularity

It cannot be said that such car insurance is a cheap option, but it is the most popular one today. Thus, if you want to protect your budget from unforeseen, unnecessary expenses, it's time to study the CASCO rules. Insured events can be different: not the most successful parking, theft, causing any harm. If any such trouble occurs, the person who has a issued Casco will be paid in fullcompensation (according to the damage).

Mini Casco - what is it?

The modern market of insurance services provides its customers with a lot of offers, for example, there are different types of comprehensive insurance. What is it - a "mini" version of this insurance? He really deserves attention.

This is an insurance product that is offered to motorists in almost all leading domestic insurance companies. In fact, we are talking about a simplified CASCO program, which guarantees reliable protection against risks and protects a person from serious losses. From what troubles will such insurance help?

• car theft;
• car loss or damage due to natural disaster or fire;
• Accident or industrial accident;
• damage due to the actions of public utilities or technical services (for example, damage was caused by representatives of law enforcement agencies or rescue services).

The list of those risks that the "mini" offer will cover varies significantly - it all depends on the specific company. However, there are still common features: a fairly low cost (when compared with a full policy), and the insurance policy also has significant limitations. As a rule, people save up to 30% of the price of casco insurance if they choose the mini package.

What's the plus?

The main advantage of an incomplete package, when compared with a full-fledged CASCO policy, is an impressive financial savings. This form of insurance is ideal for inexperienced, young drivers, andalso to those people whose car is already worn out. If the manufacturer's warranty has already expired on the vehicle, you should also pay attention to the "mini" casco version. Also, this tool is useful in a situation where a car enthusiast does not want to insure the car against all possible risks, if, for example, you only need to drive a few times a month, and the rest of the time the car is in a garage or in a paid parking lot.

Franchise in CASCO

Surely someone has heard about the CASCO franchise. What it is? This is the name of the part of the damage under insurance, which the owner compensates on his own if an insured event occurs. As a rule, we are talking about a fixed sum insured, although many companies express this value as a percentage. The situation looks like this: the CASCO company provides the client with a significant discount on its services, but any minor repairs (negotiated in advance with representatives of the insurance company) will have to be carried out by spending money from their own pocket. There are two types of franchise for cars: conditional and unconditional.

Unconditional Franchise

In the insurance policy, this procedure is stipulated approximately as follows: the owner of the car assumes an obligation, which consists in compensating a certain amount if he receives damage. It is worth considering a simple example: there is a car that is insured under this program. The franchise limit is, say, 5,000 rubles. If an insured event occurs, for example, for 15 thousand, the company will pay the owner of the car only10 000.

Conditional franchise

What about this offer? With a conditional franchise, the insurance company fully compensates for all damage caused to the car only when its size is higher than a certain bar. If you pay attention to the CASCO reviews, then in this situation everything looks like this: if the car gets into an accident, but the amount of damage is less than the franchise bar, the owner pays for the repair work himself. If the damage is greater than the specified in the contract, the owner will be paid to restore the car.

Everyone must decide for himself whether it is worth using a franchise with CASCO. What it is - it became clear to many from our article. It is enough to pay attention to the situation in big cities - there is a high risk of just minor damage (scratches on the bumper, fenders). Insurance companies calculate the deductible in such a way that the cost of repairs is slightly lower than the established payment level. That is, before making a choice, you need to try to take into account all the nuances. A franchise is a really great way to save money, especially its maximum option. In such a situation, you will have to pay for Casco about half as much as in the usual case. That is, even owners of fairly old cars can seriously think about a CASCO insurance policy - today it is real.