Motor transport
Motor vehicle insurance
Side by side with real estate motor vehicles are the most expensive property, which safety significantly affects any business. The rate of traffic accidents and car theft is increasing every year, the consequences of the above lay a heavy burden on budget of enterprise. The most reliable method to avoid these problems is to insure company cars.
All types of motor vehicles of domestic or foreign manufacture that are possessed by legal entity on the right of economic management, day-to-day management, rent or transferred a pledge, leasing are liable to insurance. Motor vehicles with the period of exploitation more than 15 years are also accepted for insurance. Decision about insurance of motor vehicles with the period of exploitation more than 15 year shall be taken individually.
The following risks are insured:
- Traffic accident;
- Natural disasters;
- Third party illegal action;
- Other unexpected events.
Insurance agreements may be concluded in respect of all risks and in any its combination.
Motor vehicles insurance shall be realized on the conditions “A” and “B”:
1) Variant A — appraisal of damage of the harmed motor vehicle shall be conducted by independent expert taking deterioration of motor vehicle into account;
2) Variant B — appraisal of damage shall be conducted without taking deterioration into consideration, damage control shall be realized by specialists of the Technical Maintenance Station.
Sum insured is set in amount of actual (market) value of motor vehicle at the effective date of Insurance agreement conclusion, which is certified by official documents (purchase/sale, rent contract and etc, cheques and receipts) or by mutual consent of the parties.
Insurance rates are varying from 1% to 10% for all-in package of risks depending on type of motor vehicle, risks, territory of insurance and number of motor vehicles.
Discounts from 5% to 20% are available for motor vehicles fleet insurance.
Insurance premium payment may be paid by cash or bank transfer, lumpsum or by installments.
