Voluntary Motor Vehicles Owners Third Party Liability Insurance

Motor vehicle not subject to compulsory motor vehicle owners third party liability insurance can be insured under this type of insurance. Motor vehicle insurance is carried out over the limits of liability on compulsory motor vehicle owners third party liability.

Object of insurance is the property interest of Insured (Assured) related to his/her liability stated by the Civil legislation of the Republic of Kazakhstan, to indemnify a damage caused by motor vehicle to life, health and/or property of third parties as result of insurance event occurrence during period of insurance coverage validity.

Insurance event is a damage caused by motor vehicle to the life, health and/or property of the third parties as a result of traffic accident.

Insurance can be carried out separately or in aggregate with respect to:

1) Third persons, except passengers;
2) Passengers.

Sum insured is set by consent of the parties:

• Maximum aggregate limit of liability per one motor vehicle — in this case amount of all indemnities on all insurance events in whole period of insurance agreement validity shall not exceed this limit;
• Maximum limit of liability per each occurrence;
• Maximum limit of liability per one or several insurance events in the period of insurance agreement validity;
• Maximum limit of liability per each and every insurance risk or all insurance events.

Insurance premium is set depending on type of motor vehicle and amount of sum insured.

Amount of loss occurred to the damaged motor vehicle owned by Injured is determined depending on the condition selected by you at the insurance agreement conclusion:

Condition A — based on independent expert's statement with assumption of deterioration;
Condition B — based on of accounts for actually fulfilled repair of damaged motor vehicle on the technical maintenance station (TMS).

Amount of loss caused to other property (which is not motor vehicle) of injured is determined on the basis of independent expert’s statement with assumption of deterioration.

Indemnity on Injured’s property shall be paid in amount of direct material damage less sums paid or payable to Injured according to the agreement (policy) of compulsory motor vehicle owners third party liability insurance, which shall be concluded with Insured in accordance with Law.

Indemnity of sum insured for damage caused to Injured’s life and health shall be paid independently of amounts due to him/her according to social welfare and agreements of compulsory/ voluntary personal insurance.